One-Story Office
14565 Sims Road, Delray Beach, FL 33484
For Sale
Contact for pricing
Institutional zoning accommodates medical office, educational, nonprofit, and assembly-oriented uses.
Property Size21,894 SF
Price / SF$223.81
Days on Market105
Property Features for 14565 Sims Road
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Zoning
Building Details
Year Built
Year Renovated
Buildings
Stories
Building Size
Listing Agency:
Reichel Realty & Investments Inc
Listed By:
William Reichel
(561) 478-4440
Source:
Crexi
Added: Jul 29
Changed: Oct 26
Last Checked: Nov 10 at 7:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Reichel Realty & Investments Inc
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Investment Insights
Based on property information with market context.
This one-story office building contains approximately 21,894 SF and was constructed in 1987. The property carries IPF zoning, or Institutional and Public Facilities, with a Future Land Use designation supporting institutional applications. Listed examples include medical office, educational and vocational facilities, nonprofit operations, places of worship, assembly uses, and residential programs.
The building is situated just north of West Atlantic Avenue, between Jog Road and South Military Trail, in Delray Beach. Delray Medical Center is minutes away following its renovation, adding a nearby medical reference point for users evaluating the property.
The building is situated just north of West Atlantic Avenue, between Jog Road and South Military Trail, in Delray Beach. Delray Medical Center is minutes away following its renovation, adding a nearby medical reference point for users evaluating the property.
Key Highlights
- ±21,894 SF one‑story commercial building
- 1987 construction
- IPF - Institutional and Public Facilities zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$335,175
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,703,500
$6.7M
Cap Rate 7%
$4,788,214
$4.8M
Cap Rate 9%
$3,724,167
$3.7M
Market Conditions
NOI Build-Up for 21,894 SF
Gross rent
$591.1K $27.00/SF
− Vacancy
−$32.5K −$1.49/SF
EGI
$558.6K $25.51/SF
− OpEx
−$223.5K −$10.21/SF
NOI
$335.2K $15.31/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,703,500
Cap Rate 7%
$4,788,214
Cap Rate 9%
$3,724,167
Alternative Uses
Best Use
Office B
$9.98M
$8.73M – $11.64M
NOI $698,430 @ 7.0% cap · market cap 14.25%
Second Best
Healthcare Medical
$4.79M
$4.19M – $5.59M
NOI $335,175 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$15.42M
$13.49M – $17.99M
NOI $1,079,329 @ 7.0% cap · market cap 22.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,236
Businesses Nearby
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Business Placement
Demographics for 33484, FL
26,340
Population
18,884
Households
1.4
Avg Household Size
66
Median Age
42%
College-Educated
96%
High-School Grad
6.0 sq mi
ZIP Area
4,390
Density / Sq Mi
$56,942
Median Household Income
$43,922
Median Earnings
$1,876
Median Rent
$220,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Palm Beach County, FL
Properties on Market for Office buildings in Palm Beach County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Institutional zoning accommodates medical office, educational, nonprofit, and assembly-oriented uses.
Where is this office building located?
The property is located at 14565 Sims Road Delray Beach, FL.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: ±21,894 SF one‑story commercial building; 1987 construction; IPF - Institutional and Public Facilities zoning
