One-Story Office
For Sale
Contact for pricing
14565 Sims Road, Delray Beach, FL 33484
Institutional zoning accommodates medical office, educational, nonprofit, and assembly-oriented uses.
Property Size21,894 SF
Price / SF$223.81
Days on Market84
Property Features for 14565 Sims Road
General Information
Standard status
Active
Size
21,894 SF
Class
B
Total Parking Spaces
223
Property subtype
Office, Mixed Use
Zoning
Institutional & Public Facilities
Building Details
Year Built
1987
Year Renovated
1993
Buildings
1
Stories
1
Building Size
21,894 SF
Listing Agency:
Reichel Realty & Investments Inc
Listed By:
William Reichel · License #FL
Source:
Crexi
Added: Jul 29
Changed: Oct 11
Last Checked: Oct 19 at 6:40AM
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
$288,475
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,769,500
$5.8M
Cap Rate 7%
$4,121,071
$4.1M
Cap Rate 9%
$3,205,278
$3.2M
Market Conditions
NOI Build-Up for 21,894 SF
Gross rent
$525.5K $24.00/SF
− Vacancy
−$44.7K −$2.04/SF
EGI
$480.8K $21.96/SF
− OpEx
−$192.3K −$8.78/SF
NOI
$288.5K $13.18/SF
Area
Palm Beach County, FL
Vacancy
8.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,769,500
Cap Rate 7%
$4,121,071
Cap Rate 9%
$3,205,278
Alternative Uses
Best Use
Office B
$8.29M
$7.25M – $9.67M
NOI $580,300 @ 7.0% cap · market cap 11.84%
Second Best
Healthcare Medical
$4.12M
$3.61M – $4.81M
NOI $288,475 @ 7.0% cap · market cap 5.89%
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
Explore this area
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
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
