Medical Office Surgical
1501 Presidential Way Unit 9 West Palm Beach, FL 33401
1501 Presidential Way Unit 9, West Palm Beach, FL, 33401
$399,900
For Sale
$399,900
Former surgical center space with a patient lobby, recovery area for 3+ beds, and a dedicated surgery room.
Property Size1,156 SF
Price / SF$345.93
Days on Market70
Property Features for 1501 Presidential Way Unit 9
General Information
- Standard status
- Active
- Size
- 1,156 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1979
Listing Agency
(609) 937-0123
Listed by
Premier Listings
(609) 937-0123
Source
Xome
Added: May 10 Checked: Jul 18 at 2:54 am
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 Premier Listings
Investment Insights
Based on property information with market context.
This medical/commercial unit was formerly used as a surgical center and is arranged with a formal patient lobby. Interior improvements include a recovery area with space for 3+ beds and a dedicated surgery room, along with a staff break area and private and patient restroom rooms.
The property is located at 1501 Presidential Way Unit 9 in West Palm Beach, within walking distance to dining, shopping, and banking, including Palm Beach Tanger Outlets. It is also described as just minutes from Downtown West Palm Beach, the courthouse, Palm Beach International Airport, and major hospitals including Good Samaritan, St. Mary’s, and HCA JFK North.
The listing notes 2025 tax for Unit 9 of $4,530.54 and annual HOA dues of $9,743.00.
The property is located at 1501 Presidential Way Unit 9 in West Palm Beach, within walking distance to dining, shopping, and banking, including Palm Beach Tanger Outlets. It is also described as just minutes from Downtown West Palm Beach, the courthouse, Palm Beach International Airport, and major hospitals including Good Samaritan, St. Mary’s, and HCA JFK North.
The listing notes 2025 tax for Unit 9 of $4,530.54 and annual HOA dues of $9,743.00.
Key Highlights
- Former surgical center space with a formal patient lobby and a dedicated surgery room
- Recovery area with space for 3+ beds, plus staff break area
- Includes private and patient rest rooms
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.1k | $25.20 |
| − Vacancy | −$2.2k | −$1.89 |
| EGI | $26.9k | $23.31 |
| − OpEx | −$10.8k | −$9.32 |
| NOI | $16.2k | $13.99 |
1,156 SF · lease $25.20/SF/yr · vacancy 7.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$575.7K
$503.7K – $671.6K
NOI $40,297 @ 7.0% cap · market cap 10.08%
Second Best
Healthcare Medical
$231.0K
$202.1K – $269.5K
NOI $16,168 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$814.1K
$712.4K – $949.8K
NOI $56,988 @ 7.0% cap · market cap 14.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Presidential medical plaza
Medical Clinic
Presidential Dental Center
Dental Office
Julie A. Kennedy, DMD ...
Dental Office
Dr. Rory E. ...
Dental Office
David Ferlita D.M.D
Dental Office
Similar For Sale Nearby
Similar Off Market Nearby
- Banfield Pet Hospital — 1875 Palm Beach Lakes Blvd A09, West Palm Beach, FL 33401
FAQs
What type of property is this?
Medical Office Space - Former surgical center space with a patient lobby, recovery area for 3+ beds, and a dedicated surgery room.
Where is this medical office space located?
The property is located at 1501 Presidential Way Unit 9 West Palm Beach, FL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Former surgical center space with a formal patient lobby and a dedicated surgery room; Recovery area with space for 3+ beds, plus staff break area; Includes private and patient rest rooms
