Medical Office with Surgery
New
For Sale
$390,000
1501 PRESIDENTIAL Way 9, West Palm Beach, FL 33401
Patient reception, a three-bed recovery area, and staff facilities are arranged for healthcare or wellness use.
Property Size1,156 SF
Days on Market5
Property Features for 1501 PRESIDENTIAL Way 9
General Information
Standard status
Active
Size
1,156 SF
Property subtype
Business
Additional Details
HOA Fee
$811.92
Taxes and HOA fees
Annual Taxes
$4,530
Building Details
Building Size
1,156 SF
Year Built
1979
Listing Agency:
Premier Listings
Listed By:
Sean Guerrier · License #3381718
(609) 937-0123
Source:
Darlenestreit
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 11 at 1:01PM
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.
Unit 9 is a medical office built in 1979, with a patient reception lobby, dedicated surgery room, and recovery space for 3+ beds. The layout also includes staff break space and separate private and patient restrooms, with features suited to healthcare or wellness practices.
Dining, retail, and banking are within walking distance, including Palm Beach Tanger Outlets. The property is also near Downtown West Palm Beach, the courthouse, Palm Beach International Airport, and Good Samaritan, St. Mary's, and HCA JFK North hospitals.
Dining, retail, and banking are within walking distance, including Palm Beach Tanger Outlets. The property is also near Downtown West Palm Beach, the courthouse, Palm Beach International Airport, and Good Samaritan, St. Mary's, and HCA JFK North hospitals.
Key Highlights
- Surgery room, patient lobby, and recovery space for 3+ beds
- Separate private and patient restrooms, plus a staff break area
- Unit 9 medical office; year built 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,168
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,360
$323.4K
Cap Rate 7%
$230,971
$231.0K
Cap Rate 9%
$179,644
$179.6K
Market Conditions
NOI Build-Up for 1,156 SF
Gross rent
$29.1K $25.20/SF
− Vacancy
−$2.2K −$1.89/SF
EGI
$26.9K $23.31/SF
− OpEx
−$10.8K −$9.32/SF
NOI
$16.2K $13.99/SF
Area
West Palm Beach, FL
Vacancy
7.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,360
Cap Rate 7%
$230,971
Cap Rate 9%
$179,644
Alternative Uses
Best Use
Office B
$575.7K
$503.7K – $671.6K
NOI $40,297 @ 7.0% cap · market cap 10.33%
Second Best
Healthcare Medical
$231.0K
$202.1K – $269.5K
NOI $16,168 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$814.1K
$712.4K – $949.8K
NOI $56,988 @ 7.0% cap · market cap 14.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,628
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33401, FL
31,302
Population
19,051
Households
1.6
Avg Household Size
40
Median Age
42%
College-Educated
89%
High-School Grad
5.1 sq mi
ZIP Area
6,138
Density / Sq Mi
$60,942
Median Household Income
$39,932
Median Earnings
$1,774
Median Rent
$430,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Banfield Pet Hospital — 1875 Palm Beach Lakes Blvd A09, West Palm Beach, FL 33401
Frequently Asked Questions
What type of property is this?
Medical Office Space - Patient reception, a three-bed recovery area, and staff facilities are arranged for healthcare or wellness use.
Where is this medical office space located?
The property is located at 1501 PRESIDENTIAL Way 9 West Palm Beach, FL.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Surgery room, patient lobby, and recovery space for 3+ beds; Separate private and patient restrooms, plus a staff break area; Unit 9 medical office; year built 1979
