Medical Office with Procedure
New
For Sale
$390,000
1501 PRESIDENTIAL Way, West Palm Beach, FL
Commercial Sale, West Palm Beach, FL
Property Size1,156 SF
Lot Size1.00 Acre
Price / SF$337.37
Days on Market4
Property Features for 1501 PRESIDENTIAL Way
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CPD (city)
Parking
9
Lot features
Interior Lot, Landscaped, Sidewalks
Directions
I-95 to Palm Beach Lakes, north on Congress Avenue, and turn right on Presidential Way.
Subdivision
5410
Standard status
Active
APN
74434317200000090
Size
1,156 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Description
PRESIDENTIAL MEDICAL PLAZA COND UNIT 9
Tax Annual Amount
4531
HOA Fee
$812 Monthly
Legal Description
PRESIDENTIAL MEDICAL PLAZA COND UNIT 9
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1979
Floors in Building
1
Number of units
2
Flooring type
Laminate, Tile, Concrete
Building materials
Block, CBS, Concrete
Roof type
Barrel
Listing Agency:
Premier Listings
(844) 521-7653
Listed By:
Sean Guerrier · License #3381718
(609) 937-0123
Added: Oct 6
Changed: Oct 9
Last Checked: Oct 9 at 2:06PM
MLS# B26086076
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,156-square-foot medical office in West Palm Beach was built in 1979 and previously operated as a surgical center. Its interior includes a patient reception lobby, a procedure room, a recovery area designed for 3+ beds, a staff break space, and separate private and patient restrooms. Central heating and air conditioning serve the space, with concrete, laminate, and tile flooring. The property is zoned CPD (city).
Dining, retail, and banking are within walking distance. Downtown West Palm Beach, the courthouse, Palm Beach International Airport, and Good Samaritan, St. Mary's, and HCA JFK North hospitals are also identified as nearby destinations.
Dining, retail, and banking are within walking distance. Downtown West Palm Beach, the courthouse, Palm Beach International Airport, and Good Samaritan, St. Mary's, and HCA JFK North hospitals are also identified as nearby destinations.
Key Highlights
- Former surgical center with a dedicated procedure room and recovery area for 3+ beds
- 1,156 square feet of medical office space
- Reception lobby, staff break area, and separate private and patient restrooms
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
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Current Use
Location Intelligence
Trade Area within ½ mile
1,635
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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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 - A former surgical suite includes patient and staff areas within a healthcare-oriented layout.
Where is this medical office space located?
The property is located at 1501 PRESIDENTIAL Way 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: Former surgical center with a dedicated procedure room and recovery area for 3+ beds; 1,156 square feet of medical office space; Reception lobby, staff break area, and separate private and patient restrooms
