Medical Office Suite with
For Sale
Contact for pricing
16244 S Military Trail #120, Delray Beach, FL 33445
One or two rooms feature individual sinks and share reception and restroom facilities.
Property Size1,300 SF
Price / SF$0.77
Days on Market98
Property Features for 16244 S Military Trail #120
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Office
Building Details
Year Built
1986
Tenancy
Multi
Listing Agency:
Exclusive Florida Real Estate
(561) 855-3431
Listed By:
Alexander Braverman · License #589452
(561) 213-1051
Source:
Lehmannflorida
Added: Jul 29
Changed: Nov 1
Last Checked: Nov 1 at 5:54AM
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 Exclusive Florida Real Estate
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Investment Insights
Based on property information with market context.
The medical office suite at 16244 S Military Trail, Unit 120, in Delray Beach includes one or two rooms, each equipped with a sink. Occupants share a compact reception area and restroom with another tenant. Water, internet, and electrical service are included in the stated rent terms.
The suite is directly across from the hospital, providing a medical-focused setting. The property was built in 1986 and is identified as medical office space within a larger commercial office classification.
The suite is directly across from the hospital, providing a medical-focused setting. The property was built in 1986 and is identified as medical office space within a larger commercial office classification.
Key Highlights
- One or two medical office rooms available
- Each room includes an individual sink
- Shared reception area and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,129
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,580
$342.6K
Cap Rate 7%
$244,700
$244.7K
Cap Rate 9%
$190,322
$190.3K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$31.2K $24.00/SF
− Vacancy
−$2.7K −$2.04/SF
EGI
$28.5K $21.96/SF
− OpEx
−$11.4K −$8.78/SF
NOI
$17.1K $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%
$342,580
Cap Rate 7%
$244,700
Cap Rate 9%
$190,322
Alternative Uses
Best Use
Office B
$492.2K
$430.7K – $574.3K
NOI $34,457 @ 7.0% cap · market cap 3,445.70%
Second Best
Healthcare Medical
$244.7K
$214.1K – $285.5K
NOI $17,129 @ 7.0% cap · market cap 1,712.90%
Theoretical Best
Office A
$915.5K
$801.1K – $1.07M
NOI $64,087 @ 7.0% cap · market cap 6,408.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,293
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 33445, FL
32,265
Population
17,584
Households
1.8
Avg Household Size
51
Median Age
39%
College-Educated
90%
High-School Grad
8.1 sq mi
ZIP Area
3,983
Density / Sq Mi
$70,748
Median Household Income
$41,169
Median Earnings
$1,991
Median Rent
$282,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Imperial Point Animal Hospital of Delray — 16244 S Military Trl STE 340, Delray Beach, FL 33484
- Gary Edelson DVM — 16244 S Military Trl STE 340, Delray Beach, FL 33484
- Delray Pharmacy — 5130 Linton Blvd Ste F6, Delray Beach, FL 33484
Frequently Asked Questions
What type of property is this?
Medical Office Space - One or two rooms feature individual sinks and share reception and restroom facilities.
Where is this medical office space located?
The property is located at 16244 S Military Trail #120 Delray Beach, FL.
What are key features of this property?
This property features: One or two medical office rooms available; Each room includes an individual sink; Shared reception area and restroom
