Private Medical Office
For Sale
Contact for pricing
1690 S Congress Avenue Suite 212, Delray Beach, FL 33445
Renovated professional offices include shared waiting and break areas, utilities, Wi-Fi, and round-the-clock access.
Property Size10,750 SF
Price / SF$0.00
Days on Market14
Property Features for 1690 S Congress Avenue Suite 212
General Information
Standard status
Active
Size
10,750 SF
Property subtype
Business
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Amenities
waiting area
break room
high-speed Wi-Fi
central A/C and heat
security systems
24/7 access
common-area support
promotional visibility
Building Details
Year Built
1982
Tenancy
Multi
Listing Agency:
Compass Florida LLC
(561) 285-4794
Listed By:
Philip DeCarlo · License #3469345
(917) 531-2229
Source:
Lehmannflorida
Added: Oct 8
Changed: Oct 21
Last Checked: Oct 21 at 2:32AM
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 Compass Florida LLC
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Investment Insights
Based on property information with market context.
Choice Wellness Suites offers more than 30 private medical and wellness offices at 1690 S. Congress Avenue in Delray Beach. Options include interior and windowed suites, with configurations and select plumbing features varying by availability. The renovated setting includes a waiting area, break room, central air conditioning and heat, security systems, and access to electric, water, and high-speed Wi-Fi. The building was constructed in 1982, and suite access is available 24/7.
The property is on S. Congress Avenue, with access to I-95, Linton Boulevard, and Atlantic Avenue. Its stated service area includes Delray Beach, Boca Raton, Boynton Beach, Highland Beach, and surrounding South Palm Beach County communities.
The suites are intended for independent medical and wellness practitioners. Potential uses are subject to landlord approval, zoning, licensing, and applicable regulations.
The property is on S. Congress Avenue, with access to I-95, Linton Boulevard, and Atlantic Avenue. Its stated service area includes Delray Beach, Boca Raton, Boynton Beach, Highland Beach, and surrounding South Palm Beach County communities.
The suites are intended for independent medical and wellness practitioners. Potential uses are subject to landlord approval, zoning, licensing, and applicable regulations.
Key Highlights
- More than 30 private medical and wellness office suites
- Interior and windowed suite options; select configurations include plumbing features
- Shared waiting area and break room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,642
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,832,840
$2.8M
Cap Rate 7%
$2,023,457
$2.0M
Cap Rate 9%
$1,573,800
$1.6M
Market Conditions
NOI Build-Up for 10,750 SF
Gross rent
$258.0K $24.00/SF
− Vacancy
−$21.9K −$2.04/SF
EGI
$236.1K $21.96/SF
− OpEx
−$94.4K −$8.78/SF
NOI
$141.6K $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%
$2,832,840
Cap Rate 7%
$2,023,457
Cap Rate 9%
$1,573,800
Alternative Uses
Best Use
Office B
$4.07M
$3.56M – $4.75M
NOI $284,929 @ 7.0% cap · market cap 2,849,290.00%
Second Best
Healthcare Medical
$2.02M
$1.77M – $2.36M
NOI $141,642 @ 7.0% cap · market cap 1,416,420.00%
Theoretical Best
Office A
$7.57M
$6.62M – $8.83M
NOI $529,953 @ 7.0% cap · market cap 5,299,530.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Banfield Pet Hospital — 620 Linton Blvd ste. 235, Delray Beach, FL 33444
Frequently Asked Questions
What type of property is this?
Medical Office Space - Renovated professional offices include shared waiting and break areas, utilities, Wi-Fi, and round-the-clock access.
Where is this medical office space located?
The property is located at 1690 S Congress Avenue Suite 212 Delray Beach, FL.
What are key features of this property?
This property features: More than 30 private medical and wellness office suites; Interior and windowed suite options; select configurations include plumbing features; Shared waiting area and break room
