Turnkey Professional Office
For Sale
Contact for pricing
200 East Palmetto Park Road, Boca Raton, FL 33432
Move-in ready office layout with private offices, central glass conference room, and an in-suite break area.
Property Size4,196 SF
Days on Market139
Property Features for 200 East Palmetto Park Road
General Information
Standard status
Active
Size
4,196 SF
Class
A
Property subtype
Retail/Office
Lease Term
NNN
Building Details
Building Size
4,196 SF
Properties For Sale
at 200 East Palmetto Park Road
Class A Retail/Office Space for Lease | Downtown Boca Raton
Size
4,196 SF
Term
Negotiable
Listed By:
Brian T. Ahearn, CCIM
(954) 937-4540
Source:
Butters
Added: Jun 14
Changed: Oct 26
Last Checked: Oct 28 at 6:52AM
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 Brian T. Ahearn, CCIM
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Investment Insights
Based on property information with market context.
This sublease opportunity includes Suites 101 & 104 in a professional office setting designed for a client-facing environment. The space is currently configured as an established real estate office with eight private offices arranged around a central, glass-enclosed conference room. The conference room serves as the hub for meetings and collaboration while the glass design keeps the area bright and open, with acoustic privacy supported by the enclosed configuration.
The suite also includes a dedicated break room with an in-unit sink and refrigerator, plus a table and seating area for day-to-day use. Restroom facilities are located immediately outside the office, providing convenient access for employees and visitors without removing interior space dedicated to work areas.
Suites 101 & 104 are offered as a turnkey environment with an efficient, professional layout. The furniture condition is flexible, as the space can come furnished if wanted or furniture can be removed to suit an incoming user’s preferences. Built for structured workflow with separation between private offices and the central meeting area, the space can support a range of professional services needs, including real estate, legal, and financial advisory operations.
The suite also includes a dedicated break room with an in-unit sink and refrigerator, plus a table and seating area for day-to-day use. Restroom facilities are located immediately outside the office, providing convenient access for employees and visitors without removing interior space dedicated to work areas.
Suites 101 & 104 are offered as a turnkey environment with an efficient, professional layout. The furniture condition is flexible, as the space can come furnished if wanted or furniture can be removed to suit an incoming user’s preferences. Built for structured workflow with separation between private offices and the central meeting area, the space can support a range of professional services needs, including real estate, legal, and financial advisory operations.
Key Highlights
- Sublease suites 101 & 104 at 200 W Palmetto Park Road in Boca Raton; built in 1982.
- Move‑in ready, fully built‑out real estate office layout with eight private offices.
- Central glass‑enclosed conference room with acoustic privacy for meetings and presentations.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,215
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,224,300
$2.2M
Cap Rate 7%
$1,588,786
$1.6M
Cap Rate 9%
$1,235,722
$1.2M
Market Conditions
NOI Build-Up for 4,196 SF
Gross rent
$191.3K $45.60/SF
− Vacancy
−$43.1K −$10.26/SF
EGI
$148.3K $35.34/SF
− OpEx
−$37.1K −$8.84/SF
NOI
$111.2K $26.51/SF
Area
Palm Beach County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,224,300
Cap Rate 7%
$1,588,786
Cap Rate 9%
$1,235,722
Alternative Uses
Best Use
Office B
$1.59M
$1.39M – $1.85M
NOI $111,215 @ 7.0% cap · market cap 247,144.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.96M
$2.59M – $3.45M
NOI $206,854 @ 7.0% cap · market cap 459,675.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,999
Businesses Nearby
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Business Placement
Demographics for 33432, FL
22,061
Population
14,405
Households
1.5
Avg Household Size
52
Median Age
58%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
4,796
Density / Sq Mi
$94,375
Median Household Income
$54,481
Median Earnings
$2,226
Median Rent
$943,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Move-in ready office layout with private offices, central glass conference room, and an in-suite break area.
Where is this office unit located?
The property is located at 200 East Palmetto Park Road Boca Raton, FL.
What are key features of this property?
This property features: Sublease suites 101 & 104 at 200 W Palmetto Park Road in Boca Raton; built in 1982.; Move‑in ready, fully built‑out real estate office layout with eight private offices.; Central glass‑enclosed conference room with acoustic privacy for meetings and presentations.
