Medical Office Suite with Treatment
For Sale
$1,175,000
201-1500 Nw 10th Ave, Boca Raton, FL 33486
Medical office space with seven treatment rooms and four bathrooms, suited for shared or flexible clinical operations.
Property Size2,616 SF
Lot Size1.38 Acres
Price / SF$449.16
Days on Market57
Property Features for 201-1500 Nw 10th Ave
General Information
Standard status
Active
Size
2,616 SF
Lot size
1.38 Acres
Listing Agency:
The Keyes Company
(561) 558-5058
Listed By:
Mauricio Y. Levi
(561) 558-5058
Source:
Exprealty
Added: Jun 9
Changed: Jul 10
Last Checked: Jul 31 at 7:54PM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This sale offering includes a medical office suite with approximately 2,616 square feet and an existing medical build-out. The interior is configured with seven treatment rooms and four bathrooms, supporting efficient patient flow and clinical use. The layout is designed to accommodate different practice needs, including the ability for physicians to share the space and reconfigure it as required.
The property is positioned within a medical corridor in Boca Raton, Florida, and is described as being strategically near Boca Raton Regional Hospital. A 60,202-square-foot medical office building with seven medical units is situated on 1.382 acres and includes ample on-site parking to support patient and staff access.
For buyers or operators seeking an established medical configuration, the combination of dedicated treatment rooms, multiple bathrooms, and flexible interior arrangement can help streamline day-to-day operations. The property’s setting within an established medical corridor may also align well with practices looking for proximity to regional healthcare services. Appointments are required and instructions are in place not to disturb the owner or reception.
The property is positioned within a medical corridor in Boca Raton, Florida, and is described as being strategically near Boca Raton Regional Hospital. A 60,202-square-foot medical office building with seven medical units is situated on 1.382 acres and includes ample on-site parking to support patient and staff access.
For buyers or operators seeking an established medical configuration, the combination of dedicated treatment rooms, multiple bathrooms, and flexible interior arrangement can help streamline day-to-day operations. The property’s setting within an established medical corridor may also align well with practices looking for proximity to regional healthcare services. Appointments are required and instructions are in place not to disturb the owner or reception.
Key Highlights
- Approximately 2,616 SF medical office suite in Boca Raton’s medical corridor near Boca Raton Regional Hospital
- Suite includes 7 treatment rooms and 4 bathrooms, supporting efficient clinical operations
- Functional medical build‑out offers flexibility for shared space and reconfiguration for different practice needs
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $119.3k | $45.60 |
| − Vacancy | −$26.8k | −$10.26 |
| EGI | $92.4k | $35.34 |
| − OpEx | −$23.1k | −$8.84 |
| NOI | $69.3k | $26.51 |
2,616 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$990.5K
$866.7K – $1.16M
NOI $69,337 @ 7.0% cap · market cap 5.90%
Second Best
Healthcare Medical
$492.4K
$430.9K – $574.5K
NOI $34,468 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,963 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,461
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33486, FL
22,947
Population
9,583
Households
2.4
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
5.4 sq mi
ZIP Area
4,249
Density / Sq Mi
$113,575
Median Household Income
$58,526
Median Earnings
$2,226
Median Rent
$636,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space with seven treatment rooms and four bathrooms, suited for shared or flexible clinical operations.
Where is this medical office space located?
The property is located at 201-1500 Nw 10th Ave Boca Raton, FL.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Approximately 2,616 SF medical office suite in Boca Raton’s medical corridor near Boca Raton Regional Hospital; Suite includes 7 treatment rooms and 4 bathrooms, supporting efficient clinical operations; Functional medical build‑out offers flexibility for shared space and reconfiguration for different practice needs
