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 Market270
Property Features for 201-1500 Nw 10th Ave
General Information
Standard status
Active
Size
2,616 SF
Lot size
1.38 Acres
Taxes and HOA fees
Annual Taxes
$15,055
Listing Agency:
The Keyes Company
(561) 405-4960
Listed By:
Mauricio Y. Levi · License #3409602
(561) 558-5058
Source:
Exprealty
Added: Dec 22, 2025
Changed: Sep 10
Last Checked: Sep 18 at 7:53AM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,337
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,386,740
$1.4M
Cap Rate 7%
$990,529
$990.5K
Cap Rate 9%
$770,411
$770.4K
Market Conditions
NOI Build-Up for 2,616 SF
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.
Gross rent
$119.3K $45.60/SF
− Vacancy
−$26.8K −$10.26/SF
EGI
$92.4K $35.34/SF
− OpEx
−$23.1K −$8.84/SF
NOI
$69.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,386,740
Cap Rate 7%
$990,529
Cap Rate 9%
$770,411
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Compassionate Care Animal Clinic — 1289 W Palmetto Park Rd, Boca Raton, FL 33486
- Palmetto Veterinary Clinic — 1289 W Palmetto Park Rd, Boca Raton, FL 33486
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
