Single-Story Office
202 Palm Court Delray Beach, FL 33444
202 Palm Court, Delray Beach, FL, 33444
Contact for pricing
For Sale
Contact for pricing
Single-floor office building on a 0.48-acre lot, zoned RO for medical, wellness, education, or office use.
Property Size3,548 SF
Lot Size0.48 Acres
Price / SF$436.87
Days on Market66
Property Features for 202 Palm Court
General Information
- Standard status
- Active
- Size
- 3,548 SF
- Lot size
- 0.48 Acres
- Property subtype
- Business for Sale
Building Details
- Year Built
- 1949
Listing agency
Nextera Realty
(561) 740-1320
Listed by
Nicholas Arsali · License #B26029803
Source
Crexi
Added: May 18 Updated: Jul 22 at 10:07AM Checked: Jul 22 at 10:07AM
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 Nextera Realty
Investment Insights
Based on property information with market context.
A large single-floor office building sits on a 0.48-acre lot and is ready for immediate redesign or build-out. The property is well-suited for users seeking to shape the space to their requirements within a flexible zoning framework.
The site is located just steps from East Atlantic Avenue in Delray Beach, Florida. Zoning is RO, allowing for residential, educational, medical, wellness, or office use.
Offered for sale at 202 Palm Court, this building provides an established footprint for a straightforward interior redesign or a more extensive build-out plan, consistent with the permitted uses under the RO zoning designation.
The site is located just steps from East Atlantic Avenue in Delray Beach, Florida. Zoning is RO, allowing for residential, educational, medical, wellness, or office use.
Offered for sale at 202 Palm Court, this building provides an established footprint for a straightforward interior redesign or a more extensive build-out plan, consistent with the permitted uses under the RO zoning designation.
Key Highlights
- 0.48‑acre lot in Delray Beach with a single‑floor office building (Year Built 1949)
- Zoned RO for residential, educational, medical, wellness, or office use
- Ready for immediate redesign or build‑out
Local 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 | $161.8k | $45.60 |
| − Vacancy | −$36.4k | −$10.26 |
| EGI | $125.4k | $35.34 |
| − OpEx | −$31.3k | −$8.84 |
| NOI | $94.0k | $26.51 |
3,548 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.34M
$1.18M – $1.57M
NOI $94,040 @ 7.0% cap · market cap 6.07%
Second Best
Healthcare Medical
$667.8K
$584.4K – $779.1K
NOI $46,748 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $174,909 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sipporta
Hotel & Motel
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Single-floor office building on a 0.48-acre lot, zoned RO for medical, wellness, education, or office use.
Where is this office building located?
The property is located at 202 Palm Court Delray Beach, FL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 0.48‑acre lot in Delray Beach with a single‑floor office building (Year Built 1949); Zoned RO for residential, educational, medical, wellness, or office use; Ready for immediate redesign or build‑out
