Single-Story Office
For Sale
Contact for pricing
202 Palm Court, Delray Beach, FL 33444
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 Market159
Property Features for 202 Palm Court
General Information
Standard status
Active
Size
3,548 SF
Total Parking Spaces
7
Lot size
0.48 Acres
Property subtype
Office, Retail
Zoning
RO
Building Details
Year Built
1949
Stories
1
Units
1
Listing Agency:
Nextera Realty
Listed By:
Nicholas Arsali · License #B26029803
(561) 740-1320
Source:
Crexi
Added: May 18
Changed: Oct 16
Last Checked: Oct 23 at 6:41AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,040
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,880,800
$1.9M
Cap Rate 7%
$1,343,429
$1.3M
Cap Rate 9%
$1,044,889
$1.0M
Market Conditions
NOI Build-Up for 3,548 SF
Gross rent
$161.8K $45.60/SF
− Vacancy
−$36.4K −$10.26/SF
EGI
$125.4K $35.34/SF
− OpEx
−$31.3K −$8.84/SF
NOI
$94.0K $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%
$1,880,800
Cap Rate 7%
$1,343,429
Cap Rate 9%
$1,044,889
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,376
Businesses Nearby
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Business Placement
Demographics for 33444, FL
22,671
Population
10,469
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
84%
High-School Grad
5.0 sq mi
ZIP Area
4,534
Density / Sq Mi
$74,803
Median Household Income
$37,915
Median Earnings
$1,712
Median Rent
$425,200
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 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
