Racetrack-Style Medical Office
For Sale
$1,900,000
2280 W Atlantic Avenue, Delray Beach, FL 33445
Single-story end cap medical office includes five private exam rooms, procedure bays, lab and x-ray room, and staff kitchen.
Property Size3,878 SF
Price / SF$489.94
Days on Market193
Property Features for 2280 W Atlantic Avenue
General Information
Standard status
Active
Size
3,878 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$22,087
Building Details
Building Size
3,878 SF
Year Built
1985
Stories
1
Listing Agency:
Tropical Realty
Listed By:
Marie K Seide · License #0618506
(561) 715-6217
Source:
Pamandtoni
Added: Apr 11
Changed: Oct 11
Last Checked: Oct 19 at 4:14PM
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 Tropical Realty
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Investment Insights
Based on property information with market context.
Single-story end cap medical office suite offering approximately 4,000 square feet under air. The space is arranged in a racetrack-style medical layout intended to support smooth patient flow. Features include five private exam rooms, three procedure and suturing bays, a lab setup, and an x-ray room. Additional amenities include a staff kitchen, five bathrooms, a front office area with separate bus/manager space, and a private doctors office in the rear with a private bath and back door entrance.
The property is located on a busy intersection of Atlantic Ave and Congress within a shopping center anchored by Walgreens, along with long-term tenants including a Chinese restaurant, Dunkin Donuts, and Subway. Plenty of parking is available, and the parking lot was recently resurfaced.
The configuration supports medical office use with exam rooms, procedure space, lab and imaging room, multiple restrooms, and dedicated staff and private physician areas.
The property is located on a busy intersection of Atlantic Ave and Congress within a shopping center anchored by Walgreens, along with long-term tenants including a Chinese restaurant, Dunkin Donuts, and Subway. Plenty of parking is available, and the parking lot was recently resurfaced.
The configuration supports medical office use with exam rooms, procedure space, lab and imaging room, multiple restrooms, and dedicated staff and private physician areas.
Key Highlights
- Single‑story end cap medical office with almost 4,000 sq ft under air
- Racetrack‑style layout designed for smooth patient traffic flow
- Features 5 private exam rooms plus 3 procedure & suturing bays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,786
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,055,720
$2.1M
Cap Rate 7%
$1,468,371
$1.5M
Cap Rate 9%
$1,142,067
$1.1M
Market Conditions
NOI Build-Up for 3,878 SF
Gross rent
$176.8K $45.60/SF
− Vacancy
−$39.8K −$10.26/SF
EGI
$137.0K $35.34/SF
− OpEx
−$34.3K −$8.84/SF
NOI
$102.8K $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%
$2,055,720
Cap Rate 7%
$1,468,371
Cap Rate 9%
$1,142,067
Alternative Uses
Best Use
Office B
$1.47M
$1.28M – $1.71M
NOI $102,786 @ 7.0% cap · market cap 5.41%
Second Best
Healthcare Medical
$730.0K
$638.7K – $851.6K
NOI $51,097 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$2.73M
$2.39M – $3.19M
NOI $191,177 @ 7.0% cap · market cap 10.06%
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
1,043
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 33445, FL
32,265
Population
17,584
Households
1.8
Avg Household Size
51
Median Age
39%
College-Educated
90%
High-School Grad
8.1 sq mi
ZIP Area
3,983
Density / Sq Mi
$70,748
Median Household Income
$41,169
Median Earnings
$1,991
Median Rent
$282,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Atlantic Animal Hospital — 1950 W Atlantic Ave, Delray Beach, FL 33444
Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-story end cap medical office includes five private exam rooms, procedure bays, lab and x-ray room, and staff kitchen.
Where is this medical office space located?
The property is located at 2280 W Atlantic Avenue Delray Beach, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Single‑story end cap medical office with almost 4,000 sq ft under air; Racetrack‑style layout designed for smooth patient traffic flow; Features 5 private exam rooms plus 3 procedure & suturing bays
