Medical Office Building with Treatment
For Sale
$309,000
Pending
236 SE 23rd Ave, Boynton Beach, FL 33435
Medical office building with three treatment rooms, reception area, and room for leasing or owner occupancy.
Property Size1,511 SF
Days on Market3853
Property Features for 236 SE 23rd Ave
General Information
Standard status
Pending
Size
1,511 SF
Property subtype
General Commercial
Additional Details
Asking Price
$599,000
Amenities
3
10 Parking Spaces.
60
Building Details
Year Built
1958
Buildings
2
Owner Occupied
Yes
Listing Agency:
LLG Asset Realty, LLC
(561) 770-8499
Listed By:
Carlos Dominguez
(561) 770-8499
Source:
Xome
Added: Jan 12, 2016
Changed: Jul 30
Last Checked: Jul 30 at 8:48PM
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 LLG Asset Realty, LLC
Investment Insights
Based on property information with market context.
This updated professional medical and therapy office building is configured for clinical use, including three treatment rooms, two additional offices, a reception area, an employee kitchenette, and two bathrooms. The interior is designed to support patient flow and day-to-day operations.
The property is located near Bethesda hospital with high traffic visibility. It includes exterior parking for 10 vehicles. Unit 236 is available for an end user to occupy or for a tenant to lease.
Built in 1958, the building offers a practical medical office layout for disciplines such as medical, dental, or chiropractic practice, along with the reception and support spaces needed for patient visits.
The property is located near Bethesda hospital with high traffic visibility. It includes exterior parking for 10 vehicles. Unit 236 is available for an end user to occupy or for a tenant to lease.
Built in 1958, the building offers a practical medical office layout for disciplines such as medical, dental, or chiropractic practice, along with the reception and support spaces needed for patient visits.
Key Highlights
- Three treatment rooms plus two offices
- Reception area and employee kitchenette
- Two bathrooms for patient and staff use
Financial Insights For Healthcare Medical
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 | $36.3k | $24.00 |
| − Vacancy | −$3.1k | −$2.04 |
| EGI | $33.2k | $21.96 |
| − OpEx | −$13.3k | −$8.78 |
| NOI | $19.9k | $13.18 |
1,511 SF · lease $24.00/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$572.1K
$500.6K – $667.5K
NOI $40,049 @ 7.0% cap · market cap 12.96%
Second Best
Healthcare Medical
$284.4K
$248.9K – $331.8K
NOI $19,909 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$1.06M
$931.1K – $1.24M
NOI $74,489 @ 7.0% cap · market cap 24.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,364
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33435, FL
37,318
Population
20,058
Households
1.9
Avg Household Size
45
Median Age
32%
College-Educated
85%
High-School Grad
6.5 sq mi
ZIP Area
5,741
Density / Sq Mi
$66,612
Median Household Income
$35,488
Median Earnings
$1,846
Median Rent
$306,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building with three treatment rooms, reception area, and room for leasing or owner occupancy.
Where is this medical office space located?
The property is located at 236 SE 23rd Ave Boynton Beach, FL.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: Three treatment rooms plus two offices; Reception area and employee kitchenette; Two bathrooms for patient and staff use
