Medical Office Space with Multiple
New
For Sale
Contact for pricing
2809 Poinsettia Avenue, West Palm Beach, FL 33407
Furnished interiors include private offices, shared work areas, and group therapy rooms.
Property Size2,252 SF
Price / SF$3.11
Days on Market4
Property Features for 2809 Poinsettia Avenue
General Information
Standard status
Active
Size
2,252 SF
Property subtype
Office
Space & Availability
Condition
Move-in Ready
Furnished
Yes
Site & Location
Neighborhood
Old Northwood Historic Neighborhood
Additional Details
Office Units
3
Property Use
Medical Office
Medical Specialty
Mental Health, Substance Abuse, Physician, Ambulatory Health Service
Building Details
Year Built
1963
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Matthew T. McGeever · License #3418446
(561) 570-2000
Source:
Lehmannflorida
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 3:28AM
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 LoKation
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Investment Insights
Based on property information with market context.
Medical office space at 2809 Poinsettia Avenue is arranged with private and shared offices alongside group therapy rooms. The furnished property has three city-sanctioned suite numbers, each with its own entrance and address, and was built in 1963. The space is also available for office use.
Current facility licenses cover two outpatient mental health and substance abuse services, one physician office, and two other miscellaneous ambulatory health services. The property also holds a Standard Health Care Clinic license from AHCA and is eligible for IOP/PHO. A future tenant must obtain any licenses it intends to use.
Current facility licenses cover two outpatient mental health and substance abuse services, one physician office, and two other miscellaneous ambulatory health services. The property also holds a Standard Health Care Clinic license from AHCA and is eligible for IOP/PHO. A future tenant must obtain any licenses it intends to use.
Key Highlights
- Three city‑sanctioned suite numbers, each with an individual entrance and address
- Current licenses: Outpatient Mental Health & Substance Abuse x2, Office of Physician x1, Other Misc Ambulatory Health Service x2
- Also holds a Standard Health Care Clinic license from AHCA; eligible for IOP/PHO
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,496
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,920
$629.9K
Cap Rate 7%
$449,943
$449.9K
Cap Rate 9%
$349,956
$350.0K
Market Conditions
NOI Build-Up for 2,252 SF
Gross rent
$56.8K $25.20/SF
− Vacancy
−$4.3K −$1.89/SF
EGI
$52.5K $23.31/SF
− OpEx
−$21.0K −$9.32/SF
NOI
$31.5K $13.99/SF
Area
West Palm Beach, FL
Vacancy
7.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,920
Cap Rate 7%
$449,943
Cap Rate 9%
$349,956
Alternative Uses
Best Use
Office B
$1.12M
$981.3K – $1.31M
NOI $78,502 @ 7.0% cap · market cap 1,121.46%
Second Best
Healthcare Medical
$449.9K
$393.7K – $524.9K
NOI $31,496 @ 7.0% cap · market cap 449.94%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,019 @ 7.0% cap · market cap 1,585.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
890
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 33407, FL
34,558
Population
15,147
Households
2.3
Avg Household Size
35
Median Age
26%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
3,491
Density / Sq Mi
$56,606
Median Household Income
$34,886
Median Earnings
$1,551
Median Rent
$290,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Clear Lake Animal Hospital — 2725 N Australian Ave, West Palm Beach, FL 33407
- Dr. Stuart H. Fox, MD — 3001 Broadway, West Palm Beach, FL 33407
Frequently Asked Questions
What type of property is this?
Medical Office Space - Furnished interiors include private offices, shared work areas, and group therapy rooms.
Where is this medical office space located?
The property is located at 2809 Poinsettia Avenue West Palm Beach, FL.
What are key features of this property?
This property features: Three city‑sanctioned suite numbers, each with an individual entrance and address; Current licenses: Outpatient Mental Health & Substance Abuse x2, Office of Physician x1, Other Misc Ambulatory Health Service x2; Also holds a Standard Health Care Clinic license from AHCA; eligible for IOP/PHO
