Renovated Medical Office
New
For Sale
$1,750,000
2900 N MILITARY Trail #201, Boca Raton, FL 33431
Medical-ready interior includes patient exam and procedure rooms alongside dedicated staff and reception areas.
Property Size2,958 SF
Days on Market2
Property Features for 2900 N MILITARY Trail #201
General Information
Standard status
Active
Size
2,958 SF
Total Parking Spaces
150
Zoning
PO&I (city)
Taxes and HOA fees
Annual Taxes
$18,580
Building Details
Building Size
2,958 SF
Year Built
1985
Stories
1
Listing Agency:
RE/MAX Experience
Listed By:
Krisztina G Kupfer · License #3266023
(954) 296-5155
Source:
Laerrealty
Added: Oct 19
Last Checked: Oct 19 at 3:45AM
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 RE/MAX Experience
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Investment Insights
Based on property information with market context.
This 2,958-square-foot medical office suite was built in 1985 and has been renovated. Its layout includes 8 exam rooms, 3 with sinks, plus 3 procedure rooms, reception and waiting areas, an employee lounge, 2 workstations, and 2 storage rooms.
The suite is at 2900 N Military Trail, Suite 201, in Boca Raton. Major roadways, residential communities, medical services, retail, and everyday amenities are nearby.
The suite is at 2900 N Military Trail, Suite 201, in Boca Raton. Major roadways, residential communities, medical services, retail, and everyday amenities are nearby.
Key Highlights
- 2,958‑square‑foot medical office suite
- 8 exam rooms, including 3 with sinks
- 3 procedure rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,402
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,568,040
$1.6M
Cap Rate 7%
$1,120,029
$1.1M
Cap Rate 9%
$871,133
$871.1K
Market Conditions
NOI Build-Up for 2,958 SF
Gross rent
$134.9K $45.60/SF
− Vacancy
−$30.3K −$10.26/SF
EGI
$104.5K $35.34/SF
− OpEx
−$26.1K −$8.84/SF
NOI
$78.4K $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%
$1,568,040
Cap Rate 7%
$1,120,029
Cap Rate 9%
$871,133
Alternative Uses
Best Use
Office B
$1.12M
$980.0K – $1.31M
NOI $78,402 @ 7.0% cap · market cap 4.48%
Second Best
Healthcare Medical
$556.8K
$487.2K – $649.6K
NOI $38,975 @ 7.0% cap · market cap 2.23%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,823 @ 7.0% cap · market cap 8.33%
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
1,247
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33431, FL
22,047
Population
9,005
Households
2.4
Avg Household Size
33
Median Age
58%
College-Educated
94%
High-School Grad
8.3 sq mi
ZIP Area
2,656
Density / Sq Mi
$103,252
Median Household Income
$23,794
Median Earnings
$2,361
Median Rent
$575,700
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
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical-ready interior includes patient exam and procedure rooms alongside dedicated staff and reception areas.
Where is this medical office space located?
The property is located at 2900 N MILITARY Trail #201 Boca Raton, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 2,958‑square‑foot medical office suite; 8 exam rooms, including 3 with sinks; 3 procedure rooms
