Furnished Office
For Sale
Contact for pricing
306 NE 2nd St Unit 13, Delray Beach, FL 33483
Flexible office suites include utilities, high-speed WiFi, janitorial service, and parking for tenants, employees, and clients.
Property Size6,011 SF
Price / SF$0.16
Days on Market50
Property Features for 306 NE 2nd St Unit 13
General Information
Standard status
Active
Size
6,011 SF
Additional Details
Furnished
Yes
Amenities
marble paved entry plaza and desert garden
waiting area / retail lobby
WiFi high speed internet
electric and water all included
common area janitorial
Building Details
Year Built
1948
Tenancy
Multi
Listing Agency:
Van Arnem Properties Inc.
Listed By:
Tammy L Springer · License #3070330
(586) 873-5573
Source:
Wesellhomes
Added: Sep 4
Changed: Oct 8
Last Checked: Oct 23 at 8:24AM
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 Van Arnem Properties Inc.
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Investment Insights
Based on property information with market context.
This 6,011-square-foot office property, built in 1948, provides multiple suites within a fully furnished setting. Interior features include Southwestern design elements, custom artwork, furnishings, a waiting area, and a retail-style lobby. The entrance is finished with a marble-paved plaza and landscaped desert garden.
Operational amenities include high-speed WiFi, electric service, water, common-area janitorial service, and on-site parking for tenants, employees, and clients. Flexible access is available without stated hour restrictions, while month-to-month lease terms provide occupancy flexibility. The property is located in Downtown Delray Beach.
Operational amenities include high-speed WiFi, electric service, water, common-area janitorial service, and on-site parking for tenants, employees, and clients. Flexible access is available without stated hour restrictions, while month-to-month lease terms provide occupancy flexibility. The property is located in Downtown Delray Beach.
Key Highlights
- 6,011 SF office property built in 1948
- Multiple furnished office suites with Southwestern décor and custom artwork
- Marble‑paved entry plaza with desert garden
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$159,322
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,186,440
$3.2M
Cap Rate 7%
$2,276,029
$2.3M
Cap Rate 9%
$1,770,244
$1.8M
Market Conditions
NOI Build-Up for 6,011 SF
Gross rent
$274.1K $45.60/SF
− Vacancy
−$61.7K −$10.26/SF
EGI
$212.4K $35.34/SF
− OpEx
−$53.1K −$8.84/SF
NOI
$159.3K $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%
$3,186,440
Cap Rate 7%
$2,276,029
Cap Rate 9%
$1,770,244
Alternative Uses
Best Use
Office B
$2.28M
$1.99M – $2.66M
NOI $159,322 @ 7.0% cap · market cap 16,770.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.23M
$3.70M – $4.94M
NOI $296,330 @ 7.0% cap · market cap 31,192.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,672
Businesses Nearby
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Business Placement
Demographics for 33483, FL
13,103
Population
9,493
Households
1.4
Avg Household Size
59
Median Age
57%
College-Educated
93%
High-School Grad
3.8 sq mi
ZIP Area
3,448
Density / Sq Mi
$117,854
Median Household Income
$60,502
Median Earnings
$2,306
Median Rent
$755,700
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 unit - Flexible office suites include utilities, high-speed WiFi, janitorial service, and parking for tenants, employees, and clients.
Where is this office unit located?
The property is located at 306 NE 2nd St Unit 13 Delray Beach, FL.
What are key features of this property?
This property features: 6,011 SF office property built in 1948; Multiple furnished office suites with Southwestern décor and custom artwork; Marble‑paved entry plaza with desert garden
