Medical Office Suite with Exam
3347 S State Road 7 #204, Wellington, FL 33449
For Sale
$625,000
Second-floor space in a professional medical building includes a reception area, private bathroom, and ample parking.
Property Size1,102 SF
Price / SF$567.15
Days on Market309
Property Features for 3347 S State Road 7 #204
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Floor
Road Access
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Hansen R.E. Group; Inc.
Listed By:
Sarah Hansen
(561) 255-8255
Source:
Bernard-kelly
Added: Jan 5
Changed: Nov 7
Last Checked: Nov 8 at 4:45PM
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 Hansen R.E. Group; Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located on the second floor of a professional medical building, this 1,102-square-foot medical suite features two entry doors, a waiting area with a reception window, and three exam rooms with built-in cabinetry, counters, and sinks. Additional work areas and a separate office provide further functional space, while a private in-suite bathroom serves the suite. The building was constructed in 2007, and the property is zoned CC(cit.
The suite is at 3347 S State Road 7 in Wellington, minutes from WRMC and Palms West Hospitals. Access to State Road 7 includes a traffic light, and parking is available at the building.
The suite is at 3347 S State Road 7 in Wellington, minutes from WRMC and Palms West Hospitals. Access to State Road 7 includes a traffic light, and parking is available at the building.
Key Highlights
- 1,102‑square‑foot second‑floor medical suite
- Three exam rooms with built‑in cabinetry, counter space, and sinks
- Waiting area with reception window and two entry doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,154
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,080
$703.1K
Cap Rate 7%
$502,200
$502.2K
Cap Rate 9%
$390,600
$390.6K
Market Conditions
NOI Build-Up for 1,102 SF
Gross rent
$55.1K $50.04/SF
− Vacancy
−$8.3K −$7.51/SF
EGI
$46.9K $42.53/SF
− OpEx
−$11.7K −$10.63/SF
NOI
$35.2K $31.90/SF
Area
Palm Beach County, FL
Vacancy
15.00%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,080
Cap Rate 7%
$502,200
Cap Rate 9%
$390,600
Alternative Uses
Best Use
Office B
$502.2K
$439.4K – $585.9K
NOI $35,154 @ 7.0% cap · market cap 5.62%
Second Best
Healthcare Medical
$241.0K
$210.9K – $281.2K
NOI $16,871 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$776.1K
$679.1K – $905.4K
NOI $54,326 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33449, FL
9,920
Population
3,509
Households
2.8
Avg Household Size
47
Median Age
54%
College-Educated
96%
High-School Grad
16.3 sq mi
ZIP Area
609
Density / Sq Mi
$149,159
Median Household Income
$61,626
Median Earnings
$2,892
Median Rent
$625,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Medical Office Space in Palm Beach County, FL
Properties on Market for Medical Office Space in Palm Beach County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Second-floor space in a professional medical building includes a reception area, private bathroom, and ample parking.
Where is this medical office space located?
The property is located at 3347 S State Road 7 #204 Wellington, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 1,102‑square‑foot second‑floor medical suite; Three exam rooms with built‑in cabinetry, counter space, and sinks; Waiting area with reception window and two entry doors
