405-5353 Atlantic Ave, Delray Beach, FL 33484
Office/medical end unit condo for sale with condo fees covering water, trash, and exterior maintenance.
- Added:
- Dec 8, 2025
- Days on Market:
- 182
- Last Refresh:
- Jun 7 at 1:47 am
Property Features for 405-5353 Atlantic Ave
General Information
- Standard status
- Active
- Size
- 1,125 SF
Listing agent Susan Denning (786) 223-1810
Listing office Coldwell Banker Realty (786) 223-1810
Listing date Dec 8, 2025
Source Exprealty
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 Coldwell Banker Realty
HighLights
- Office/medical condo end unit in Delray Beach
- Approx. 1,125 SF for office/medical professional use
- Condo fees include water, trash, and exterior maintenance
Overview
Located on Atlantic Avenue in Delray Beach, the end unit position provides a distinct configuration within the condominium environment. Condo fees are stated to include water, trash, and exterior maintenance, which can simplify monthly ownership budgeting for an operator or investor.
For tenants, buyers, or owners looking for an office or medical practice location, the confirmed medical/professional use alignment is a key consideration. The condo structure also supports a more controlled, contained occupancy model compared with traditional leases, while the included fee items can reduce the need to separately manage certain utilities and exterior upkeep.
Local Financial Insights For Office B
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 | $51.3k | $45.60 |
| − Vacancy | −$11.5k | −$10.26 |
| EGI | $39.8k | $35.34 |
| − OpEx | −$9.9k | −$8.84 |
| NOI | $29.8k | $26.51 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Mayfair Animal Hospital — 525 SE 6th Ave, Delray Beach, FL 33483
Location Insight
- Map
- Local Demand
- City
- Delray Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0689188
- Latitude
- 26.461936
