Medical Office End Unit
405-5353 Atlantic Ave Delray Beach, FL 33484
For Sale
$450,000
Pending
Office/medical end unit condo for sale with condo fees covering water, trash, and exterior maintenance.
Property Size1,125 SF
Days on Market54
Property Features for 405-5353 Atlantic Ave
General Information
Standard status
Pending
Size
1,125 SF
Listing Agency:
Coldwell Banker Realty
(786) 223-1810
Listed By:
Susan Denning
(786) 223-1810
Source:
Exprealty
Added: Jun 6
Changed: Jul 10
Last Checked: Jul 25 at 5:03PM
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
Investment Insights
Based on property information with market context.
This for-sale office/medical condo is an end unit configured as a professional space, totaling 1,125 square feet. The property is specifically suited for medical and professional office use, offering a condo setup designed for straightforward occupancy and ownership.
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.
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.
Key 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
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 |
1,125 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$426.0K
$372.7K – $497.0K
NOI $29,818 @ 7.0% cap · market cap 6.63%
Second Best
Healthcare Medical
$211.8K
$185.3K – $247.1K
NOI $14,823 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$792.3K
$693.3K – $924.3K
NOI $55,460 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Mayfair Animal Hospital — 525 SE 6th Ave, Delray Beach, FL 33483
Frequently Asked Questions
What type of property is this?
Medical Office Space - Office/medical end unit condo for sale with condo fees covering water, trash, and exterior maintenance.
Where is this medical office space located?
The property is located at 405-5353 Atlantic Ave Delray Beach, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 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
