Open-Plan Medical Office
517 Northlake Boulevard #2, North Palm Beach, FL 33408
For Sale
Contact for pricing
Medical-office zoning, 24-hour access, impact windows, and a private restroom support a range of professional uses.
Property Size4,335 SF
Price / SF$0.82
Days on Market56
Property Features for 517 Northlake Boulevard #2
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Property Use
Amenities
impact windows
dedicated restroom
24 hour access
signage possible
Building Details
Year Built
Listing Agency:
Echo Fine Properties
(561) 500-3246
Listed By:
Howard Freedland · License #3482263
(561) 889-2735
Source:
Lehmannflorida
Added: Sep 14
Changed: Nov 6
Last Checked: Nov 6 at 2:20PM
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 Echo Fine Properties
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.
This remodeled office unit has an open layout, impact-resistant windows, and its own restroom. Medical-office zoning supports medical use, and signage is possible. Access is available 24 hours a day.
The property is on Northlake Boulevard, west of US 1, with access to I-95.
The property is on Northlake Boulevard, west of US 1, with access to I-95.
Key Highlights
- Medical‑office zoning
- Open‑plan layout with impact windows and a dedicated restroom
- 24‑hour access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,118
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,142,360
$1.1M
Cap Rate 7%
$815,971
$816.0K
Cap Rate 9%
$634,644
$634.6K
Market Conditions
NOI Build-Up for 4,335 SF
Gross rent
$104.0K $24.00/SF
− Vacancy
−$8.8K −$2.04/SF
EGI
$95.2K $21.96/SF
− OpEx
−$38.1K −$8.78/SF
NOI
$57.1K $13.18/SF
Area
Palm Beach County, FL
Vacancy
8.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,142,360
Cap Rate 7%
$815,971
Cap Rate 9%
$634,644
Alternative Uses
Best Use
Office B
$1.64M
$1.44M – $1.91M
NOI $114,899 @ 7.0% cap · market cap 3,213.96%
Second Best
Healthcare Medical
$816.0K
$714.0K – $952.0K
NOI $57,118 @ 7.0% cap · market cap 1,597.71%
Theoretical Best
Office A
$3.05M
$2.67M – $3.56M
NOI $213,706 @ 7.0% cap · market cap 5,977.79%
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
Highway access
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33408, FL
18,965
Population
13,490
Households
1.4
Avg Household Size
58
Median Age
52%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
2,789
Density / Sq Mi
$91,390
Median Household Income
$65,606
Median Earnings
$1,885
Median Rent
$502,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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
Similar Off Market Nearby
- Bonitzer Robert W DVM — 11788 US-1, North Palm Beach, FL 33408
- Juno Beach Animal Hospital — 11788 US-1, North Palm Beach, FL 33408
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical-office zoning, 24-hour access, impact windows, and a private restroom support a range of professional uses.
Where is this medical office space located?
The property is located at 517 Northlake Boulevard #2 North Palm Beach, FL.
What are key features of this property?
This property features: Medical‑office zoning; Open‑plan layout with impact windows and a dedicated restroom; 24‑hour access
