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    Delray Beach Office/Medical Condo Title is generated by Realmo AI

    5353 Atlantic Ave 405, Delray Beach, FL 33484

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    Claim this Listing
    For Sale
    $450,000

    Office/Medical condo for sale in Delray Beach, Florida.

    Type:Commercial
    Property size:
    1,125 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $400/SF
    Added:
    Mar 10, 2026
    Days on Market:
    122
    Last Refresh:
    Jul 2 at 6:45 pm

    Property Features for 5353 Atlantic Ave 405

    General Information

    Standard status
    Active
    Size
    1,125 SF
    Lot size
    1.00 Acre
    Property subtype
    Commercial

    Building Details

    Year Built
    1982

    We can help!

    Contact an agent
    Susan Denning

    Listing office Coldwell Banker Realty

    Listing date Mar 10, 2026

    Source Elliman

    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

    • Delray Beach on Atlantic location
    • Suitable for medical/professional use
    • 1125 sf office/medical condo
    • End unit
    • Condo fees include water, trash, and exterior maintenance
    • Built in 1982

    Overview

    This 1125 square foot condo in Delray Beach, Florida, is suitable for medical or professional use. Located on Atlantic Avenue, this end unit benefits from condo fees that cover water, trash, and exterior maintenance.

    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
    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 (±1% cap)
    NOI $29,818 @ 7.0% cap · market cap 6.63%
    Second Best
    Healthcare Medical
    $211.8K
    $185.3K – $247.1K (±1% cap)
    NOI $14,823 @ 7.0% cap · market cap 3.29%
    Theoretical Best
    Office A
    $792.3K
    $693.3K – $924.3K (±1% cap)
    NOI $55,460 @ 7.0% cap · market cap 12.32%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fresh Start Produce ... Corporate Office Dr. Joseph Cadet Pediatrician Janet Diaz Martinez Physician Dr. Marcia Malcolm Pediatrician Dr. Mark Paris Physician

    Suggested Use

    Law Firm Daycare Center Auto Parts Store Electrical Service Building Supply Auto Repair Shop Real Estate Agency Grocery & Convenience Store Grocery & Convenience Store Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Dr. Angel's Compassionate Care Centers — 14888 S Military Trl, Delray Beach, FL 33484
    • GoodVets Delray — 5066 W Atlantic Ave, Delray Beach, FL 33484
    • West Ave Animal Hospital — 4997 W Atlantic Ave d, Delray Beach, FL 33445
    • Boca-Delray Animal Hospital — 14888 S Military Trl, Delray Beach, FL 33484

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1253
    Latitude
    26.4579

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    FAQs

    What type of property is this?
    Medical Office Space - Office/Medical condo for sale in Delray Beach, Florida.
    Where is this medical office space located?
    The property is located at 5353 Atlantic Ave 405 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: Delray Beach on Atlantic location; Suitable for medical/professional use; **1125 sf office/medical condo**
    (786) 223-1810
    We can help!
    Contact an agent
    Susan Denning
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