Medical Office
5610 PGA Boulevard 214, Palm Beach Gardens, FL 33418
For Sale
$549,000
The suite is positioned for medical, healthcare, wellness, or professional office use.
Property Size1,071 SF
Price / SF$512.61
Days on Market90
Property Features for 5610 PGA Boulevard 214
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Harbourside Properties
Listed By:
Antonio M Fernandez · License FL #3125780
(561) 222-1162
Source:
Palmbeachresidential
Added: Aug 13
Changed: Nov 7
Last Checked: Nov 9 at 12:04PM
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 Harbourside Properties
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Investment Insights
Based on property information with market context.
Suite 214 is a 1,071-square-foot office condominium in the PGA Concourse, built in 1985. The property is described as medical-zoned, with potential applications including medical, healthcare, wellness, and professional office use.
The suite is on PGA Boulevard in Palm Beach Gardens, with access to I-95 and Florida's Turnpike. Restaurants, retail, banking, hotels, and medical and professional services are in the surrounding area.
The suite is on PGA Boulevard in Palm Beach Gardens, with access to I-95 and Florida's Turnpike. Restaurants, retail, banking, hotels, and medical and professional services are in the surrounding area.
Key Highlights
- 1,071‑square‑foot office condominium suite
- Medical‑zoned space in the PGA Concourse
- Built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,165
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,300
$683.3K
Cap Rate 7%
$488,071
$488.1K
Cap Rate 9%
$379,611
$379.6K
Market Conditions
NOI Build-Up for 1,071 SF
Gross rent
$53.6K $50.04/SF
− Vacancy
−$8.0K −$7.51/SF
EGI
$45.6K $42.53/SF
− OpEx
−$11.4K −$10.63/SF
NOI
$34.2K $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%
$683,300
Cap Rate 7%
$488,071
Cap Rate 9%
$379,611
Alternative Uses
Best Use
Office B
$488.1K
$427.1K – $569.4K
NOI $34,165 @ 7.0% cap · market cap 6.22%
Second Best
Healthcare Medical
$234.2K
$205.0K – $273.3K
NOI $16,396 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$754.3K
$660.0K – $880.0K
NOI $52,798 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33418, FL
43,383
Population
21,573
Households
2
Avg Household Size
53
Median Age
59%
College-Educated
97%
High-School Grad
45.8 sq mi
ZIP Area
947
Density / Sq Mi
$123,405
Median Household Income
$59,127
Median Earnings
$2,304
Median Rent
$608,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - The suite is positioned for medical, healthcare, wellness, or professional office use.
Where is this medical office space located?
The property is located at 5610 PGA Boulevard 214 Palm Beach Gardens, FL.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 1,071‑square‑foot office condominium suite; Medical‑zoned space in the PGA Concourse; Built in 1985
