Medical Office With Procedure
For Sale
Contact for pricing
670 Glades Road, Boca Raton, FL 33486
Configured with two exam rooms, a procedure room, restrooms, kitchen, and private office.
Property Size1,380 SF
Price / SF$615.94
Days on Market43
Property Features for 670 Glades Road
General Information
Standard status
Active
Size
1,380 SF
Class
A
Property subtype
Office
Amenities
plumbed procedure room
plumbed exam rooms
restrooms
kitchen
office
private balcony
garage access
Building Details
Units
1
Listing Agency:
Florida Medical Space
Listed By:
Zachary Adams · License #SL3581797
Source:
Crexi
Added: Jul 20
Changed: Aug 30
Last Checked: Aug 30 at 9:34PM
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 Florida Medical Space
Investment Insights
Based on property information with market context.
This 1,380-square-foot medical office at 670 Glades Road includes a plumbed procedure room, two plumbed exam rooms, two restrooms, a kitchen, and a dedicated office. The suite also offers a private balcony and direct access to the garage, creating a practical layout for medical operations.
Located in Boca Raton, Florida, the property combines clinical rooms with supporting staff and utility areas in a compact office setting.
Located in Boca Raton, Florida, the property combines clinical rooms with supporting staff and utility areas in a compact office setting.
Key Highlights
- 1,380‑square‑foot medical office at 670 Glades Road
- Plumbed procedure room and two plumbed exam rooms
- Two restrooms plus kitchen and private office
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,577
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$731,540
$731.5K
Cap Rate 7%
$522,529
$522.5K
Cap Rate 9%
$406,411
$406.4K
Market Conditions
NOI Build-Up for 1,380 SF
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.
Gross rent
$62.9K $45.60/SF
− Vacancy
−$14.2K −$10.26/SF
EGI
$48.8K $35.34/SF
− OpEx
−$12.2K −$8.84/SF
NOI
$36.6K $26.51/SF
Area
Palm Beach County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$731,540
Cap Rate 7%
$522,529
Cap Rate 9%
$406,411
Alternative Uses
Best Use
Office B
$522.5K
$457.2K – $609.6K
NOI $36,577 @ 7.0% cap · market cap 4.30%
Second Best
Healthcare Medical
$259.8K
$227.3K – $303.1K
NOI $18,183 @ 7.0% cap · market cap 2.14%
Theoretical Best
Office A
$971.9K
$850.4K – $1.13M
NOI $68,031 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,881
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33486, FL
22,947
Population
9,583
Households
2.4
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
5.4 sq mi
ZIP Area
4,249
Density / Sq Mi
$113,575
Median Household Income
$58,526
Median Earnings
$2,226
Median Rent
$636,400
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured with two exam rooms, a procedure room, restrooms, kitchen, and private office.
Where is this medical office space located?
The property is located at 670 Glades Road Boca Raton, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 1,380‑square‑foot medical office at 670 Glades Road; Plumbed procedure room and two plumbed exam rooms; Two restrooms plus kitchen and private office
