Medical Office Suite with Private
For Sale
Contact for pricing
791 PARK OF COMMERCE Boulevard #201, Boca Raton, FL 33487
Six enclosed offices are complemented by meeting, open work, reception, and staff-support areas.
Property Size130,510 SF
Price / SF$0.00
Days on Market33
Property Features for 791 PARK OF COMMERCE Boulevard #201
General Information
Standard status
Active
Size
130,510 SF
Property subtype
Office
Additional Details
Office Units
1
Property Use
Medical Office
Amenities
conference/training room
lobby
kitchen
break room
his & hers restrooms
private entrance/exit
Building Details
Year Built
1994
Listing Agency:
Waterfront & Estate Properties
Listed By:
John Chad Presnell · License #3400050
(561) 247-1685
Source:
Isaacsrealestate
Added: Sep 28
Changed: Oct 30
Last Checked: Oct 28 at 4:11PM
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 Waterfront & Estate Properties
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Investment Insights
Based on property information with market context.
Configured for medical office use, this suite has six private offices, a conference and training room, and an open area for workstation layouts. A dedicated entrance provides direct access to the suite. The interior also includes a lobby, kitchen, separate break room, and two restrooms. The building dates to 1994.
Key Highlights
- Six private offices
- Separate conference and training room
- Open area for workstation layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,719,600
Suggested Prices Based on Cap Rates
Cap Rate 5%
$34,392,000
$34.4M
Cap Rate 7%
$24,565,714
$24.6M
Cap Rate 9%
$19,106,667
$19.1M
Market Conditions
NOI Build-Up for 130,510 SF
Gross rent
$3.13M $24.00/SF
− Vacancy
−$266.2K −$2.04/SF
EGI
$2.87M $21.96/SF
− OpEx
−$1.15M −$8.78/SF
NOI
$1.72M $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%
$34,392,000
Cap Rate 7%
$24,565,714
Cap Rate 9%
$19,106,667
Alternative Uses
Best Use
Office B
$49.42M
$43.24M – $57.65M
NOI $3,459,168 @ 7.0% cap · market cap 9,883,337.14%
Second Best
Healthcare Medical
$24.57M
$21.50M – $28.66M
NOI $1,719,600 @ 7.0% cap · market cap 4,913,142.86%
Theoretical Best
Office A
$91.91M
$80.42M – $107.23M
NOI $6,433,872 @ 7.0% cap · market cap 18,382,491.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,819
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33487, FL
20,644
Population
13,644
Households
1.5
Avg Household Size
53
Median Age
60%
College-Educated
97%
High-School Grad
6.7 sq mi
ZIP Area
3,081
Density / Sq Mi
$93,816
Median Household Income
$48,927
Median Earnings
$2,382
Median Rent
$573,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- vetpharma rx — 6450 E Rogers Cir #1, Boca Raton, FL 33487
- ioVet Oral — 6560 E Rogers Cir, Boca Raton, FL 33487
- Spilker Susan DVM — 6900 Congress Ave, Boca Raton, FL 33487
- Boca Emergency Veterinary Center — 6900 Congress Ave, Boca Raton, FL 33487
- Krane Cindy DVM — 6900 Congress Ave, Boca Raton, FL 33487
Frequently Asked Questions
What type of property is this?
Medical Office Space - Six enclosed offices are complemented by meeting, open work, reception, and staff-support areas.
Where is this medical office space located?
The property is located at 791 PARK OF COMMERCE Boulevard #201 Boca Raton, FL.
What are key features of this property?
This property features: Six private offices; Separate conference and training room; Open area for workstation layouts
