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    517 Northlake Blvd North Palm Beach, FL 33408

    For Lease
    $27 SF/Yr ($9,753 /Mo)

    Prime Medical Office Space, Newly Renovated

    Lot size:
    4,335 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 4,335 square foot medical office building, situated on a 0.345-acre lot in the desirable North Palm Beach submarket (33408 zip code), presents a unique investment opportunity. The property, located at 517 Northlake Blvd, boasts a Class B designation and underwent a complete renovation in 2022. The single-story building features 17 total parking spaces and is conveniently located near US Highway One. Currently, 2,300 square feet of space is available for lease, divisible into two suites: one approximately 1,053 square feet and the other approximately 1,114 square feet. Each suite offers separately metered power, new HVAC units, finished bathrooms, freshly painted drywall, impact windows, and updated drop ceilings with LED lighting. The building's zoning is Commercial, and the APN is 68-43-42-16-07-000-0190. The property taxes are $3.44 per square foot. The asking rental rate is $30 per square foot for one suite and $27 per square foot for the other. A flooring allowance is available for one of the suites. The property is move-in ready with minimal tenant improvement requirements. This is an ideal location for medical professionals seeking a modern, well-maintained space in a thriving North Palm Beach community.

    Property Features for 517 Northlake Blvd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,335 SF
    Class
    B
    Total Rate
    9753.75

    Building Details

    Year Built/Renovated
    1967/2022
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Unit 2
    Size
    1,114 SF
    Rate per SF
    $27
    Space
    Unit 1
    Size
    1,053 SF
    Rate per SF
    $30
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Farzana Malik, ... Internist Bellagio Dental Implant ... Dentist

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    North Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.061765067065
    Latitude
    26.807613160997

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office Space, Newly Renovated
    Where is this medical office located?
    The property is located at 517 Northlake Blvd North Palm Beach, FL.
    What is the lease rate?
    The lease rate is $27-$30 SF/Yr.
    Request Owner's contact information
    517 Northlake Blvd North Palm Beach, FL 33408
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    North Palm Beach, FL 33408
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    517 Northlake Blvd North Palm Beach, FL 33408
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