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    1000 9Th Ct Boca Raton, FL 33486

    For Sale
    $1,800,000

    Fully Leased, High-Return Medical Office

    Property size:
    3,792 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Exceptional investment opportunity: a 3,792 square foot, fully leased Class B medical office building in Boca Raton, Florida. Located just two blocks from Baptist Boca Raton Regional Hospital, this single-tenant property boasts a strong 5.50% cap rate and a substantial net operating income (NOI) of $99,000. The building, constructed in 1990, features upscale finishes, including floor-to-ceiling glass and a beautifully landscaped fountain courtyard. Currently occupied at 100% occupancy since August 11, 2023, under a triple net (NNN) lease with a remaining term of approximately 3.3 years (expiring March 2, 2028), with 5% rent bumps every two years. The property sits on a 2.12-acre lot and offers ample parking (3.6 spaces per 1,000 sq ft). While currently configured for administrative use by a home health firm, the building retains plumbing for future medical use. The asking price is $1,800,000 ($474.68 per square foot). The seller is willing to subsidize the lease to ensure a desirable return on investment. A lease buyout is possible, although the tenant is expected to remain. The property is zoned MC Medical Center. This is a stabilized investment with a single tenant and a long-term lease. Please note: The tenant should not be contacted.

    Property Features for 1000 9Th Ct

    General Information

    Property type
    Medical offices
    Square Feet
    3,792 SF
    Class
    B
    Lot Size
    92,347 SF

    Building Details

    Year Built
    1990
    Buildings
    1
    Stories
    2

    HighLights

    • Exceptional investment opportunity: 3,792 SF Class B medical office building in Boca Raton, FL, two blocks from Baptist Boca Raton Regional Hospital.
    • Asking price: $1,800,000 ($475/SF).
    • Fully leased through March 2, 2028, with 5% rent increases every two years.
    • Features floor‑to‑ceiling glass and a landscaped fountain courtyard.
    • Ample parking (3.6 spaces per 1,000 SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Stephen J. ... Cardiologist Diamond Personalized Healthcare Weight Loss Service Privately Yours Home Health Care Service Frederick R. Silfen, ... Obstetrician-Gynecologist Bartzokis Thomas MD Cardiologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office 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
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.104988265682
    Latitude
    26.360699482314

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    FAQs

    What type of property is this?
    Medical office - Fully Leased, High-Return Medical Office
    Where is this medical office located?
    The property is located at 1000 9Th Ct Boca Raton, FL.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: 3,792 SF Class B medical office building in Boca Raton, FL, two blocks from Baptist Boca Raton Regional Hospital.; Asking price: $1,800,000 ($475/SF).; Fully leased through March 2, 2028, with 5% rent increases every two years.
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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
    1000 9Th Ct Boca Raton, FL 33486
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