Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Palomino Park Medical Space Title is generated by Realmo AI

    3347 S State 7 Road, Wellington, FL 33449

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    9100 Sq Ft exclusive medical space in Wellington, Florida.

    Type:Office
    Property size:
    9,048 SF
    Price / SF:
    $585/SF
    Added:
    Mar 13, 2024
    Days on Market:
    808
    Last Refresh:
    May 12 at 9:38 pm

    Property Features for 3347 S State 7 Road

    General Information

    Standard status
    Active
    Size
    9,048 SF
    Property subtype
    Office

    Building Details

    Year Built
    2007

    We can help!

    Listing Contact
    Leonardo Rivera

    Listing agent Leonardo Rivera

    Listing office Partnership Realty Inc.

    Listing date Mar 13, 2024

    Source Crexi

    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 Partnership Realty Inc.

    HighLights

    • 9100 sq ft exclusive medical space.
    • Located on the 1st floor.
    • Situated in state‑of‑the‑art Palomino Park.
    • Built in 2007.
    • Exclusive space.
    • Medical space.

    Overview

    This commercial real estate offering features an exclusive medical space encompassing 9100 square feet. Located on the first floor of the state-of-the-art Palomino Park, the property provides a dedicated environment for medical practices and related services. The property size is 9048 square feet.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Map

    City
    Wellington
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.2149
    Latitude
    26.6048

    Nearby Similar for Sale

    • $450,000
      720 SF

      Wellington Commercial Property For Sale

      Commercial property in Wellington, Florida, with 720 square feet.
      3319 S State Rd 7, Wellington, FL
      View Details
    • $5,675,000

      Equestrian Land in Grand Prix Village

      Rare 4.38 acre parcel in prestigious Wellington community.
      3899 Shutterfly Way, Wellington, FL 33414
      View Details
    • $400,000

      Equestrian Farm near Wellington International

      Premier equestrian farm with 16 stalls near Wellington International.
      3508 Grand Prix Farms Drive, Wellington, FL 33414
      View Details
    • $96,000

      Equestrian Facility Near WEF South

      Equestrian facility with all-weather ring near WEF South Gate.
      4591 South Road, Wellington, FL 33414
      View Details
    • $3,300

      Premier Equestrian Estate in Wellington

      World-class equestrian estate designed for top-tier training and relaxation.
      5420 Las Palmas Avenue, Wellington, FL 33449
      View Details
    • $2,000

      Equestrian Facility Near WEF Show

      8-stall barn with studio, hack to WEF show grounds.
      14565 Belmont Trce, Wellington, FL 33414
      View Details
    • $165,000
      1,190 SF

      Profitable Beauty Supply Business

      Turnkey beauty supply business in busy Wellington shopping center.
      Beauty Supply Business For Sale, Wellington, FL
      View Details
    • $10,000

      Equestrian Property with Arena

      Equestrian property featuring stalls, paddocks, and new arena.
      2040 Galloway Trl, Wellington, FL 33414
      View Details
    • $1,400

      Equestrian Farm with Riding Ring

      Well-maintained equestrian farm featuring stalls, paddocks, and riding ring.
      14628 Draft Horse Ln, Wellington, FL 33414
      View Details
    • $1,999,000

      Renovated Multifamily Property with Garages

      Recently renovated multifamily property with garages, close to amenities.
      1434 Hawthorne Pl, Wellington, FL 33414
      View Details
    • $3,000

      Equestrian Facility with Stall Rentals

      Wellington equestrian facility offering seasonal stall rentals.
      5219 130th Avenue S, Wellington, FL 33449
      View Details
    • $1,400

      Equestrian Farm in Paddock Park

      Equestrian farm with 8 stalls, 6 paddocks, riding ring.
      14628 Draft Horse Lane, Wellington, FL 33414
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 9100 Sq Ft exclusive medical space in Wellington, Florida.
    Where is this medical office space located?
    The property is located at 3347 S State 7 Road Wellington, FL.
    What is the asking price?
    The asking price for this property is $5,300,000.
    What are key features of this property?
    This property features: 9100 sq ft exclusive medical space.; Located on the 1st floor.; Situated in state‑of‑the‑art Palomino Park.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Leonardo Rivera
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3347 S State 7 Road, Wellington, FL 33449
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!