Palomino Park Medical
For Sale
Contact for pricing
3347 S State 7 Road, Wellington, FL 33449
9100 Sq Ft exclusive medical space in Wellington, Florida.
Property Size9,048 SF
Price / SF$585.76
Days on Market945
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
Units
1
Listing Agency:
Partnership Realty Inc.
Listed By:
Leonardo Rivera · License #3102073
(561) 236-9325
Source:
Crexi
Added: Mar 13, 2024
Changed: Oct 10
Last Checked: Oct 12 at 8:34PM
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 Partnership Realty Inc.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 9100 sq ft exclusive medical space.
- Located on the 1st floor.
- Situated in state‑of‑the‑art Palomino Park.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$239,817
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,796,340
$4.8M
Cap Rate 7%
$3,425,957
$3.4M
Cap Rate 9%
$2,664,633
$2.7M
Market Conditions
NOI Build-Up for 9,048 SF
Gross rent
$412.6K $45.60/SF
− Vacancy
−$92.8K −$10.26/SF
EGI
$319.8K $35.34/SF
− OpEx
−$79.9K −$8.84/SF
NOI
$239.8K $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 Rate 5%
$4,796,340
Cap Rate 7%
$3,425,957
Cap Rate 9%
$2,664,633
Alternative Uses
Best Use
Office B
$3.43M
$3.00M – $4.00M
NOI $239,817 @ 7.0% cap · market cap 4.52%
Second Best
Healthcare Medical
$1.70M
$1.49M – $1.99M
NOI $119,216 @ 7.0% cap · market cap 2.25%
Theoretical Best
Office A
$6.37M
$5.58M – $7.43M
NOI $446,048 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33449, FL
9,920
Population
3,509
Households
2.8
Avg Household Size
47
Median Age
54%
College-Educated
96%
High-School Grad
16.3 sq mi
ZIP Area
609
Density / Sq Mi
$149,159
Median Household Income
$61,626
Median Earnings
$2,892
Median Rent
$625,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
