Medical Office Suite with Spa
For Sale
Contact for pricing
951 Sansburys Way Unit 202, West Palm Beach, FL 33411
Office suite includes a reception area, conference room, private office with sink, and an additional spa area with separate entrance.
Property Size900 SF
Price / SF$2.89
Days on Market99
Property Features for 951 Sansburys Way Unit 202
General Information
Standard status
Active
Size
900 SF
Property subtype
Mixed Use
Amenities
reception area
open waiting area
main conference room
private office
bathroom
separate entrance
Square Feet: 2656
Parcel Number: 00424331030032020, Tax Annual Amount: $6,089, Tax Legal Description: BELRUB IND PARK PL 2 PT OF LT 3 K/A STE 202 BLDG 1 PH 2 HIGHLAND PARK AT BELRUB
Business Type: Office Space, Professional, Special Listing Conditions: Lease, Standard Status: Active
Year Built: 2007, Building Area Total: 1329
County Or Parish: Palm Beach County, Unit Number: 202
Leasable Area Units: Square Feet, Leasable Area: 900
Building Details
Year Built
2007
Listing Agency:
Stephenson Realty, LLC.
(786) 326-9044
Listed By:
Julia Gladkikh · License #A12018031
(786) 999-9799
Source:
Riserealty
Added: Jul 20
Changed: Oct 25
Last Checked: Oct 26 at 3:17PM
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 Stephenson Realty, LLC.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office suite offers approximately 900 SF of workspace configured for client-facing use. The unit includes a reception area and an open waiting area, along with a main conference room and one private office with a sink. A bathroom is also included. The suite features high ceilings and plenty of natural light.
In addition to the main office layout, there is a spa area within the unit that has a separate entrance, allowing for flexible access between office and spa functions.
The property is described as an ideal fit for spa, office, and medical office uses, and is positioned in a high-traffic area on Belvedere Rd in the heart of Palm Beach.
In addition to the main office layout, there is a spa area within the unit that has a separate entrance, allowing for flexible access between office and spa functions.
The property is described as an ideal fit for spa, office, and medical office uses, and is positioned in a high-traffic area on Belvedere Rd in the heart of Palm Beach.
Key Highlights
- Office suite built in 2007 with approximately 900 SF of workspace
- Reception area plus open waiting area for guests
- Includes a main conference room and 1 private office with sink
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,373
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,460
$627.5K
Cap Rate 7%
$448,186
$448.2K
Cap Rate 9%
$348,589
$348.6K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$49.7K $55.20/SF
− Vacancy
−$7.8K −$8.72/SF
EGI
$41.8K $46.48/SF
− OpEx
−$10.5K −$11.62/SF
NOI
$31.4K $34.86/SF
Area
West Palm Beach, FL
Vacancy
15.80%
Lease Rate
$55.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,460
Cap Rate 7%
$448,186
Cap Rate 9%
$348,589
Alternative Uses
Best Use
Office B
$448.2K
$392.2K – $522.9K
NOI $31,373 @ 7.0% cap · market cap 1,206.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$633.8K
$554.6K – $739.5K
NOI $44,368 @ 7.0% cap · market cap 1,706.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
Explore this area
Business Placement
Demographics for 33411, FL
74,206
Population
30,063
Households
2.5
Avg Household Size
42
Median Age
39%
College-Educated
91%
High-School Grad
34.9 sq mi
ZIP Area
2,126
Density / Sq Mi
$89,329
Median Household Income
$46,461
Median Earnings
$1,887
Median Rent
$400,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office suite includes a reception area, conference room, private office with sink, and an additional spa area with separate entrance.
Where is this office unit located?
The property is located at 951 Sansburys Way Unit 202 West Palm Beach, FL.
What are key features of this property?
This property features: Office suite built in 2007 with approximately 900 SF of workspace; Reception area plus open waiting area for guests; Includes a main conference room and 1 private office with sink
