Two-Story Office
New
For Sale
$1,475,000
955 NW 17TH Avenue H, Delray Beach, FL 33445
The two-level layout includes private work areas, meeting rooms, and kitchenette facilities on both floors.
Property Size2,500 SF
Price / SF$590
Days on Market5
Property Features for 955 NW 17TH Avenue H
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$12,590
Building Details
Building Size
2,500 SF
Year Built
2004
Stories
2
Construction
Key West cottage style
Abandoned
No
Listing Agency:
Home & Business Partners, LLC
Listed By:
Cheryl L Spearling · License #3352735
(561) 480-0023
Source:
Meyerlucas
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 2:03PM
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 Home & Business Partners, LLC
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Investment Insights
Based on property information with market context.
This 2,500 SF office condo spans two floors and is tenant occupied. The first level contains two private offices, a conference room, a kitchenette, and a bathroom. Upstairs are four private offices, a larger conference area, another kitchenette, and a second bathroom. Impact glass, high ceilings, neutral flooring, and neutral paint complete the interior. The property was built in 2004.
The office is part of a cottage-style office park in Delray Beach, with landscaped grounds and maintained exterior areas.
The office is part of a cottage-style office park in Delray Beach, with landscaped grounds and maintained exterior areas.
Key Highlights
- 2,500 SF office condo with a two‑story layout
- Six private offices across two floors
- Conference room on the first floor and a larger conference area upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,263
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,325,260
$1.3M
Cap Rate 7%
$946,614
$946.6K
Cap Rate 9%
$736,256
$736.3K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$114.0K $45.60/SF
− Vacancy
−$25.7K −$10.26/SF
EGI
$88.4K $35.34/SF
− OpEx
−$22.1K −$8.84/SF
NOI
$66.3K $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%
$1,325,260
Cap Rate 7%
$946,614
Cap Rate 9%
$736,256
Alternative Uses
Best Use
Office B
$946.6K
$828.3K – $1.10M
NOI $66,263 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,245 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,004
Businesses Nearby
Explore this area
Business Placement
Demographics for 33445, FL
32,265
Population
17,584
Households
1.8
Avg Household Size
51
Median Age
39%
College-Educated
90%
High-School Grad
8.1 sq mi
ZIP Area
3,983
Density / Sq Mi
$70,748
Median Household Income
$41,169
Median Earnings
$1,991
Median Rent
$282,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - The two-level layout includes private work areas, meeting rooms, and kitchenette facilities on both floors.
Where is this office units located?
The property is located at 955 NW 17TH Avenue H Delray Beach, FL.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 2,500 SF office condo with a two‑story layout; Six private offices across two floors; Conference room on the first floor and a larger conference area upstairs
