Boca Raton Medical Condos
For Sale
Contact for pricing
2900 N Military Trl, Boca Raton, FL 33431
Two medical condos in Boca Raton with long-term leases.
Property Size3,503 SF
Price / SF$542.39
Days on Market693
Property Features for 2900 N Military Trl
General Information
Standard status
Active
Size
3,503 SF
Property subtype
Office
Building Details
Year Built
1985
Listing Agency:
American Realty Network LLC
(561) 702-3795
Listed By:
Eric Nur · License #FL 324986
Source:
Crexi
Added: Sep 11, 2024
Changed: Jul 10
Last Checked: Aug 3 at 3:41PM
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 American Realty Network LLC
Investment Insights
Based on property information with market context.
This property features two medical condos located on Military Trail in Boca Raton. The property offers a prime investment opportunity with a 7.24% cap rate and no landlord responsibilities under the current true triple-net lease agreement. The property is currently occupied by two medical tenants operating in two suites. The lease commenced in December 2020 and has 6 years remaining.
Key Highlights
- True Triple‑Net Lease: Enjoy a hands‑off investment.
- Attractive 7.24% Cap Rate: Provides a strong return.
- Stable Income Stream: Leased to two medical tenants.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $159.7k | $45.60 |
| − Vacancy | −$35.9k | −$10.26 |
| EGI | $123.8k | $35.34 |
| − OpEx | −$30.9k | −$8.84 |
| NOI | $92.8k | $26.51 |
3,503 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $92,847 @ 7.0% cap · market cap 4.89%
Second Best
Healthcare Medical
$659.4K
$577.0K – $769.3K
NOI $46,156 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,691 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33431, FL
22,047
Population
9,005
Households
2.4
Avg Household Size
33
Median Age
58%
College-Educated
94%
High-School Grad
8.3 sq mi
ZIP Area
2,656
Density / Sq Mi
$103,252
Median Household Income
$23,794
Median Earnings
$2,361
Median Rent
$575,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two medical condos in Boca Raton with long-term leases.
Where is this medical office space located?
The property is located at 2900 N Military Trl Boca Raton, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: True Triple‑Net Lease: Enjoy a hands‑off investment.; Attractive 7.24% Cap Rate: Provides a strong return.; Stable Income Stream: Leased to two medical tenants.
