Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2900 N Military Trl Boca Raton, FL 33431

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two medical condos in Boca Raton with long-term leases.

    Type:Office
    Property size:
    3,503 SF
    Price / SF:
    $542/SF
    Added:
    Sep 11, 2024
    Days on Market:
    598
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 2900 N Military Trl

    General Information

    Standard status
    Active
    Size
    3,503 SF
    Property subtype
    Office

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    Eric Nur

    Listing agent Eric Nur License #FL 324986

    Listing office American Realty Network LLC

    Listing date Sep 11, 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 American Realty Network LLC

    Overview

    Boca Raton Medical Condos Investment

    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.
    Location Intelligence

    Current Use by Public Records

    Yihong Joy Hao, ... Physician Mitchell Epstein, DMD Dental Office Lynn Rosen Lampert, ... Physician Rosen Amy R Physician Alper Mark Physician

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Law Firm Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1197792
    Latitude
    26.3788006

    Nearby Similar for Sale

    • $10,999,999
      5,945 SF

      Turnkey Restaurant in Boca Raton

      Fully equipped restaurant in prime Boca Raton location for sale.
      1450 N Federal Highway, Boca Raton, FL 33432
      View Details
    • $349,000
      987 SF

      Sanctuary Centre Professional Space

      987 SF office/restaurant space in East Boca Raton.
      4800 N Federal Highway, Boca Raton, FL 33431
      View Details
    • $380,000

      Restaurant Business Opportunity in Boca

      Turnkey restaurant business for sale in a prime Boca location.
      21316 Saint Andrews Blvd ( Restaurant for sale ), Boca Raton, FL 33432
      View Details
    • $6,500,000

      Retail Asset in Boca Raton

      Fully stabilized retail asset with immediate cash flow.
      23133 Sandalfoot Plaza Dr, Boca Raton, FL 33428
      View Details
    • $925,000
      2,817 SF

      East Boca Raton Duplex

      Duplex in East Boca Raton, minutes from beaches and downtown.
      198 SW 15th Street, Boca Raton, FL 33432
      View Details
    • $1,175,000
      2,554 SF

      Boca Raton Medical Office Space

      2,554 SF medical office space in Boca Raton, Florida.
      2900 N Military Trail, Boca Raton, FL 33431
      View Details
    • $795,000
      1,484 SF

      Boca Raton Income-Producing Duplex

      Income-producing duplex near downtown Boca, beaches, and parks.
      314 SW 1st Street, Boca Raton, FL 33432
      View Details
    • $380,000

      Boca Raton Salon Business Opportunity

      Established hair and nail salon in high-traffic Boca Raton plaza.
      1347-1349 W Palmetto Park Rd, Boca Raton, FL 33486
      View Details
    • $229,000

      Ice Cream Cafe Business Opportunity

      Turn-key ice cream cafe near the beach for sale.
      899 E PALMETTO PARK RD, Boca Raton, FL 33432
      View Details
    • $1,550,000
      4,326 SF

      Boca Raton Duplex Investment Opportunity

      Remodeled duplex near Intracoastal with income potential.
      620 Hastings Street, Boca Raton, FL 33487
      View Details
    • $824,500
      2,309 SF

      Boca Raton Flex Space

      Two-story office/warehouse flex space in prime Boca Raton location.
      6401 E Rogers Cir 16, Boca Raton, FL 33487
      View Details
    • $140,000

      Salon Business Opportunity in Florida

      Profitable salon business for sale in a high-traffic Boca Raton location.
      FL-7, Boca Raton, FL 33428
      View Details

    FAQs

    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.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Eric Nur
    Real Estate License ID: FL 324986
    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

    2900 N Military Trl, Boca Raton, FL 33431

    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!