Two-Story Office
For Sale
$1,475,000
H-955 Nw 17th Ave, Delray Beach, FL 33444
A two-level office layout includes private offices, conference areas, and kitchenette and restroom facilities on each floor.
Property Size2,500 SF
Price / SF$590
Days on Market8
Property Features for H-955 Nw 17th Ave
General Information
Standard status
Active
Size
2,500 SF
Taxes and HOA fees
Annual Taxes
$12,590
Amenities
impact glass
high ceilings
landscaped grounds
kitchenette
conference room
Building Details
Stories
2
Construction
Key West cottage style
Tenancy
Single
Owner Occupied
No
Listing Agency:
Home & Business Partners, LLC
(561) 279-9251
Listed By:
Cheryl L Spearling · License #3352735
(561) 480-0023
Source:
Exprealty
Added: Oct 14
Changed: Oct 21
Last Checked: Oct 21 at 2:11AM
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
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 2,500 SF office condo spans two floors. The first level has two private offices, a conference room, a kitchenette, and a bathroom; upstairs are four private offices, a larger conference area, a second kitchenette, and another bathroom. Interior details include impact glass, high ceilings, and neutral flooring and paint. The office is currently tenant-occupied.
The property is in a landscaped office park in Delray Beach, Florida.
The property is in a landscaped office park in Delray Beach, Florida.
Key Highlights
- 2,500 SF office condo arranged across two floors
- Six private offices, with two on the first floor and four on the second
- 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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,216
Businesses Nearby
Explore this area
Business Placement
Demographics for 33444, FL
22,671
Population
10,469
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
84%
High-School Grad
5.0 sq mi
ZIP Area
4,534
Density / Sq Mi
$74,803
Median Household Income
$37,915
Median Earnings
$1,712
Median Rent
$425,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A two-level office layout includes private offices, conference areas, and kitchenette and restroom facilities on each floor.
Where is this office unit located?
The property is located at H-955 Nw 17th Ave 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 arranged across two floors; Six private offices, with two on the first floor and four on the second; Conference room on the first floor and a larger conference area upstairs
