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    1035 State Road 7 Wellington, FL 33414

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    1035 State Road 7 Wellington, FL 33414

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    • Retail properties & Spaces
    • 1 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
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    • Retail properties & Spaces

    Property Details for 1035 State Road 7

    Year built
    2007
    Property size
    1 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional Class A medical office building, constructed in 2007, presents a unique opportunity for businesses seeking flexible and modern space in Wellington, Florida. Located at 1035 S State Rd 7, this property boasts a prime location on the west side of State Road 7, conveniently situated three-quarters of a mile north of Forest Hill Boulevard. The building offers multiple tenancy options, with a minimum divisible space of 80 square feet and a maximum contiguous space of 6,000 square feet. Currently, 6,000 square feet of space is immediately available. The diverse tenant base includes a mix of retail, various medical offices, a financial institution, and professional office suites, creating a vibrant and thriving community within the building. The property's strategic location in Palm Beach County, Florida, ensures high visibility and easy access for both patients and clients. This is an ideal setting for medical practices, professional services, or retail businesses seeking a prestigious and well-established location. The building's modern design and amenities cater to the needs of a diverse range of businesses, making it a highly sought-after address in Wellington. This is a rare opportunity to secure prime commercial space in a thriving market. Contact us today to learn more about leasing options and explore the possibilities this exceptional property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wellington
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.2033
    Latitude
    26.6624

    Comparable in this City

    • Value Estimation by Request
      107,368 SF

      10140 Forest Hill Blvd

      Medical Office Space • 107,368 SF
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    • Value Estimation by Request
      3.53 Acres

      1381 State Road 7

      Medical Office Space • 60,000 SF
      1381 State Road 7, Wellington, FL 33414
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    • Value Estimation
      $2,090,000
      5,986 SF

      1049 State Rd 7th 7

      MEDICAL BUILDING • 5,986 SF
      1049 State Rd 7th 7, Wellington, FL 33414-6135
      View Details
    • Value Estimation
      $1,110,000
      7,460 SF

      2575 State Rd 7th 7

      MEDICAL BUILDING • 7,460 SF
      2575 State Rd 7th 7, Wellington, FL 33414-9323
      View Details
    • Value Estimation
      $585,000
      3,600 SF

      190 Professional Way

      MEDICAL BUILDING • 3,600 SF
      190 Professional Way, Wellington, FL 33414-6391
      View Details
    • Value Estimation
      $1,105,000
      7,460 SF

      2565 State Rd 7th 7

      MEDICAL BUILDING • 7,460 SF
      2565 State Rd 7th 7, Wellington, FL 33414-9368
      View Details

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      Premier Mixed-Use Destination in Wellington

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      Premier Wellington Mixed-Use Space

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      Wellington Class-A Mixed-Use Property

      Premier Wellington mixed-use property ideal for retail, medical, or office.
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      Wellington Green Square Retail Center

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      10600 Forest Hill Blvd, Wellington, FL 33414
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      Wellington Medical Office Space Available

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    1035 State Road 7
    Wellington, FL 33414
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    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
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