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    5150 Linton Blvd Delray Beach, FL 33484
    Property profile & analytics

    5150 Linton Blvd, Delray Beach, FL 33484

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    • Office Spaces
    • 13,926 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Freund Blanche V / Physician / Medical Clinic
    • Dr. Robert M. Aportela, MD / Physician
    • Ms. Michelle Mcelhiney / Physician
    • FedEx Drop Box / Postal Service / Courier Service
    • Highlite Home Care Corporation / Home Health Care Service

    Property Details for 5150 Linton Blvd

    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    Palm Court Plaza & Professional Center offers 13,926 square feet of vacant medical office space in Palm Beach County. This five-story building, situated on the Delray Medical Center campus, provides a highly visible location at the intersection of Linton Boulevard and Military Trail. Five suites are currently available, ranging from 1,409 to 4,075 square feet, catering to various medical practices and traditional office users. The property boasts convenient access to I-95 and the Florida Turnpike, ensuring easy commutes. On-site property management ensures a well-maintained environment. Ample parking, including covered spaces, is available. The building is connected to a single-story medical/office/retail hub, offering additional amenities. Common area maintenance (CAM) charges vary: $14.58 per square foot for the tower (including in-suite electricity and HVAC), and $12.34 per square foot for the ground floor plaza (with separately metered electricity). Suite cleaning is not included. The property benefits from excellent demographics and proximity to numerous professional, lifestyle, and retail amenities, including on-site and nearby dining options. This prime location offers a dynamic and productive workspace.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1242
    Latitude
    26.4383

    Comparable in this City

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      87,903 SF

      5130 Linton Blvd

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    • Value Estimation
      $610,000
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      13489 Military Trl

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    • Value Estimation
      $925,000
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      6238 Atlantic Ave

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      6140 Atlantic Ave

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      6140 Atlantic Ave, Delray Beach, FL 33484-8409
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    • Value Estimation
      $1,235,000
      5,698 SF

      14701 Military Trl

      MEDICAL BUILDING
      14701 Military Trl, Delray Beach, FL 33484-8152
      View Details
    • Value Estimation
      $1,740,000
      11,070 SF

      6274 Linton Blvd

      MEDICAL BUILDING
      6274 Linton Blvd, Delray Beach, FL 33484-6508
      View Details

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    Similar Nearby for Lease

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      Delray Beach Commercial Office Space

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    • $23 SF/Yr

      Medical Suite Sublease Opportunity

      Modern, fully built-out medical suite available for sublease.
      5150 Linton Blvd, Delray Beach, FL 33484
      View Details
    • $23 SF/Yr
      178,826 SF

      Medical Suite Sublease Opportunity

      Sublease opportunity in modern, fully built-out medical suite.
      5150 Linton Blvd, Delray Beach, FL 33484
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    • $2,750 /Mo

      Delray Beach Office Suite

      Updated office suite suitable for professional or light medical use.
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    • $3,500 /Mo

      Delray Beach Office Space Available

      Office space for rent in Delray Beach, Florida.
      5341 Atlantic Ave, Delray Beach, FL 33484
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    • Contact for pricing
      2,234 SF

      Class A Office Space Available

      Professional office building with class A finishes and city views.
      5300 W Atlantic Ave, Delray Beach, FL 33484
      View Details
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    Delray Beach, FL 33484
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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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    5150 Linton Blvd, Delray Beach, FL, 33484
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