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    3319 State Road 7 Wellington, FL 33449
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    3319 State Road 7, Wellington, FL 33449

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    • Office Spaces
    • 60,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 3319 State Road 7

    Year built
    2007
    Property type
    Office Spaces

    Description

    This exceptional 60,000 square foot medical office building, constructed in 2007, presents a unique investment opportunity in the desirable Palomino Park area of Wellington, Florida. Located at 3319 S State Road 7 Road, zip code 33449, this property boasts 924 units and is designed to the highest standards of modern healthcare. The building's prime location within Wellington offers excellent visibility and accessibility for patients and staff. The property is situated in Palm Beach County, Florida, providing access to a thriving and growing community. The building's design prioritizes functionality, comfort, and style, creating an ideal environment for medical practices. This is a turnkey opportunity to acquire a well-established and highly sought-after medical office building in a premier location. The asking price for this exceptional property is $1,750,000. The lot size is not specified. This is a rare chance to own a significant asset in a rapidly developing area. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wellington
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.2055
    Latitude
    26.6293

    Comparable in this City

    • Value Estimation by Request
      9,048 SF

      3347 State 7 Rd

      Office Spaces
      3347 State 7 Rd, Wellington, FL 33449
      View Details
    • Value Estimation by Request
      42,750 SF

      5500 State Road 7

      Office Spaces
      5500 State Road 7, Wellington, FL 33449
      View Details
    • Value Estimation
      $1,530,000
      9,754 SF

      3343 State Rd 7th 7

      MEDICAL BUILDING
      3343 State Rd 7th 7, Wellington, FL 33449-8082
      View Details
    • Value Estimation
      $1,610,000
      3,545 SF

      5614 State Rd 7th 7

      OFFICE BUILDING (MULTI-STORY)
      5614 State Rd 7th 7, Lake Worth, FL 33449-5414
      View Details
    • Value Estimation
      $2,065,000
      4,678 SF

      6501 State Rd 7th 7

      OFFICE BUILDING (MULTI-STORY)
      6501 State Rd 7th 7, Lake Worth, FL 33449-5302
      View Details
    • Value Estimation by Request
      2,000 SF

      6075 State Rd 7th 7

      RADIO OR TV STATION
      6075 State Rd 7th 7, Lake Worth, FL 33449
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,048 SF

      Palomino Park Medical Space

      9100 Sq Ft exclusive medical space in Wellington, Florida.
      3347 S State 7 Rd, Wellington, FL 33449
      View Details
    • $1,995,000
      5.21 Acres

      Wellington Land Near Equestrian Festivals

      5.2 acres of build-ready land near equestrian venues.
      12875 50 St S, Wellington, FL 33449
      View Details
    • New
      $1,995,000
      9.54 Acres

      Versatile Commercial Compound on Acreage

      Unique commercial property with warehouse, office, and expansive grounds.
      10689 Heritage Farms Rd, Lake Worth, FL 33449
      View Details
    • New
      Contact for pricing
      120.00 Acres

      Premier Equestrian Estate in Wellington

      World-class equestrian estate designed for top-tier training and relaxation.
      5420 Las Palmas Ave, Wellington, FL 33449
      View Details
    • New
      $6,500,000
      13.36 Acres

      Wellington Equestrian Estate Land Parcel

      Exceptional 13+ acre equestrian estate parcel in Wellington Preserve.
      5281 Laredo Way, Wellington, FL 33449
      View Details
    • $9,950,000

      Commercial Land For Sale

      Commercial land available west of State Road 7.
      10101 W Lantana Rd, Lake Worth, FL 33449
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Growing Area

      Retail space in Lake Worth, a vibrant and growing community.
      5940 S State Road 7, Lake Worth, FL 33449
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Walmart-Anchored Center

      Retail space with high visibility in Lake Worth, Florida.
      4075-4115 S State Road 7, Lake Worth, FL 33449
      View Details
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    3319 State Road 7
    Wellington, FL 33449
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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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