13700 Jog Rd Delray Beach, FL 33446
- Banks
- 4,774 SF
- 1.24 lot acres
Current Use by Public Records
- Bank of America (with Drive-thru ATM) / Financial Consultant / Financial Planner
- Bank of America ATM (Drive-thru) / Financial Consultant / Financial Planner
Property Details for 13700 Jog Rd
- Year built
- 2004
- Construction
- CONCRETE
- Lot size
- 1.24 lot acres
- Property size
- 4,774 SF
- Zone code
- MUPD
- Property type
- Banks
- APN
- 00-42-46-10-07-006-0170
- APU
- 424610070060170
Description
This 6,774 square foot, Class A medical office building is situated on 1.25 acres in Delray Beach's San Marcos Shopping Center area, boasting high visibility on Jog Road with approximately 30,000 vehicles passing daily. Built in 2004 and renovated the same year, the single-story building features a 15-foot ceiling height, 59 parking spaces, and new 220+ power. The property is zoned MUPD and benefits from its location near Delray Medical Center and Bethesda Hospital West, making it ideal for urgent care, medical offices, or other healthcare-related businesses. Alternatively, its prime location and high traffic count make it suitable for various retail uses, including restaurants. The building includes CBS construction, impact glass, a pitched tile roof (replaced in 2019), two 5-ton HVAC compressors (2023), an irrigation well, and four drive-thru lanes. Previously occupied by Bank of America for 15 years, the building offers a turnkey opportunity for a variety of uses. The property is currently vacant and offers potential for subdivision into smaller retail spaces, with projected rents of $35-$40 per square foot per year NNN, or potentially higher for smaller units. The property's tax cost is $5.90 per square foot. This exceptional location offers excellent access to major retailers and significant traffic volume, presenting a strong investment opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,750,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,005,000
- 6.5%
- $2,740,000
- 7%
- $2,705,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,645,000
- Geo Method
- $2,840,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,425,000
- Retail
- $3,220,000
- Mixed-Use
- $2,890,000
- Hospitality
- $2,945,000
- Educational
- $3,380,000
- Residential Income
- $3,335,000
- Energy
- $2,975,000
- Income-Based Land
- $2,535,000
- Food Service
- $2,945,000
Location Insight
- Map
- Local Demand
- City
- Delray Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.1465
- Latitude
- 26.4734
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
