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14565 Sims Rd, Delray Beach, FL 33484
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Property summary
AI-generated overview
This exceptional Class B medical office building, located at 14565 Sims Rd, Delray Beach, FL 33484, offers 21,882 square feet of space. Built in 1987 and renovated in 1993, the single-story building is ideally situated in a high-demand Palm Beach County submarket, just minutes from the renovated Delray Medical Center. The property boasts excellent accessibility, strategically positioned off West Atlantic Avenue between Jog Road and South Military Trail, providing seamless access to central Delray Beach. Currently, there is 20,482 square feet of vacant space available, divisible into units as small as 2,500 square feet, with a maximum contiguous space of 16,137 square feet. The building is perfect for a variety of medical practices, law firms, or other professional businesses seeking a prominent location with ample space. The property is available for both sale and lease, presenting a unique opportunity for investors and tenants alike. This is a rare chance to secure a well-maintained, conveniently located medical office building in a thriving market. The property's strategic location and flexible space options make it an attractive proposition for businesses seeking to establish or expand their presence in Delray Beach. The building's history of successful tenancy further underscores its appeal as a stable and profitable investment.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1987
Construction
CONCRETE
Total area
21,882 SF
Lot
1.7 ac (74,174 SF)
Zoning code
IPF
APN
00-42-46-14-13-000-0020
UPID
US18-4895406
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Retirement Community Nursing Home
-
Medical Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$2.88M
Owner & transaction history
since 2022
Last sale
$3.0M
1 recorded transaction
Zoning & alternative use
IPF · Delray Beach, FL
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 5 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.88M
Value range
$2.59M – $3.16M
±10% around blend
Estimated value / SF
$131 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
50
Income certainty
100
$2.59M
blend $2.88M
$3.16M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
21,882 SF
Lot area
1.7 ac
Year built
1987
Stories
1
APN
00-42-46-14-13-000-0020
Zoning
IPF
Assessed value
$3,470,563
Annual tax
$61,789
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$61,789
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$7.40M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.9 mi away · 19,530 SF
17.8 mi away · 19,274 SF
20.4 mi away · 19,344 SF
24.8 mi away · 21,302 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.88M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 50 sales
$471
-72%
County 950 sales
$397
-67%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $131/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
5.89%
Selected cap rate for this office buildings
Derived from the Delray Beach market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.89%
9.0%
NOI (est.)
$288k *
Last sale · Feb 2022
$3.00M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.90M
Move the market yield to see immediate price impact.
Value / SF
$224
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.39%5.89%6.39%
$260k
$4.82M
$4.41M
$4.06M
$288k
$5.35M
$4.90M
$4.51M
$317k
$5.89M
$5.39M
$4.97M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$7.45M
6.1 mi · Dec 2025 · $272/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$61,789
Tax year 2023
Assessed value
$3,470,563
Assessed 2023
Previous assessed
$3,233,605
+7.3% YoY
Effective rate
1.78%
On assessed value
Assessed land
$1,226,838
Assessed improvement
$2,243,725
Land market value
$1,226,838
Improvement market value
$2,243,725
Total market value
$3,470,563
Applied tax rate
355.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Sale
Year built
1987
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
60
Rooms
60
Bathrooms
11
Total area
21,882 SF
Lot
1.7 ac (74,174 SF)
Zoning code
IPF
APN
00-42-46-14-13-000-0020
UPID
US18-4895406
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IPF · Delray Beach, FLZoning IPF · permitted uses
IPF · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
60
Rooms
60
Bathrooms
11
Lot
1.7 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
IPF
Jurisdiction
Delray Beach, FL
Recorded code
IPF
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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