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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16120 S Jog Rd Delray Beach, FL 33446

    • Banks
    • 3,621 SF
    • 1.48 lot acres
    For Sale
    View listing
    $2,400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3740751
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • PNC Mortgage / Loan Service / Bank
    • PNC Bank / Bank / Loan Service
    • PNC ATM / Atm

    Property Details for 16120 S Jog Rd

    Year built
    2000
    Construction
    WOOD
    Lot size
    1.48 lot acres
    Property size
    3,621 SF
    Zone code
    MUPD
    Property type
    Banks
    APN
    00-42-46-27-21-002-0020
    APU
    424627210020020

    Description

    This exceptional 3,621-square-foot freestanding medical office building presents a compelling investment opportunity in Delray Beach, Florida. Situated on a highly visible outparcel to a Publix Super Market at Addison Center and adjacent to a Walgreens, this property boasts significant foot traffic and convenient access. Constructed in 2000, the building features durable concrete block construction, impact-resistant glass, and a recently replaced (2019) pitched tile roof. The property includes substantial upgrades, such as two 5-ton HVAC compressors installed in 2023, a 400-amp 3-phase electrical system, an irrigation well, and ample parking with 29 spaces and four drive-thru lanes. The permitted zoning is MUPD, allowing for a variety of uses including medical, dental, veterinary, professional office, beauty salon, florist, jewelry store, packing/shipping/printing/copying services, medical supply businesses, or a daycare center. Note that any sale to a financial institution may involve a purchaser's premium of at least 20%. This turnkey property is ready for immediate occupancy and offers significant potential for growth and return on investment. The address is 16120 Jog Rd, Delray Beach, FL 33446. Asking price is $2,700,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $445,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $709,000
      Market price range: $401k - $710k

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

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1461
    Latitude
    26.4375
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $42,959
    $1,892,163
    $670,741
    $2,562,904
    -
    $1,892,163
    $670,741
    $2,562,904

    Comparable in this City

    • Value Estimation by Request
      1,537 SF

      15300 Jog Rd Ste, Unit 110

      FINANCIAL BUILDING • 1,537 SF
      15300 Jog Rd Ste, Delray Beach, FL 33446-2164
      View Details
    • Value Estimation by Request
      2,677 SF

      15300 Jog Rd Ste, Unit 203

      FINANCIAL BUILDING • 2,677 SF
      15300 Jog Rd Ste, Delray Beach, FL 33446-2166
      View Details
    • Value Estimation by Request
      1,671 SF

      15300 Jog Rd Ste, Unit 210

      FINANCIAL BUILDING • 1,671 SF
      15300 Jog Rd Ste, Delray Beach, FL 33446-2166
      View Details
    • Value Estimation by Request
      1,140 SF

      15300 Jog Rd Ste, Unit 211

      FINANCIAL BUILDING • 1,140 SF
      15300 Jog Rd Ste, Delray Beach, FL 33446-2166
      View Details
    • Value Estimation by Request
      2,692 SF

      15300 Jog Rd Ste, Unit 208

      FINANCIAL BUILDING • 2,692 SF
      15300 Jog Rd Ste, Delray Beach, FL 33446-2166
      View Details
    • Value Estimation by Request
      1,823 SF

      15300 Jog Rd Ste, Unit 106

      FINANCIAL BUILDING • 1,823 SF
      15300 Jog Rd Ste, Delray Beach, FL 33446-2164
      View Details

    Similar Nearby for Sale

    • $2,400,000
      3,621 SF

      Freestanding Building Near Publix

      3,621 SF building suitable for various business uses.
      16120 S Jog Rd, Delray Beach, FL 33446
      View Details
    • $299,000

      Delray Beach Restaurant Opportunity

      Newly renovated restaurant for sale on Jog Road, Delray Beach.
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      Land with Turnpike Exposure

      Land with excellent access to Florida Turnpike off Atlantic Avenue.
      14437 Starkey Rd, Delray Beach, FL 33446
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    • $3,750,000
      2.70 Acres

      Delray Beach 2.7-Acre Parcel

      2.7-acre parcel in Delray Beach, being rezoned for offices/medical.
      10069 La Reina Rd, Delray Beach, FL 33446
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    • $1,020,000

      Delray Beach Condo Investment Opportunity

      Condo bundle in Delray Beach with customization options.
      15125 Michelangelo Blvd, Delray Beach, FL 33446
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    • $3,750,000
      2.70 Acres

      2.7 Acres in Delray Beach

      2.7-acre parcel in Delray Beach, being rezoned for offices/medical.
      10069 La Reina Rd, Delray Beach, FL 33446
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,150 SF

      Retail Space in Delray Beach

      Retail spaces available in high-traffic Delray Beach shopping center.
      16850 S Jog Rd, Delray Beach, FL 33446
      View Details
    • Contact for pricing
      1,543 SF

      Retail Space in Lifestyle Center

      Retail space available in entertainment-oriented Delray Marketplace.
      9169 W Atlantic Ave, Delray Beach, FL 33446
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space in Atlantic Plaza

      Retail space available in a high-traffic shopping center.
      15200 S Jog Rd, Delray Beach, FL 33446
      View Details
    • Contact for pricing
      4,123 SF

      Retail Space in Delray Beach

      Retail space available in affluent West Delray Beach.
      8918 W Atlantic Ave, Delray Beach, FL 33446
      View Details
    • Contact for pricing
      750 SF

      Prime Retail Space Available

      750 SF retail space in upscale shopping center.
      9089 W Atlantic Ave, Delray Beach, FL 33446
      View Details
    • Contact for pricing
      3,520 SF

      Retail Space in Delray Beach

      Retail property for lease in a high-traffic Delray Beach location.
      15067 S Jog Rd, Delray Beach, FL 33446
      View Details
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    16120 S Jog Rd
    Delray Beach, FL 33446
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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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