2151 45Th St West Palm Beach, FL 33407
For Lease
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This exceptional medical office property in West Palm Beach, Florida, offers 73,500 square feet of space across two, two-story buildings. Currently, 22,283 square feet are available, divisible into units ranging from 318 to 3,079 contiguous square feet. Tenants will benefit from ample parking, boasting a generous 3 spaces per 1,000 square feet ratio, including covered drop-off areas at both building entrances and a unique covered walkway directly to the adjacent hospital. Recent ownership has invested in significant upgrades to lobbies, suites, and common areas, resulting in renovated, move-in ready spaces. The property enjoys a highly desirable location on the grounds of JFK North Hospital (HCA), providing unparalleled convenience and visibility. Its proximity to the Palm Beach Outlet Mall, featuring Whole Foods and numerous restaurants and shops, enhances its appeal. Furthermore, the property's strategic location is less than half a mile from I-95 and 2.5 miles from the Florida Turnpike/Beeline Extension, ensuring easy access for patients and staff. Nearby medical facilities include the Veteran's Medical Affairs Center, St. Mary's Hospital, and Palm Beach Children's Hospital. Importantly, this property has no ground lease restrictions. Note that tenant electric and janitorial services are not included in the rate.
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Robert Gardner Physician
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Columbia Partial Hospital Crisis Center Medical Clinic
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Columbia Home Health Care Home Health Care Service
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My Way Pediatrics LLC Pediatrician Medical Clinic
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Dr. Paula Echeverri Palma MD Pediatrician Medical Clinic
. 94-175. - Industrial districts neighborhood compatibility requirements. Secs. 94-176-94-200. - Reserved. ARTICLE VII. - SPECIAL DISTRICTS Sec. 94-201. - General development standards. Sec. 94-202. - Community service (CS) district. Sec. 94-203. - Community service planned development (CSPD) district. Sec. 94-204. - Recreation and open space (ROS) district.…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CS · West Palm Beach, FL. 94-175. - Industrial districts neighborhood compatibility requirements. Secs. 94-176-94-200. - Reserved. ARTICLE VII. - SPECIAL DISTRICTS Sec. 94-201. - General development standards. Sec. 94-202. - Community service (CS) district. Sec. 94-203. - Community service planned development (CSPD) district. Sec. 94-204. - Recreation and open space (ROS) district. Sec. 94-205. - Conservation (CON) district. Sec. 94-206. - Planned community (PC)
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.