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Property profile & analytics
OFF-MARKET
Medical Office Space
237 George Bush Blvd Delray Beach, FL 33444-4034
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-5015183
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Construction
WOOD
Total area
2,785 SF
Lot
0.38 ac (16,614 SF)
Zoning code
RO
APN
12-43-46-09-28-012-0250
UPID
US18-5015183
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Neena A Yoyakey DO | Family Physician Pediatrician Physician
-
Baptist Health Primary Care | Delray Beach Physician
-
Raymond Westbrook, D.O. Physician
-
Dr. Neena Yoyakey, D.O. Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bethesda Health INC · 12 yrs held
Bethesda Health INC
since 2014
7 recorded transactions
Zoning & alternative use
RO · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Residential Office (RO) District provides for mixed use of a neighborhood office and residential nature and a transitional land use between a commercial or industrial area and a residential area, An incentive zoning in older residential areas which are in the need of redevelopment or revitalization or are in a state of transition
Zone name
Residential Office
General category
MIXED_USE
Zone area
21.23 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Delray Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delray Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,282
Tax year 2023
Assessed value
$918,717
Assessed 2023
Previous assessed
$884,968
+3.8% YoY
Effective rate
1.99%
On assessed value
Assessed land
$577,599
Assessed improvement
$341,118
Land market value
$577,599
Improvement market value
$341,118
Total market value
$918,717
Applied tax rate
12,987.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,785 SF
Lot
0.38 ac (16,614 SF)
Zoning code
RO
APN
12-43-46-09-28-012-0250
UPID
US18-5015183
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RO · Delray Beach, FLZoning RO · permitted uses
RO · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Residential Office (RO) District provides for mixed use of a neighborhood office and residential nature and a transitional land use between a commercial or industrial area and a residential area, An incentive zoning in older residential areas which are in the need of redevelopment or revitalization or are in a state of transition
Zone name
Residential Office
General category
MIXED_USE
Zone area
21.23 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1979
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Bethesda Health INC
Entity
Mailing address
2815 S SEACREST BLVD, BOYNTON BEACH, FL 33435-7969
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2014
$667,000
Bethesda Health INC
Enclave At George Bush LLC
Warranty Deed
—
Jun 7, 2012
—
Enclave At George Bush LLC
Byrnes,james J
Quit Claim Deed
related
—
Mar 4, 1997
$240,000
James J Byrne
Vanderbilt University
Grant Deed
$216,000 · Seller
—
—
James J Byrnes
—
Deed Of Trust
related
$216,000 · Colonial Bank Fsb
—
—
James J Byrnes
—
Deed Of Trust
related
$419,371 · Colonial Bank
—
—
James J Byrnes
—
Deed Of Trust
related
$12,445 · Colonial Bank
—
—
Enclave At George Bush LLC
—
Deed Of Trust
related
$60,000 · Bank United
—
—
Enclave At George Bush LLC
—
Deed Of Trust
related
$560,000 · Bank United
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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