Property summary
This exceptional 9,308-square-foot medical office building in West Palm Beach, Florida, presents a unique investment opportunity. Situated on 1.1 acres at 5201 Village Blvd (Village Blvd & 45th St), this Class B property boasts two buildings constructed in 1999. The building features a spacious layout with a maximum contiguous space of 6,185 square feet, currently offering 7,289 square feet of vacant space. Ideal for medical or professional office use, the property includes ample parking with 44 spaces. The interior features 11-foot ceilings and has been recently renovated, including new flooring, cabinets, and four bathrooms. The property is zoned CPD and has a Palm Beach County APN of 74424301170000010. Previously occupied by a children's pediatric office and an ABA therapy operator, the space is equipped with exam rooms and a lab, along with a reception/lobby area. A sublease or new lease (NNN) is available. While the current lease has 16 months remaining, the owner is open to negotiating a longer-term lease. This turnkey property is ready for immediate occupancy.
Property profile
VerifiedCap rate & NOI
Current use
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Home Health Care Service
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Real Estate Agency
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High School Daycare Center
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Law Firm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
111. - Parking and loading requirements. Sec. 94-112. - Alleys and public rights-of-way. Sec. 94-113. - Landscape and streetscape requirements. Sec. 94-114. - Urban core planning area. Sec. 94-115. - CityPlace district (…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CPD · West Palm Beach, FL111. - Parking and loading requirements. Sec. 94-112. - Alleys and public rights-of-way. Sec. 94-113. - Landscape and streetscape requirements. Sec. 94-114. - Urban core planning area. Sec. 94-115. - CityPlace district (…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
111. - Parking and loading requirements. Sec. 94-112. - Alleys and public rights-of-way. Sec. 94-113. - Landscape and streetscape requirements. Sec. 94-114. - Urban core planning area. Sec. 94-115. - CityPlace district (…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CPD in West Palm Beach, FL.
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