Technical
Financial
Distress signals
Property profile

638 Ocean Ave Boynton Beach, FL 33435

OFF-MARKET
Retail space
Property ID
US18-2623175
2,210 SF 0.16 ac lot Built 1965
Entity Owned 15-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This fully renovated, 2,500 square foot free-standing medical office building is located at 638 E Ocean Avenue in Boynton Beach, Florida (zip code 33435). The single-tenant property, previously used as a medical office, is vacant and immediately available. No association fees or approvals are needed for occupancy. The building features eight individual offices and two updated, large bathrooms. It sits on a lot with zero square footage and is zoned CBD (city). The APN is 08434527040000911. Ample parking is provided with thirteen spaces. This prime location in downtown Boynton Beach offers exceptional accessibility, being minutes from the beach and surrounded by restaurants, shopping, and residential areas. The building is fully compliant with medical office zoning requirements and presents a fantastic opportunity for a medical practice seeking a move-in ready space in a thriving community. The property's convenient location and ample parking make it an attractive option for both patients and staff. This is a rare opportunity to acquire a fully built-out medical office building in a high-demand area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1965
Construction CONCRETE
Total area 2,210 SF
Lot 0.16 ac (7,000 SF)
Zoning code CBD
APN 08-43-45-27-04-000-0911
UPID US18-2623175

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
  • Medical Clinic
  • Medical Clinic
  • Association Or Organization

Location

638 Ocean Ave Boynton Beach, FL 33435-5005
Boynton Beach metro Census 6202 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$390k

Owner & transaction history

since 2010
3 recorded transactions
2010
$192,500
2007
Price N/A
1969
Price N/A

Zoning & alternative use

CBD · Boynton Beach, FL
Zoning description

ning district" are used, they are construed to include any or all of the following zoning districts: C-1 office and professional commercial; C-2 neighborhood commercial; C-3 community commercial; C-4 general commercial;…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 638 Ocean Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message