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Property profile & analytics
OFF-MARKET
Retail space

638 Ocean Ave Boynton Beach, FL 33435-5005

2,210 SF 0.16 ac lot Built 1965
Entity Owned 15-yr Hold ~ Est. High Equity
Property ID
US18-2623175
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Marchman Act Florida at Seacrest Recovery Medical Clinic
  • Seacrest Behavioral Health Medical Clinic
  • addictions Association Or Organization
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
Palm Properties LLC · 15 yrs held
Palm Properties LLC
since 2010
3 recorded transactions
2010
$192,500
2007
Price N/A
1969
Price N/A
Zoning & alternative use
CBD · Boynton Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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