8200 Jog Rd, Boynton Beach, FL 33472-2981
- Office buildings
- 27,248 SF
- 2.47 lot acres
Current Use by Public Records
- Dr. Shital R. Patel, MD / Physician
- Bethesda Medical Associates / Medical Clinic
- Dr. Timothy C. Bell, MD / Pediatrician / Medical Clinic
- Dr. Cheryl E. Wayne, MD / Physician
- Delray Medical Center Physician / Medical Clinic
Property Details for 8200 Jog Rd
- Year built
- 1997
- Construction
- CONCRETE
- Lot size
- 2.47 lot acres
- Zone code
- RS
- Property type
- Office buildings
- APN
- 00-42-45-15-13-002-0020
- APU
- 424515130020020
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 15, 2020 | $8,308,625 | 8200 Jog Rd LLC | Welltower Om Group LLC | Special Warranty Deed | $333.8M · Morgan Stanley Mortgage Capital Hol |
| Nov 30, 2005 | $8,122,619 | Windrose Aberdeen II Properties LLC | Aberdeen II Holding LLC | Special Warranty Deed | — |
| Mar 20, 2000 | $4,248,300 | Medical Office Portfolio Prope | T & F Properties LP | Grant Deed | — |
| Feb 13, 1998 | $4,715,800 | T LP | Aberdeen I Investors Ltd | Grant Deed | — |
Description
This exceptional medical office space, located within the Aberdeen II building at 8200 Jog Rd, Boynton Beach, FL 33472, offers a single, immediately available suite totaling 2,115 square feet. Ideally situated in Palm Beach County, this property benefits from a highly convenient location between Florida's Turnpike and I-95, ensuring excellent accessibility for both patients and staff. The suite is perfect for a variety of medical or professional practices. The space is currently vacant and ready for immediate occupancy. Lease rates are competitive, and tenant improvement allowances are available to customize the space to meet specific needs. The strong local demographics, coupled with the proximity to Bethesda Hospital West, create a high demand for healthcare services in this area, making this an excellent opportunity for a thriving practice. The minimum divisible space is 2,115 square feet, and the maximum contiguous space is also 2,115 square feet. This presents a unique opportunity for a single tenant to occupy the entire available space. The property is classified as an office building with a medical office subtype and features multiple tenancies.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $13,425,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $12,840,000
- 6.5%
- $11,850,000
- 7%
- $11,005,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $9,189,000
Market price range: $5.48M - $13.4M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $9,170,000 Current use
- AUTO REPAIR, GARAGE
- $13,460,000 Change: +47% Conversion: Difficult
- RETAIL STORES
- $11,035,000 Change: +20% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $10,765,000 Change: +17% Conversion: Difficult
- MEDICAL BUILDING
- $10,740,000 Change: +17% Conversion: Easy
- COMMERCIAL (GENERAL)
- $9,525,000 Change: +4% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Boynton Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.1493
- Latitude
- 26.5543
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
