16244 Military TrlDelray Beach, FL 33445

Property Details for 16244 Military Trl

Year built

1986

Construction

CONCRETE BLOCKS

Lot size

1.00 AC

Property size (Sq ft)

603 SF

Property type

Retail properties

Property subtype

Banks

APN

12-42-46-25-12-005-5250

APU

12424625120055250

Description

This exceptional 1,545-square-foot medical office suite is available for immediate occupancy in a highly desirable Delray Beach location. Situated on South Military Trail, directly across from Delray Medical Center and a Super Walmart, this corner unit benefits from excellent visibility and accessibility. Built in 1986, the single-story building offers a bright and spacious layout featuring numerous windows. The suite includes two reception/waiting areas, an administrative space, seven exam rooms, a lab area, two bathrooms, and ample storage. Two separate entrances enhance convenience. The property sits on 1.46 acres and does not include elevators. The lease is for a minimum of 1,545 square feet, and the space is suitable for multiple tenants. The rental rate is $26.00 per square foot, plus $10.00 per square foot for operating expenses. Utilities are the responsibility of the tenant. This exceptional opportunity won't last long. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $272,627

  6.5%

  $251,656

  7%

  $233,681

• Comparable approach

  Method

  Valuation

  Relative Method

  $407,120

  Geo Method

  $407,120

• Alternative Use

  Use

  Valuation

  Residential

  $212,281

  Hospitality

  $194,448

  Educational

  $161,779

  Medical

  $167,343

  Retail

  $251,656

Location Insight

City

Delray Beach

County

Palm Beach

State

Florida

Latitude

26.4359

Longitude

-80.121

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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