14565 Sims RdDelray Beach, FL 33484

Property Details for 14565 Sims Rd

Year built

1987

Construction

CONCRETE

Lot size

1.70 AC

Property size (Sq ft)

21,882 SF

Zone code

IPF

Property type

Office properties

Property subtype

Office buildings

APN

00-42-46-14-13-000-0020

APU

424614130000020

Description

This exceptional Class B medical office building, located at 14565 Sims Rd, Delray Beach, FL 33484, offers 21,882 square feet of space. Built in 1987 and renovated in 1993, the single-story building is ideally situated in a high-demand Palm Beach County submarket, just minutes from the renovated Delray Medical Center. The property boasts excellent accessibility, strategically positioned off West Atlantic Avenue between Jog Road and South Military Trail, providing seamless access to central Delray Beach. Currently, there is 20,482 square feet of vacant space available, divisible into units as small as 2,500 square feet, with a maximum contiguous space of 16,137 square feet. The building is perfect for a variety of medical practices, law firms, or other professional businesses seeking a prominent location with ample space. The property is available for both sale and lease, presenting a unique opportunity for investors and tenants alike. This is a rare chance to secure a well-maintained, conveniently located medical office building in a thriving market. The property's strategic location and flexible space options make it an attractive proposition for businesses seeking to establish or expand their presence in Delray Beach. The building's history of successful tenancy further underscores its appeal as a stable and profitable investment.

• CAP approach

  CAP return

  Valuation

  6%

  $6,730,104

  6.5%

  $6,212,404

  7%

  $5,768,660

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,862,626

  Geo Method

  $5,862,626

• Alternative Use

  Use

  Valuation

  Residential

  $7,703,380

  Hospitality

  $7,056,256

  Educational

  $5,870,722

  Medical

  $6,072,624

  Retail

  $9,132,234

Location Insight

City

Delray Beach

County

Palm Beach

State

Florida

Latitude

26.4593

Longitude

-80.1318

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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