5610 Pga BlvdPalm Beach Gardens, FL 33418

Property Details for 5610 Pga Blvd

Year built

1985

Construction

CONCRETE BLOCKS

Property size (Sq ft)

1,008 SF

Property type

Office properties

Property subtype

Office buildings

APN

52-42-42-11-14-006-0050

APU

52424211140060050

Description

This exceptional medical office building, located at 5610 PGA Blvd in Palm Beach Gardens, Florida 33418, presents a unique investment opportunity. Built in 1985, the property is currently operating as a well-established interventional pain management practice. The facility boasts state-of-the-art technology, including a C-Arm fluoroscope, enabling a wide range of in-office procedures such as nerve blocks, rhizotomies, and PRP injections. The current owner's part-time schedule (working four days every other week) and a dedicated team in place create significant potential for revenue growth – estimates suggest the possibility of doubling current income. The property's location within a rapidly expanding area of Palm Beach Gardens offers further expansion opportunities. The landlord is amenable to leasing adjacent office space to accommodate future growth, providing flexibility for the new owner. The asking price for this turnkey operation is $2,200,000. This property is classified as both retail and office space, with a subtype of medical office and business. The property's strong community ties and established patient base contribute to its profitability and long-term viability. This is an ideal opportunity for an investor seeking a high-return medical practice with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $356,035

  6.5%

  $328,648

  7%

  $305,173

• Comparable approach

  Method

  Valuation

  Relative Method

  $256,949

  Geo Method

  $256,949

• Alternative Use

  Use

  Valuation

  Residential

  $407,523

  Hospitality

  $373,289

  Educational

  $310,572

  Medical

  $321,253

  Retail

  $483,112

Location Insight

City

Palm Beach Gardens

County

Palm Beach

State

Florida

Latitude

26.838

Longitude

-80.1235

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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