Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4889 S Congress Ave Lake Worth, FL 33461

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Medical Office Space

    Building Details

    Year built
    1999

    We can help!

    Listing Contact
    Lesley Sheinberg
    Lesley Sheinberg
    Source: Naiglobal

    Listing Agent: Lesley Sheinberg

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    4889 S Congress Avenue is a ±9,672 SF, two-story freestanding medical office building located in the established Lake Worth/Atlantis medical corridor. The property is 100% occupied by reputable NNN medical tenants and offered as a stabilized investment opportunity.
    Situated within the Lake Worth/Atlantis medical hub near JFK Medical Center, offering excellent visibility, signage, and proximity to arterial roads and highways.
    100% occupied, two-story freestanding medical building
    Income in place with established NNN medical tenants
    Over $500,000 in recent Capital Improvements
    Minutes to JFK Medical Center & medical hub
    Monument signage & strong visibility
    Located in the Lake Worth/Atlantis Medical Corridor
    Location Intelligence

    Current Use by Public Records

    Palm Beach Neurologoy Physician Dr. Steven J. ... Physician University Urologists: Meinbach ... Physician University Urologists: Weinstein ... Physician University Urologists Medical Clinic

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Best Friends Veterinary Clinic

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.090153
    Latitude
    26.60421

    Nearby Similar for Sale

    • $950,000
      1,250 SF

      Lake Worth Road Commercial Property

      Commercial property with redevelopment potential on a bustling thoroughfare.
      2935 Lake Worth Rd, Lake Worth, FL 33461
      View Details
    • $1,050,000
      1,710 SF

      Lake Worth Beach Auto Repair Shop

      1710 SF auto repair shop in prime location for sale.
      1901 Florida St, Lake Worth, FL 33460
      View Details
    • New
      $1,100,000
      4.44 Acres

      Lake Worth Agricultural Opportunity

      Unique property in Heritage Farms, suitable for residence or business.
      6424 Park Ln W, Lake Worth, FL 33449
      View Details
    • $1,900,000
      4,233 SF

      Established Supermarket with Land

      Operational grocery store with land and building included for sale.
      Lake Worth, FL 33461
      View Details
    • $6,800,000
      8,644 SF

      Lake Worth Special Purpose Facility

      Meticulously landscaped 4.91-acre property with an 8,644 SF building.
      7025 Summerville Ter N, Lake Worth, FL 33467
      View Details
    • New
      $945,000
      1,806 SF

      Lake Worth Fourplex on Corner Lot

      Fourplex in Lake Worth Beach with mixed-use zoning.
      1625 S Federal Hwy, Lake Worth, FL 33460
      View Details
    • Contact for pricing
      1.00 Acre

      Lake Worth Commercial Office Space

      Commercial office space available for sale in Lake Worth, Florida.
      3731 Lake Worth Rd, Lake Worth, FL 33461
      View Details
    • New
      $519,999
      1,448 SF

      Lake Worth Duplex Investor Special

      Duplex in Lake Worth, opportunity to renovate and add value.
      622 S C St, Lake Worth, FL 33460
      View Details
    • Contact for pricing
      90.00 Acres

      Equestrian Estate Near Wellington

      Equestrian facility with stalls, living options, and arenas.
      10601 Tamis Trl, Lake Worth, FL 33449
      View Details
    • Contact for pricing
      90.00 Acres

      Equestrian Estate Near WEF

      Equestrian facility with stalls, living options, and arenas.
      10601 Tamis Trl, Lake Worth, FL 33449
      View Details
    • $1,150,000
      3,600 SF

      Functional Industrial Space with Showroom

      3,600 SF warehouse condo with air-conditioned storefront.
      1979 10Th Ave N, Lake Worth, FL 33461
      View Details
    • $60,000

      Turnkey Brazilian Mini Market/Cafe

      Thriving Brazilian cafe and retail store near I-95.
      Lake Worth, FL 33461
      View Details

    FAQs

    Where is this medical office space located?
    The property is located at 4889 S Congress Ave Lake Worth, FL.
    What are key features of this property?
    This property features: - 100% occupied by reputable NNN medical tenants, providing a stabilized investment opportunity.; - Located in the established Lake Worth/Atlantis medical corridor near JFK Medical Center.; - Freestanding, two-story medical office building with ±9,672 SF.
    (561) 721-3164
    Request Owner's contact information
    4889 S Congress Ave Lake Worth, FL 33461
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4889 S Congress Ave
    Lake Worth, FL 33461
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4889 S Congress Ave Lake Worth, FL 33461
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lesley Sheinberg
    Lesley Sheinberg
    (561) 721-3164 (561) 471-8000 (561) 254-7810
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!