French Bakery Business With
For Sale
$250,000
1445 N Congress Avenue #3, Delray Beach, FL 33445
Established since 2021, the bakery includes over $80,000 in commercial equipment and a France-imported bread oven.
Property Size1,000 SF
Price / SF$250
Days on Market24
Property Features for 1445 N Congress Avenue #3
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Building Details
Year Built
1995
Listing Agency:
LoKation
(954) 232-5785
Listed By:
Jonathan H Lickstein · License #3255202
Source:
Mymiahomes
Added: Jul 20
Changed: Jul 21
Last Checked: Jul 21 at 7:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LoKation
Investment Insights
Based on property information with market context.
Offered for sale is an established French bakery business operating since 2021, supported by a growing local clientele and demonstrated historical performance. The operation comes fully equipped with more than $80,000 in commercial assets, including commercial kitchen equipment, freezers, mixers, a bread oven imported from France, pastry workstations, and the necessary pastry tools.
For the 2025 period, the business reported approximately $40,000 in profit. The owner will remain on-site for a couple of weeks to support a smooth transition.
The business is located at 1445 N Congress Avenue, suite #3, in Delray Beach, Florida.
For the 2025 period, the business reported approximately $40,000 in profit. The owner will remain on-site for a couple of weeks to support a smooth transition.
The business is located at 1445 N Congress Avenue, suite #3, in Delray Beach, Florida.
Key Highlights
- Established French bakery operating since 2021 with a growing local clientele
- Includes $80,000+ in commercial bakery equipment, including freezers, mixers, and pastry workstations
- Bread oven imported from France is included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,251
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$385,020
$385.0K
Cap Rate 7%
$275,014
$275.0K
Cap Rate 9%
$213,900
$213.9K
Market Conditions
NOI Build-Up for 1,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.6K $27.60/SF
− Vacancy
−$1.9K −$1.93/SF
EGI
$25.7K $25.67/SF
− OpEx
−$6.4K −$6.42/SF
NOI
$19.3K $19.25/SF
Area
Palm Beach County, FL
Vacancy
7.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$385,020
Cap Rate 7%
$275,014
Cap Rate 9%
$213,900
Alternative Uses
Best Use
Specialty Retail
$275.0K
$240.6K – $320.9K
NOI $19,251 @ 7.0% cap · market cap 7.70%
Second Best
Industrial
$154.2K
$135.0K – $179.9K
NOI $10,796 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$704.3K
$616.2K – $821.6K
NOI $49,298 @ 7.0% cap · market cap 19.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33445, FL
32,265
Population
17,584
Households
1.8
Avg Household Size
51
Median Age
39%
College-Educated
90%
High-School Grad
8.1 sq mi
ZIP Area
3,983
Density / Sq Mi
$70,748
Median Household Income
$41,169
Median Earnings
$1,991
Median Rent
$282,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established since 2021, the bakery includes over $80,000 in commercial equipment and a France-imported bread oven.
Where is this conventional restaurant located?
The property is located at 1445 N Congress Avenue #3 Delray Beach, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Established French bakery operating since 2021 with a growing local clientele; Includes $80,000+ in commercial bakery equipment, including freezers, mixers, and pastry workstations; Bread oven imported from France is included
