Flex Space with Two Grade Level
For Sale
Contact for pricing
601 N Congress Ave, Delray Beach, FL 33445
Flex space with two motorized grade level overhead doors, warehouse and office HVAC, and secure access with cameras.
Property Size4,681 SF
Price / SF$459.30
Days on Market1269
Property Features for 601 N Congress Ave
General Information
Standard status
Active
Size
4,681 SF
Property subtype
FLEX_R_AND_D
Financials
Asking Price
$1,750,000
HOA Fee
$769.51
Warehouse & Industrial
Drive-In Doors
2
Conditioned Warehouse
Yes
Amenities
Control Access and Cameras
Listing Agency:
Mattis Advisors
(954) 309-7151
Listed By:
Charlie Exelbirt · License #BK3097732
Source:
Moodyscre
Added: Feb 7, 2023
Changed: Jul 30
Last Checked: Jul 30 at 10:54AM
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 Mattis Advisors
Investment Insights
Based on property information with market context.
This flex space is set up for showroom, office, light manufacturing, or storage use, with a combined warehouse and office layout. The property includes two 12W x 14H grade level motorized overhead doors, HVAC in the warehouse and office, and control access with cameras. Interior improvements feature four private offices, a full kitchen, and two bathrooms, along with hurricane impact windows.
Located at 601 N Congress Ave in Delray Beach, the building also includes association oversight, with quarterly association fees.
The combination of grade level loading and dedicated office space supports tenant operations that need both working and customer-facing areas.
Located at 601 N Congress Ave in Delray Beach, the building also includes association oversight, with quarterly association fees.
The combination of grade level loading and dedicated office space supports tenant operations that need both working and customer-facing areas.
Key Highlights
- 4,681 SF flex space for showroom, light manufacturing, or storage
- Two 12W x 14H grade level motorized overhead doors
- HVAC in the warehouse and office
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $213.5k | $45.60 |
| − Vacancy | −$48.0k | −$10.26 |
| EGI | $165.4k | $35.34 |
| − OpEx | −$41.4k | −$8.84 |
| NOI | $124.1k | $26.51 |
4,681 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.77M
$1.55M – $2.07M
NOI $124,070 @ 7.0% cap · market cap 5.77%
Second Best
Flex RnD
$1.47M
$1.29M – $1.72M
NOI $102,963 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$3.30M
$2.88M – $3.85M
NOI $230,764 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,004
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 Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Brunch n Roll — 600 N Congress Ave, Delray Beach, FL 33445
Frequently Asked Questions
What type of property is this?
Flex space - Flex space with two motorized grade level overhead doors, warehouse and office HVAC, and secure access with cameras.
Where is this flex space located?
The property is located at 601 N Congress Ave Delray Beach, FL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 4,681 SF flex space for showroom, light manufacturing, or storage; Two 12W x 14H grade level motorized overhead doors; HVAC in the warehouse and office
