160 Congress Park Drive # 111, Delray Beach, FL 33445
REO office condominium with immediate functionality for an owner-user or investor looking for a manageable office asset.
- Added:
- Sep 19, 2025
- Days on Market:
- 276
- Last Refresh:
- Jun 20 at 6:14 am
Property Features for 160 Congress Park Drive # 111
General Information
- Standard status
- Active
- Size
- 500 SF
- Property subtype
- Business for Sale, Office, Industrial
Building Details
- Year Built
- 2006
Listing agent Gus Martinez PA License #3033300
Listing office CMV Realty LLC
Listing date Sep 19, 2025
Source Crexi
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 CMV Realty LLC
HighLights
- Office condominium built in 2006
- REO office condo in Delray Beach
- Suitable for an owner‑user with immediate functionality or for an investor
Overview
Located at 160 Congress Park Drive, Unit #111 in Delray Beach, the property is described as being well located with strong accessibility. Being in the heart of Delray Beach is intended to support day-to-day usability for an office tenant or business operations, with an emphasis on convenience for occupants.
For tenants and buyers, this configuration can fit a range of professional office users seeking a straightforward, private condominium office setup. For investors, the offering is positioned as an alternative office investment opportunity, while owner-users can evaluate the unit as a ready-to-function workspace. Interested parties should review the condominium arrangement and unit details directly to confirm suitability for their specific business use and operational needs.
Local 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 | $22.8k | $45.60 |
| − Vacancy | −$5.1k | −$10.26 |
| EGI | $17.7k | $35.34 |
| − OpEx | −$4.4k | −$8.84 |
| NOI | $13.3k | $26.51 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Delray Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0939856
- Latitude
- 26.4582009
