Office Condominium
160 Congress Park Drive 111 Delray Beach, FL 33445
New
160 Congress Park Drive 111, Delray Beach, FL, 33445
$165,000
For Sale
$165,000
REO office condominium offered for sale with immediate functionality in a central Delray Beach location.
Property Size500 SF
Price / SF$330
Days on Market3
Property Features for 160 Congress Park Drive 111
General Information
- Standard status
- Active
- Size
- 500 SF
Building Details
- Year Built
- 2006
Listing agency
CMV Realty LLC
(954) 394-7078
Listed by
Gus Martinez · License #F10525920
Source
Mymiahomes
Added: Jul 21 Updated: Jul 22 at 8:40PM Checked: Jul 22 at 8:40PM
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
Investment Insights
Based on property information with market context.
This REO office condominium suite is being offered for sale and is positioned to support immediate functionality for an owner-user. The property is part of a condominium setup and is presented as an opportunity that may also appeal to investors based on the seller’s stated upside.
Located at 160 Congress Park Drive, Suite 111 in Delray Beach, the asset is described as being in the heart of the market with convenient access.
While additional interior details are not provided, the offering is clearly marketed as an office condominium suite suitable for business operations or investment ownership.
Located at 160 Congress Park Drive, Suite 111 in Delray Beach, the asset is described as being in the heart of the market with convenient access.
While additional interior details are not provided, the offering is clearly marketed as an office condominium suite suitable for business operations or investment ownership.
Key Highlights
- REO office condominium for sale with immediate functionality
- Year built: 2006
- Office condo located in the heart of Delray Beach
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 |
500 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$189.3K
$165.7K – $220.9K
NOI $13,253 @ 7.0% cap · market cap 8.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$352.1K
$308.1K – $410.8K
NOI $24,649 @ 7.0% cap · market cap 14.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Ruben Schwartz
Physician
Morrison Clinic
Medical Clinic
Dragonfly Stories LLC
Film Production
Kinetic VoIP
Telecommunications Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - REO office condominium offered for sale with immediate functionality in a central Delray Beach location.
Where is this office units located?
The property is located at 160 Congress Park Drive 111 Delray Beach, FL.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: REO office condominium for sale with immediate functionality; Year built: 2006; Office condo located in the heart of Delray Beach
