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

    1666-1756 S Congress Ave Palm Springs, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Publix and Beall's outlet anchored neighborhood shopping center.

    Type:RETAIL
    Property size:
    1,407 SF
    Lot size:
    13.18 Acres
    Added:
    Feb 15, 2023
    Days on Market:
    1174
    Last Refresh:
    Apr 5 at 10:18 pm

    Property Features for 1666-1756 S Congress Ave

    General Information

    Standard status
    Active
    Size
    1,407 SF
    Lot size
    13.18 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1666-1756 S Congress Ave Contact us

    We can help!

    Listing Contact
    Ashley H. Thornburg

    Listing agent Ashley H. Thornburg

    Listing office Elevated Commercial Real Estate

    Listing date Feb 15, 2023

    Source Moodyscre

    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 Elevated Commercial Real Estate

    Overview

    Retail Space in Palm Springs

    Located on Congress Avenue in Palm Springs, Florida, Greenwood Shopping Centre is a neighborhood shopping center anchored by Publix and Beall’s outlet. The center benefits from its mix of national and local retailers. The property offers retail spaces and is suitable for shopping center, retail property, strip mall, and shopping mall businesses. Available spaces within the property total 1407 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Congress Auto Parts — palm springs, fl 33461
    • Chiropractor — 3321-3401 S Congress Ave, Lake Worth Beach, FL 33461
    • Florida MV Express Kiosk — 1700 S Congress Ave, Palm Springs, FL 33461
    • Coin Cloud Bitcoin ATM — 3980 10th Ave N, Palm Springs, FL 33461
    • Palm Springs Plaza — 3469 S Congress Ave, Lake Worth Beach, FL 33461

    Map

    City
    Palm Springs
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0962
    Latitude
    26.6359

    Nearby Similar for Lease

    • $10,000/Mo

      Palm Springs Commercial Property For Lease

      Unique two-story commercial property in a prime, strategic Palm Springs location.
      2720 Forest Hill Boulevard, Palm Springs, FL 33406
      View Details
    • $22 SF/Yr

      Palm Springs Office Space Available

      Flexible office space for lease in a high-traffic area.
      2328 S Congress Avenue, Palm Springs, FL 33406
      View Details
    • Contact for pricing

      Palm Springs Office Space Available

      10,000 square foot office space for rent.
      4665 S Congress Ave, Palm Springs, FL
      View Details
    • Contact for pricing

      Retail Space in Palm Springs

      Retail space available in Palm Springs Plaza shopping center.
      3349 S Congress Ave, Palm Springs, FL
      View Details
    • Contact for pricing

      Medical Office Space Available

      Corner medical office with exam rooms and exclusive X-ray room.
      2889 10th Ave N, Palm Springs, FL
      View Details
    • $20 SF/Yr

      Retail Space Near Interstate 95

      Retail space available near Interstate 95 and Palm Beach College.
      3703-3729 Lake Worth Rd, Palm Springs, FL
      View Details
    • $32 SF/Yr

      Updated Office Space Available

      Recently renovated office space with modern upgrades and security features.
      2112 S Congress Ave, Palm Springs, FL
      View Details
    • Contact for pricing

      Medical Office Space Available

      Divisible medical office space with tenant improvement allowance.
      1630 S Congress Ave, Palm Springs, FL
      View Details
    • Contact for pricing

      Remodeled Office Building For Lease

      Two-story office building with recent upgrades and ample parking.
      2112 S Congress Ave, Palm Springs, FL 33406
      View Details

    FAQs

    What type of property is this?
    Shopping center - Publix and Beall's outlet anchored neighborhood shopping center.
    Where is this shopping center located?
    The property is located at 1666-1756 S Congress Ave Palm Springs, FL.
    What are key features of this property?
    This property features: Publix and Beall’s outlet anchored shopping center; Located on Congress Avenue in Palm Springs, Florida; Neighborhood shopping center
    (305) 726-8431 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ashley H. Thornburg
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry

    1666-1756 S Congress Ave, Palm Springs, FL

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!