Renaissance Commons Retail
1750 N Congress Avenue #402, West Palm Beach, FL 33401
For Sale
Contact for pricing
Established 2003 retail space near I-95 and other major thoroughfares in West Palm Beach.
Property Size1,450 SF
Price / SF$3.75
Days on Market98
Property Features for 1750 N Congress Avenue #402
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
United Realty Group, Inc
(561) 235-2127
Listed By:
Danny Hermon · License FL #658395
(561) 414-8134
Source:
Lehmannflorida
Added: Aug 7
Changed: Nov 10
Last Checked: Nov 10 at 7:30AM
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 United Realty Group, Inc
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Investment Insights
Based on property information with market context.
This retail space is located within Renaissance Commons at 1750 N Congress Ave, Suite 402, in West Palm Beach. The property was built in 2003 and is positioned along a prominent commercial corridor with access to major thoroughfares, including I-95.
The surrounding development includes residential communities and established commercial tenants such as AT&T, MRI Palm Beach, State Farm, Jersey Mike’s, and Dage Dental. WalkScore, BikeScore, and TransitScore are listed as 3, 40, and 41, respectively, reflecting a primarily automobile-oriented setting with some transit and biking connectivity.
The surrounding development includes residential communities and established commercial tenants such as AT&T, MRI Palm Beach, State Farm, Jersey Mike’s, and Dage Dental. WalkScore, BikeScore, and TransitScore are listed as 3, 40, and 41, respectively, reflecting a primarily automobile-oriented setting with some transit and biking connectivity.
Key Highlights
- Located within Renaissance Commons at 1750 N Congress Ave 402
- Built in 2003
- Positioned near I‑95 and other major thoroughfares
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,499
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,980
$410.0K
Cap Rate 7%
$292,843
$292.8K
Cap Rate 9%
$227,767
$227.8K
Market Conditions
NOI Build-Up for 1,450 SF
Gross rent
$31.3K $21.60/SF
− Vacancy
−$2.0K −$1.40/SF
EGI
$29.3K $20.20/SF
− OpEx
−$8.8K −$6.06/SF
NOI
$20.5K $14.14/SF
Area
West Palm Beach, FL
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,980
Cap Rate 7%
$292,843
Cap Rate 9%
$227,767
Alternative Uses
Best Use
Retail
$292.8K
$256.2K – $341.7K
NOI $20,499 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$893.5K – $1.19M
NOI $71,482 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,520
Businesses Nearby
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Business Placement
Demographics for 33401, FL
31,302
Population
19,051
Households
1.6
Avg Household Size
40
Median Age
42%
College-Educated
89%
High-School Grad
5.1 sq mi
ZIP Area
6,138
Density / Sq Mi
$60,942
Median Household Income
$39,932
Median Earnings
$1,774
Median Rent
$430,900
Median Home Value
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Market
Average Price Trend$/SF for Retail space in West Palm Beach, FL
Properties on Market for Retail space in West Palm Beach
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Established 2003 retail space near I-95 and other major thoroughfares in West Palm Beach.
Where is this retail space located?
The property is located at 1750 N Congress Avenue #402 West Palm Beach, FL.
What are key features of this property?
This property features: Located within Renaissance Commons at 1750 N Congress Ave 402; Built in 2003; Positioned near I‑95 and other major thoroughfares
