Office Suite with Private
1880 N CONGRESS Avenue #214, Boynton Beach, FL 33426
For Sale
New
Contact for pricing
Renovated workspace with a dedicated reception area, conference room, and break room for day-to-day business use.
Property Size1,673 SF
Price / SF$3.29
Days on Market7
Property Features for 1880 N CONGRESS Avenue #214
General Information
Standard status
Size
Class
Property subtype
Additional Details
Condition
Highway Access
Property Use
Building Details
Year Built
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Lily Siu Cho · License FL #3184720
(561) 452-3909
Source:
Lehmannflorida
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 6:34AM
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 LPT Realty, LLC
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Investment Insights
Based on property information with market context.
Suite 214 at 1880 N Congress Avenue contains 1,673 SF of office space, including four private offices, a reception area, a conference room, and a break room. Renovated finishes, natural light, and views are part of the workspace. The building dates to 2008.
The property is in Boynton Beach, surrounded by restaurants, retail, and everyday amenities. I-95 and other major roadways provide access to the area. The layout is suited to office use; medical use would require applicable approvals.
The property is in Boynton Beach, surrounded by restaurants, retail, and everyday amenities. I-95 and other major roadways provide access to the area. The layout is suited to office use; medical use would require applicable approvals.
Key Highlights
- 1,673 SF office suite
- Four private offices with natural light and views
- Reception area, conference room, and break room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,370
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,067,400
$1.1M
Cap Rate 7%
$762,429
$762.4K
Cap Rate 9%
$593,000
$593.0K
Market Conditions
NOI Build-Up for 1,673 SF
Gross rent
$83.7K $50.04/SF
− Vacancy
−$12.6K −$7.51/SF
EGI
$71.2K $42.53/SF
− OpEx
−$17.8K −$10.63/SF
NOI
$53.4K $31.90/SF
Area
Palm Beach County, FL
Vacancy
15.00%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,067,400
Cap Rate 7%
$762,429
Cap Rate 9%
$593,000
Alternative Uses
Best Use
Office B
$762.4K
$667.1K – $889.5K
NOI $53,370 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,475 @ 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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,406
Businesses Nearby
Explore this area
Business Placement
Demographics for 33426, FL
25,155
Population
12,500
Households
2
Avg Household Size
43
Median Age
32%
College-Educated
91%
High-School Grad
6.1 sq mi
ZIP Area
4,124
Density / Sq Mi
$76,328
Median Household Income
$43,992
Median Earnings
$1,981
Median Rent
$298,500
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Palm Beach County, FL
Properties on Market for Office Units in Palm Beach County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Renovated workspace with a dedicated reception area, conference room, and break room for day-to-day business use.
Where is this office unit located?
The property is located at 1880 N CONGRESS Avenue #214 Boynton Beach, FL.
What are key features of this property?
This property features: 1,673 SF office suite; Four private offices with natural light and views; Reception area, conference room, and break room
