Medical Office
2135 S Congress Avenue #B3, Palm Springs, FL 33461
For Sale
Contact for pricing
Utilities are included, with access to a conference room for client meetings.
Property Size4,000 SF
Price / SF$0.28
Days on Market18
Property Features for 2135 S Congress Avenue #B3
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Property Use
Amenities
conference room
Building Details
Year Built
Listing Agency:
Ibero Property Management & Real Estate Services
Listed By:
Dwayne Prince Barrett · License #3318467
(561) 420-0640
Source:
Lehmannflorida
Added: Oct 21
Changed: Nov 6
Last Checked: Oct 23 at 3:29AM
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 Ibero Property Management & Real Estate Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 4,000-square-foot offering comprises professional office suites suited to medical, healthcare, and wellness practices. Utilities are included, and a conference room is available for client meetings. The building was constructed in 1986.
The property is at 2135 S Congress Avenue, Suite B3, in Palm Springs, near shopping, restaurants, and major highways.
The property is at 2135 S Congress Avenue, Suite B3, in Palm Springs, near shopping, restaurants, and major highways.
Key Highlights
- 4,000‑square‑foot medical office offering
- Utilities included
- Conference room available for client meetings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,704
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,054,080
$1.1M
Cap Rate 7%
$752,914
$752.9K
Cap Rate 9%
$585,600
$585.6K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$96.0K $24.00/SF
− Vacancy
−$8.2K −$2.04/SF
EGI
$87.8K $21.96/SF
− OpEx
−$35.1K −$8.78/SF
NOI
$52.7K $13.18/SF
Area
Palm Beach County, FL
Vacancy
8.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,054,080
Cap Rate 7%
$752,914
Cap Rate 9%
$585,600
Alternative Uses
Best Use
Office B
$1.51M
$1.33M – $1.77M
NOI $106,020 @ 7.0% cap · market cap 9,638.18%
Second Best
Healthcare Medical
$752.9K
$658.8K – $878.4K
NOI $52,704 @ 7.0% cap · market cap 4,791.27%
Theoretical Best
Office A
$2.82M
$2.46M – $3.29M
NOI $197,192 @ 7.0% cap · market cap 17,926.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,098
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33461, FL
47,161
Population
18,095
Households
2.6
Avg Household Size
36
Median Age
17%
College-Educated
75%
High-School Grad
7.1 sq mi
ZIP Area
6,642
Density / Sq Mi
$61,218
Median Household Income
$31,503
Median Earnings
$1,615
Median Rent
$263,400
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Palm Beach County, FL
Properties on Market for Medical Office Space in Palm Beach County
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Palm Springs Veterinary — 3401 S Congress Ave, Palm Springs, FL 33461
Frequently Asked Questions
What type of property is this?
Medical Office Space - Utilities are included, with access to a conference room for client meetings.
Where is this medical office space located?
The property is located at 2135 S Congress Avenue #B3 Palm Springs, FL.
What are key features of this property?
This property features: 4,000‑square‑foot medical office offering; Utilities included; Conference room available for client meetings
