Flex Space with Roll-Up
For Sale
Contact for pricing
230 N Congress Avenue Multiple Units, Lake Park, FL 33403
Each unit has a private restroom, dedicated AC, and an impact-glass entrance.
Property Size714 SF
Price / SF$3.40
Days on Market21
Property Features for 230 N Congress Avenue Multiple Units
General Information
Standard status
Active
Size
714 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Amenities
impact-glass entry door
private restroom
high ceilings
AC unit
roll up door
sink-outfitted plumbing
lake view
street frontage
extra back door
Building Details
Year Built
2023
Listing Agency:
Touchstone-Webb Realty Co.
(561) 659-5554
Listed By:
Chloe Bailey · License #3482050
(561) 801-0229
Source:
Lehmannflorida
Added: Oct 2
Changed: Oct 21
Last Checked: Oct 21 at 2:15AM
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 Touchstone-Webb Realty Co.
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Investment Insights
Based on property information with market context.
Built in 2023, Lake Park Innovation Center offers flex units ranging from 585 to 840 square feet. Each space includes an impact-glass entry door, private restroom, individual AC unit, roll-up door, and ceilings measuring more than 16 feet. Some units also have sink-equipped plumbing, an additional rear door, lake views, or street-facing windows; features vary by unit.
The property is across the street from ALDI and close to I-95. Lease terms are one year, with water and trash included.
The property is across the street from ALDI and close to I-95. Lease terms are one year, with water and trash included.
Key Highlights
- Built in 2023
- Flex units range from 585 square feet to 840 square feet
- 16+ft ceilings in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,708
Suggested Prices Based on Cap Rates
Cap Rate 5%
$154,160
$154.2K
Cap Rate 7%
$110,114
$110.1K
Cap Rate 9%
$85,644
$85.6K
Market Conditions
NOI Build-Up for 714 SF
Gross rent
$11.7K $16.32/SF
− Vacancy
−$641 −$0.90/SF
EGI
$11.0K $15.42/SF
− OpEx
−$3.3K −$4.63/SF
NOI
$7.7K $10.80/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$154,160
Cap Rate 7%
$110,114
Cap Rate 9%
$85,644
Alternative Uses
Best Use
Office B
$270.4K
$236.6K – $315.4K
NOI $18,925 @ 7.0% cap · market cap 780.41%
Second Best
Flex RnD
$224.4K
$196.3K – $261.8K
NOI $15,705 @ 7.0% cap · market cap 647.63%
Theoretical Best
Office A
$502.8K
$440.0K – $586.7K
NOI $35,199 @ 7.0% cap · market cap 1,451.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,513
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33403, FL
13,779
Population
5,906
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
3.3 sq mi
ZIP Area
4,175
Density / Sq Mi
$69,050
Median Household Income
$34,019
Median Earnings
$1,426
Median Rent
$340,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Each unit has a private restroom, dedicated AC, and an impact-glass entrance.
Where is this flex space located?
The property is located at 230 N Congress Avenue Multiple Units Lake Park, FL.
What are key features of this property?
This property features: Built in 2023; Flex units range from 585 square feet to 840 square feet; 16+ft ceilings in each unit
