Medical Office
For Sale
$2,300,000
301-5055 S Congress Ave, Lake Worth, FL 33461
Functional practice space with existing infrastructure and optional furniture and therapy equipment.
Property Size4,200 SF
Price / SF$547.62
Days on Market104
Property Features for 301-5055 S Congress Ave
General Information
Standard status
Active
Size
4,200 SF
Taxes and HOA fees
Annual Taxes
$19,414
Listing Agency:
Keller Williams Realty Jupiter
(561) 906-2106
Listed By:
William Kelly · License #3526822
(561) 906-2106
Source:
Exprealty
Added: May 7
Changed: Aug 17
Last Checked: Aug 17 at 5:30PM
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 Keller Williams Realty Jupiter
Investment Insights
Based on property information with market context.
This medical office suite provides a functional layout within approximately 4,200 SF, with existing infrastructure supporting immediate practice use. Optional furniture and therapy equipment are available, allowing the next owner to retain or adapt those components as needed.
The property is located at 301-5055 S Congress Ave in Lake Worth, Florida. Its medical-office configuration and existing improvements provide a defined setting for a practice seeking usable space without starting from an empty shell.
The property is located at 301-5055 S Congress Ave in Lake Worth, Florida. Its medical-office configuration and existing improvements provide a defined setting for a practice seeking usable space without starting from an empty shell.
Key Highlights
- ±4, 200 SF medical office suite
- Existing infrastructure and functional layout
- Optional furniture and therapy equipment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$111,321
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,226,420
$2.2M
Cap Rate 7%
$1,590,300
$1.6M
Cap Rate 9%
$1,236,900
$1.2M
Market Conditions
NOI Build-Up for 4,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$191.5K $45.60/SF
− Vacancy
−$43.1K −$10.26/SF
EGI
$148.4K $35.34/SF
− OpEx
−$37.1K −$8.84/SF
NOI
$111.3K $26.51/SF
Area
Palm Beach County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,226,420
Cap Rate 7%
$1,590,300
Cap Rate 9%
$1,236,900
Alternative Uses
Best Use
Office B
$1.59M
$1.39M – $1.86M
NOI $111,321 @ 7.0% cap · market cap 4.84%
Second Best
Healthcare Medical
$790.6K
$691.7K – $922.3K
NOI $55,339 @ 7.0% cap · market cap 2.41%
Theoretical Best
Office A
$2.96M
$2.59M – $3.45M
NOI $207,051 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,235
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Functional practice space with existing infrastructure and optional furniture and therapy equipment.
Where is this medical office space located?
The property is located at 301-5055 S Congress Ave Lake Worth, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: ±4, 200 SF medical office suite; Existing infrastructure and functional layout; Optional furniture and therapy equipment
