Second-Floor Office
New
For Sale
Contact for pricing
601 N Congress Avenue, Boynton Beach, FL 33435
Elevator access serves this light-filled workspace in a professional office building.
Property Size59,682 SF
Price / SF$0.02
Days on Market5
Property Features for 601 N Congress Avenue
General Information
Standard status
Active
Size
59,682 SF
Elevators
Yes
Property subtype
Office
Additional Details
Floor
2
Highway Access
Yes
Property Use
Office
Amenities
handicap-accessible shared restroom
Building Details
Year Built
2004
Listing Agency:
Strategic Choice Realty LLC
(561) 300-6010
Listed By:
Irene M Hey · License #3034674
(561) 573-6256
Source:
Lehmannflorida
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 1 at 3:36AM
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 Strategic Choice Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 500-square-foot office unit occupies the second floor of Building #1 at Congress Commerce Center, a 2004 property. Elevator access serves the space, which has wood flooring, recently refreshed interior paint, and impact-resistant windows facing Congress Avenue.
A shared restroom is handicap-accessible, and on-site parking is available. The property is minutes from I-95 and surrounded by restaurants and retail.
A shared restroom is handicap-accessible, and on-site parking is available. The property is minutes from I-95 and surrounded by restaurants and retail.
Key Highlights
- 500‑square‑foot office unit on the second floor of Building #1
- Elevator access and impact‑resistant windows facing Congress Avenue
- Wood flooring and fresh interior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,581,871
Suggested Prices Based on Cap Rates
Cap Rate 5%
$31,637,420
$31.6M
Cap Rate 7%
$22,598,157
$22.6M
Cap Rate 9%
$17,576,344
$17.6M
Market Conditions
NOI Build-Up for 59,682 SF
Gross rent
$2.72M $45.60/SF
− Vacancy
−$612.3K −$10.26/SF
EGI
$2.11M $35.34/SF
− OpEx
−$527.3K −$8.84/SF
NOI
$1.58M $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 Rate 5%
$31,637,420
Cap Rate 7%
$22,598,157
Cap Rate 9%
$17,576,344
Alternative Uses
Best Use
Office B
$22.60M
$19.77M – $26.36M
NOI $1,581,871 @ 7.0% cap · market cap 121,682.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$42.03M
$36.78M – $49.04M
NOI $2,942,198 @ 7.0% cap · market cap 226,322.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,903
Businesses Nearby
Explore this area
Business Placement
Demographics for 33435, FL
37,318
Population
20,058
Households
1.9
Avg Household Size
45
Median Age
32%
College-Educated
85%
High-School Grad
6.5 sq mi
ZIP Area
5,741
Density / Sq Mi
$66,612
Median Household Income
$35,488
Median Earnings
$1,846
Median Rent
$306,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Elevator access serves this light-filled workspace in a professional office building.
Where is this office unit located?
The property is located at 601 N Congress Avenue Boynton Beach, FL.
What are key features of this property?
This property features: 500‑square‑foot office unit on the second floor of Building #1; Elevator access and impact‑resistant windows facing Congress Avenue; Wood flooring and fresh interior paint
