Office Condo with Private
For Sale
$685,000
601 N Congress Ave Suite 426, Delray Beach, FL 33445
Two windowed private offices plus bullpen space make this an efficient owner-user or investor-tenant option.
Property Size1,500 SF
Price / SF$456.67
Days on Market51
Property Features for 601 N Congress Ave Suite 426
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Additional Details
Sprinkler System
Yes
Building Details
Year Built
2004
Listing Agency:
H&B Commercial
(561) 279-9251
Listed By:
Katherin M Khidirian · License #BK3079662
(561) 279-9251
Source:
Elliman
Added: Jun 15
Changed: Jul 10
Last Checked: Aug 4 at 10:13AM
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 H&B Commercial
Investment Insights
Based on property information with market context.
This offering is a 1,500 SF office condo built with solid 2004 tilt-wall construction, impact glass, and fire sprinklers. The space is configured with two bright, spacious, private offices that include windows, with French doors opening into a large open bullpen area. An ADA-compliant restroom is included, supporting everyday accessibility needs. The property can be held as an in-place option, with an out-clause in place if a tenant relocation is needed.
The location is car-dependent based on available walk and bike scores, supporting convenient access for staff and visitors. The property is presented as an individually offered office unit within a broader commercial setting.
Designed for straightforward office use, this layout supports teams that need enclosed offices alongside shared workstation space in the bullpen. The combination of private rooms, open area, ADA restroom, and sprinklered tilt-wall construction can accommodate a variety of professional services while giving an owner flexibility to keep the tenant in place or transition the space for an owner-occupant plan.
The location is car-dependent based on available walk and bike scores, supporting convenient access for staff and visitors. The property is presented as an individually offered office unit within a broader commercial setting.
Designed for straightforward office use, this layout supports teams that need enclosed offices alongside shared workstation space in the bullpen. The combination of private rooms, open area, ADA restroom, and sprinklered tilt-wall construction can accommodate a variety of professional services while giving an owner flexibility to keep the tenant in place or transition the space for an owner-occupant plan.
Key Highlights
- 1,500 SF office condo built in 2004
- Two bright, spacious, private offices with windows
- French doors open to a large open bullpen area
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.4k | $45.60 |
| − Vacancy | −$15.4k | −$10.26 |
| EGI | $53.0k | $35.34 |
| − OpEx | −$13.3k | −$8.84 |
| NOI | $39.8k | $26.51 |
1,500 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$568.0K
$497.0K – $662.6K
NOI $39,758 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$924.3K – $1.23M
NOI $73,947 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,035
Businesses Nearby
Explore this area
Business Placement
Demographics for 33445, FL
32,265
Population
17,584
Households
1.8
Avg Household Size
51
Median Age
39%
College-Educated
90%
High-School Grad
8.1 sq mi
ZIP Area
3,983
Density / Sq Mi
$70,748
Median Household Income
$41,169
Median Earnings
$1,991
Median Rent
$282,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two windowed private offices plus bullpen space make this an efficient owner-user or investor-tenant option.
Where is this office units located?
The property is located at 601 N Congress Ave Suite 426 Delray Beach, FL.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: 1,500 SF office condo built in 2004; Two bright, spacious, private offices with windows; French doors open to a large open bullpen area
