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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    933 Congress Ave Delray Beach, FL 33445

    • Warehouses
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Aviara Properties / Property Management Company
    • MAG Beach Rentals / Vacation Home Rental Agency
    • MAG Real Estate & Development Inc. / Building Restoration Service / Custom Home Builder

    Property Details for 933 Congress Ave

    Property type
    Warehouses
    Property subtype
    Office Properties & Spaces

    Description

    This ±6,000 square foot multi-tenant property at 933 S Congress Ave, Delray Beach, Florida, offers a unique blend of office and warehouse space. The building boasts approximately 1,700 square feet of office space, ideal for administrative functions, complemented by a spacious warehouse area. The warehouse features an impressive 18-foot clear ceiling height, providing ample room for storage and various operational needs. Strategically located with direct access to Congress Avenue and convenient proximity to I-95, this property ensures easy access to major transportation routes, making it an excellent choice for businesses seeking a prime location in Palm Beach County. The property is situated in Delray Beach, Florida, zip code 33445. One space is currently available. This information is believed to be reliable but should be independently verified. Prospective tenants are encouraged to conduct their own due diligence.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0917
    Latitude
    26.4485

    Comparable in this City

    • Value Estimation by Request
      104,406 SF

      2855-2915 Congress Ave

      Manufacturing properties • 104,406 SF
      2855-2915 Congress Ave, Delray Beach, FL 33445
      View Details
    • Value Estimation
      $395,000
      1,608 SF

      1855 Dr Andres Way Ste, Unit 3

      DISTRIBUTION WAREHOUSE • 1,608 SF
      1855 Dr Andres Way Ste, Delray Beach, FL 33445-4658
      View Details
    • Value Estimation
      $1,005,000
      1,680 SF

      1855 Dr Andres Way Ste, Unit 8

      DISTRIBUTION WAREHOUSE • 1,680 SF
      1855 Dr Andres Way Ste, Delray Beach, FL 33445-4658
      View Details
    • Value Estimation
      $985,000
      5,450 SF

      250 Congress Ave, Unit A

      DISTRIBUTION WAREHOUSE • 5,450 SF
      250 Congress Ave, Delray Beach, FL 33445-3415
      View Details
    • Value Estimation
      $350,000
      2,860 SF

      1025 17th Ave Ste D

      DISTRIBUTION WAREHOUSE • 2,860 SF
      1025 17th Ave Ste D, Delray Beach, FL 33445-2563
      View Details
    • Value Estimation by Request
      0.54 Acres

      2101 Congress Ave

      DISTRIBUTION WAREHOUSE • 0.54 Acres
      2101 Congress Ave, Delray Beach, FL 33445-7307
      View Details

    Similar Nearby for Sale

    • $1,950,000
      4,681 SF

      Delray Beach Warehouse - $1.95M

      Prime Delray Beach warehouse, 4,681 sq ft.
      601 Congress Ave, Delray Beach, FL 33445
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    • $2,545,000
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      Delray Beach Warehouse with Storage

      Freestanding warehouse with secured outdoor storage in Delray Beach.
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    • $185,000
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      Delray Beach Office Condominium

      REO office condo in prime Delray Beach location.
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    • $4,250,000
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      Prime Delray Beach retail space, high traffic.
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    • $6,400,000
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      New Regions Bank Ground Lease

      New 15-year Regions Bank ground lease in Delray Beach, FL.
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    • $1,675,000
      0.97 Acres

      Lakefront Lot in Seagate Country

      Spacious lakefront lot in prestigious Seagate Country Club community.
      330 Glenwood Dr, Delray Beach, FL 33445
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    Similar Nearby for Lease

    • $24 SF/Yr

      Delray Business Park Office/Warehouse

      Office/warehouse building in Delray Beach, minutes from I-95.
      1255 NW 17Th Ave, Delray Beach, FL 33445
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    • $24 SF/Yr
      3,442 SF

      Delray Beach Office Warehouse Space

      3,000 SF office warehouse with renovated office space.
      2915 S Congress Ave, Delray Beach, FL 33445
      View Details
    • $25 SF/Yr
      2,570 SF

      Delray Beach Warehouse Space Available

      2,815 SF small bay warehouse with office space for rent.
      2875 S Congress Ave, Delray Beach, FL 33445
      View Details
    • Contact for pricing
      3,442 SF

      Renovated Flex Space Available

      Newly renovated flex space with office and warehouse components.
      2905 S Congress Ave, Delray Beach, FL 33445
      View Details
    • $25 SF/Yr
      1,375 SF

      Delray Business Center Flex Space

      Flex space in Delray Beach with warehouse and office components.
      125 N Congress Ave, Delray Beach, FL 33445
      View Details
    • New
      $21 SF/Yr
      3,100 SF

      Delray Beach Industrial Space

      3,100 SF industrial space with mezzanine and high ceilings.
      601 N Congress Ave, Delray Beach, FL 33445
      View Details
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    933 Congress Ave
    Delray Beach, FL 33445
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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