Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    140 Congress Ave Boynton Beach, FL 33426
    Back to Search
    Property profile & analytics

    140 Congress Ave Boynton Beach, FL 33426

    View on Map
    • Lifestyle centers
    • 42,696 SF
    • 4.72 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sunny Blue Pool Service / General Contractor
    • Europa Billiards / Bar & Pub
    • Palermo's Italian Bakery / Bakery / Specialty Food Shop
    • Viva Nails & Spa / Nail Salon
    • Joseph Salon / Hair Salon / Nail Salon

    Property Details for 140 Congress Ave

    Year built
    1986
    Lot size
    4.72 lot acres
    Property size
    42,696 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 42,696 square foot shopping center, situated at the high-traffic intersection of West Boynton Beach Boulevard and North Congress Avenue (40,500 vehicles per day), presents a prime retail leasing opportunity in Boynton Beach, Florida. The property boasts two single-story buildings constructed in 1986, offering a convenient 1,420 square foot space currently available for lease. This space is part of a larger center with a generous 125 parking spaces, providing a comfortable 6 spaces per 1,000 square feet. Access is easily managed via a signalized intersection and multiple entry points from North Congress Avenue, West Boynton Beach Boulevard, and Ocean Drive. The property benefits from its proximity to established retail powerhouses including Boynton Plaza, Boynton Commons, Oakwood Square, and the Boynton Beach Mall, ensuring high visibility and foot traffic. The location is further enhanced by its adjacency to Chuck E. Cheese's Plaza and a recently renovated shopping center featuring Office Depot and Gordon Food Service, with Wells Fargo and Truist outparcels directly across the street. The asking rent is $24.00 per square foot, plus $10.50 in common area maintenance charges. This is a second-generation barber shop space. Don't miss this chance to secure a space in a thriving retail environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Boynton Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0579
    Latitude
    26.5275

    Comparable in this City

    • Value Estimation by Request
      15,552 SF

      Congress Ave

      Lifestyle centers • 15,552 SF
      0 Congress Ave, Boynton Beach, FL 33426
      View Details
    • Value Estimation by Request
      110,185 SF

      4770-47967 Congress Ave

      Neighborhood centers • 110,185 SF
      4770-47967 Congress Ave, Boynton Beach, FL 33426
      View Details
    • Value Estimation
      $16,635,000
      107,166 SF

      4740 Congress Ave

      MINI-MALL • 107,166 SF
      4740 Congress Ave, Boynton Beach, FL 33426-7909
      View Details
    • Value Estimation
      $6,150,000
      33,290 SF

      901 Congress Ave Ste B101

      MINI-MALL • 33,290 SF
      901 Congress Ave Ste B101, Boynton Beach, FL 33426-3317
      View Details
    • Value Estimation
      $6,890,000
      49,260 SF

      1402 Boynton Bch Blvd

      MINI-MALL • 49,260 SF
      1402 Boynton Bch Blvd, Boynton Beach, FL 33426-3412
      View Details
    • Value Estimation
      $5,720,000
      20,916 SF

      300 Congress Ave

      MINI-MALL • 20,916 SF
      300 Congress Ave, Boynton Beach, FL 33426
      View Details

    Similar Nearby for Sale

    • $5,999,999
      15,240 SF

      Boynton Beach Warehouse with Office

      15,240 SF warehouse with high-end office space.
      121 Commerce Rd, Boynton Beach, FL 33426
      View Details
    • $669,000

      Boynton Beach Office Condo

      Office condo in a well-located, fully leased commercial center.
      1880 N Congress Ave, Boynton Beach, FL 33426
      View Details
    • $45,000
      Pending

      Operating Restaurant Business Opportunity

      Operating restaurant in Boynton Beach, Florida, ready for new owner.
      1313 W Boynton Beach Blvd, Boynton Beach, FL 33426
      View Details
    • $158,000
      0.17 Acres

      Boynton Beach Residential Lot

      Undeveloped residential lot with future potential in Boynton Beach.
      731 SW 3Rd Ave, Boynton Beach, FL 33426
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Boynton Beach, Florida.
      4701 N Congress Ave, Boynton Beach, FL 33426
      View Details
    • Contact for pricing
      8,627 SF

      Restaurant Space Near Boynton Mall

      Second generation restaurant space with outdoor patio and ample parking.
      1333 N Congress Ave, Boynton Beach, FL 33426
      View Details
    • Contact for pricing
      1,003 SF

      Retail Space Near Boynton Mall

      Retail space adjacent to Boynton Town Center and Boynton Beach Mall.
      320-398 N Congress Ave, Boynton Beach, FL 33426
      View Details
    • Contact for pricing

      Boynton Beach Shopping Center Space

      42,696 SF shopping center at high-traffic Boynton Beach intersection.
      140 N Congress Ave, Boynton Beach, FL 33426
      View Details
    • Contact for pricing
      4,468 SF

      Boynton Beach Retail Space Available

      Retail space in redeveloped neighborhood shopping center near I-95.
      4740-4786 N Congress Ave, Boynton Beach, FL 33426
      View Details
    • Contact for pricing
      2,960 SF

      Retail Space in Boynton Beach

      Retail space for lease with high traffic and future upgrades.
      2258-2288 N Congress Ave, Boynton Beach, FL 33426
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    140 Congress Ave
    Boynton Beach, FL 33426
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    140 Congress Ave, Boynton Beach, FL, 33426
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!