Financial
Distress signals
Property profile

1590 S Congress Ave West Palm Beach, FL 33406

FOR SALE
Office buildings
Property ID
US18-2306664
8,989 SF 1.41 ac lot Built 1989
Last sale Dec 2023 · $500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a freestanding office/medical building totaling 8,989 square feet on approximately 1.41 acres, zoned CG (General Commercial). It underwent a complete ground-up remodel in 2019, with updated interior systems and finishes and a flexible layout suited for medical uses, professional office use, or owner-user occupancy. The site includes a large, private parking area designed for high-capacity use, with 60+ on-site spaces including four dedicated handicap spaces; the parking lot is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$45k
Tax billed · 2023
Assessed value$2.26M
Assessed land$860k
Assessed improvement$1.40M
Effective rate1.99%

Value estimate

· Sep 2026
$445k
$401k – $490k
AI approach$350k
NOI build-up
Gross scheduled income$496k
Vacancy & credit loss−$78k
Operating expenses−$104k
NOI · 6.67% cap applied$313k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$680/SF
ZIP average, outlier-cleaned · 37 recorded sales of this use type
Observed band · Q1–Q3$362 – $1,019
Qualifying comparables3

Cap rate analysis

How does the asset earn?
6.67%
$313k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CG
It is the purpose of the CG commercial general land development district to provide lands within the village for a wide range of goods an...
General categoryCOMMERCIAL
JurisdictionPALM BEACH

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility12.2
Bakery10.7
Locksmith9.3

Location

1590 S Congress Ave West Palm Beach, FL 33406
County assessor Recorded deeds · 5 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1860 Frst Hl, Lake Clarke Shores, FL 33406-6086 $6,650,000 Jul 2025 19,816 SF
1870 Frst Hl, Lake Clarke Shores, FL 33406-8901 $6,650,000 Jul 2025 21,935 SF
2393 Congress Ave, Palm Springs, FL 33406-7628 $1,410,000 Aug 2022 17,662 SF
1155 Congress, West Palm Beach, FL 33406-5114 $1,800,000 Jun 2020 7,992 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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