Property profile

1590 S Congress Ave West Palm Beach, FL 33406

FOR SALE
Office buildings
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Property ID
US18-2306664
8,989 SF 1.41 ac 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.
Market Trends Soon

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. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

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

· Nov 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 · 14 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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