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    1601 Congress Ave Boynton Beach, FL 33426-6543
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    Property profile & analytics

    1601 Congress Ave, Boynton Beach, FL 33426-6543

    View on Map
    • Drug stores
    • 19,123 SF
    • 2.14 lot acres
    Off-Market
    Property ID
    US18-4492740
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,530,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Bistro / Restaurant
    • Donate a Car to Charity Boynton Beach FL / Charitable Organization
    • Simply The Truth Ministries / Church
    • FedEx OnSite / Postal Service / Courier Service
    • Walgreens / Pharmacy

    Property Details for 1601 Congress Ave

    Year built
    2004
    Construction
    CONCRETE
    Lot size
    2.14 lot acres
    Zone code
    C3
    Property type
    Drug stores
    APN
    08-43-45-31-17-002-0010
    APU
    8434531170020010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 10, 2020 $19,000,000 Boynton Property Holdings LLC Boulder Hotel Boynton Bch LLC Grant Deed $15.2M · Bank Of America
    Apr 4, 2019 — 1601 S Congress LLC — Deed · related $5M · Securityplus FCU
    Jan 22, 2018 $19,609,139 Boulder Hotel Boynton Bch LLC Oprock Boynton Fee LLC Grant Deed —
    Dec 20, 2016 $105,000 1601 S Congrss LLC Frist Re Venture LLC Warranty Deed —
    Jul 1, 2016 — Frist Re Ventures LLC — Deed · related $4.6M · Sw Partners LLC
    Jul 6, 2015 $4,400,000 Frist Re Ventures LLC Woolbright Plaza Assocs LLC Grant Deed $4.6M · Sw Partners LLC
    Nov 13, 2014 — Florida Cmnty Bk Florida Cmnty Bk Coc Quit Claim Deed · related —
    — — Frist Re Ventures LLC — Loan Modification · related $4.6M · Sw Partners LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,390,000
      6.5%
      $4,975,000
      7%
      $4,620,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $7,535,000
      OFFICE BUILDING
      $6,435,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Boynton Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.091
    Latitude
    26.5127
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $118,573
    $2,549,711
    $2,839,984
    $5,389,695
    -
    $2,549,711
    $2,839,984
    $5,389,695

    Comparable in this City

    • Value Estimation
      $2,175,000
      12,465 SF

      1040 Industrial Ave, Unit 1

      SHOW ROOM, WAREHOUSE
      1040 Industrial Ave, Boynton Beach, FL 33426-3000
      View Details
    • Value Estimation
      $1,920,000
      7,000 SF

      1580 High Rdg Rd

      SHOW ROOM, WAREHOUSE
      1580 High Rdg Rd, Boynton Beach, FL 33426-8724
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    • Value Estimation
      $4,905,000
      16,672 SF

      2400 Hypoluxo Rd

      SHOW ROOM, WAREHOUSE
      2400 Hypoluxo Rd, Boynton Beach, FL 33426
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    • Value Estimation
      $1,600,000
      4,171 SF

      1536 8th St

      RETAIL STORES (PERSONAL SERVICES)
      1536 8th St, Boynton Beach, FL 33426-5827
      View Details
    • Value Estimation
      $3,360,000
      21,001 SF

      131 Commerce Rd

      SHOW ROOM, WAREHOUSE
      131 Commerce Rd, Boynton Beach, FL 33426-9365
      View Details
    • Value Estimation
      $3,310,000
      22,832 SF

      2960 Commerce Park Dr

      SHOW ROOM, WAREHOUSE
      2960 Commerce Park Dr, Boynton Beach, FL 33426-8773
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,200 SF

      Boynton Beach Retail Opportunity

      Retail space available for sale in Boynton Beach, Florida.
      1500 Sw 8Th St, 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
    • Contact for pricing
      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
    • $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
      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
    • Contact for pricing
      5,000 SF

      Retail Space in Boynton Beach

      Retail space available adjacent to Boynton Town Center.
      382 N Congress Ave, Boynton Beach, FL 33426
      View Details
    • Contact for pricing
      975 SF

      Retail Space Near Retail Centers

      Retail spaces available near Boynton Beach Mall and Interstate-95.
      244 N Congress Ave, Boynton Beach, FL 33426
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Boynton Beach

      Retail space available in Boynton Beach's main retail corridor.
      2212-2252 N Congress Ave, Boynton Beach, FL 33426
      View Details
    • Contact for pricing
      4,675 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

      Retail Space for Lease

      Retail space available for lease in Boynton Beach, Florida.
      4701 N Congress Ave, Boynton Beach, FL 33426
      View Details
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    Boynton Beach, FL 33426-6543
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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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