Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1974 Congress Ave Palm Springs, FL 33406-6674

    • Gas stations
    • 1,477 SF
    • 0.38 lot acres
    OFF-MARKET
    Last Sale
    Jun 16, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1083358
    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.

    Current Use by Public Records

    • Gas stations

    Property Details for 1974 Congress Ave

    Year built
    1958
    Construction
    CONCRETE
    Lot size
    0.38 lot acres
    Property size
    1,477 SF
    Zone code
    CG
    Property type
    Gas stations
    APN
    70-43-44-08-04-000-0551
    APU
    70434408040000551

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Springs
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0877
    Latitude
    26.6478
    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
    $16,970
    $456,427
    $217,801
    $674,228
    -
    $456,427
    $217,801
    $674,228

    Comparable in this City

    • Value Estimation by Request
      880 SF

      2521 Frst Hl Blvd

      SERVICE STATION (FULL SERVICE) • 880 SF
      2521 Frst Hl Blvd, West Palm Beach, FL 33406-5928
      View Details
    • Value Estimation by Request
      1,600 SF

      2765 Frst Hl Blvd

      SERVICE STATION (FULL SERVICE) • 1,600 SF
      2765 Frst Hl Blvd, West Palm Beach, FL 33406-5955
      View Details
    • Value Estimation by Request
      880 SF

      1705 Belvedere Rd

      SERVICE STATION (FULL SERVICE) • 880 SF
      1705 Belvedere Rd, West Palm Beach, FL 33406-1505
      View Details
    • Value Estimation by Request
      738 SF

      674 Congress Ave

      SERVICE STATION (FULL SERVICE) • 738 SF
      674 Congress Ave, West Palm Beach, FL 33406-4125
      View Details
    • Value Estimation by Request
      912 SF

      721 Congress Ave

      SERVICE STATION (FULL SERVICE) • 912 SF
      721 Congress Ave, West Palm Beach, FL 33406-4116
      View Details
    • Value Estimation
      $4,985,000
      12,351 SF

      3175 Belvedere Rd

      VEHICLE SALES, RENTALS • 12,351 SF
      3175 Belvedere Rd, West Palm Beach, FL 33406-1519
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Palm Beach County Development Sites

      Three approved car wash development sites in Palm Beach County.
      West Palm Beach, FL 33406
      View Details
    • $1,250,000

      Prime Commercial Property on Forest

      High-visibility commercial property on busy Forest Hill Blvd.
      2841 Forest Hill Blvd, West Palm Beach, FL 33406
      View Details
    • $149,000
      2,000 SF

      Established Convenience Store in Palm Springs

      Profitable convenience store in high-traffic Palm Springs location for sale.
      1946 S Congress Ave, Palm Springs, FL 33406
      View Details
    • $1,000,000
      0.67 Acres

      Prime Palm Springs Commercial Land

      0.67 Acres, High Traffic, Flexible Zoning
      1775 Congress Ave, Palm Springs, FL 33406
      View Details
    • $6,250,000

      Palm Springs Land For Sale

      Land available in Palm Springs, Florida.
      Dalinda Ln, Palm Springs, FL 33406
      View Details
    • $584,000

      Fully Rented Duplex in Palm Springs

      Updated duplex with tenants, close to amenities and highways.
      2907 Apalachee Rd, Palm Springs, FL 33406
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      6,916 SF

      High-Traffic Retail Building Sublease

      Freestanding retail building with high visibility and adaptable layout.
      3074 Forest Hill Blvd, West Palm Beach, FL 33406
      View Details
    • $2,500 /Mo
      21,780 SF

      Retail Space in West Palm

      Retail space available with high traffic street visibility.
      2930 Forest Hill Blvd, West Palm Beach, FL 33406
      View Details
    • Contact for pricing
      1,700 SF

      West Palm Beach Retail/Office Space

      Retail and office spaces available in West Palm Beach, FL.
      2669 Forest Hill Blvd, West Palm Beach, FL 33406
      View Details
    • $25 SF/Yr
      3,404 SF

      West Palm Beach Retail Opportunity

      Prime Retail Space - Immediate Occupancy
      2700 Forest Hill Blvd, West Palm Beach, FL 33406
      View Details
    • Contact for pricing
      2,430 SF

      Retail Space on Forest Hill

      Retail space available with aggressive lease rates and incentives.
      4316-4450 Forest Hill Blvd, West Palm Beach, FL 33406
      View Details
    • Contact for pricing
      6,813 SF

      Turnkey Educational Facility For Rent

      6,813 SF educational facility with approvals in place.
      1501 Forest Hill Blvd, West Palm Beach, FL 33406
      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.
    1974 Congress Ave
    Palm Springs, FL 33406-6674
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!