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Property profile & analytics
OFF-MARKET Estimated value $13,485,000
Office buildings

220 Congress Park Dr Delray Beach, FL 33445-4670

57,530 SF 3.81 ac lot Built 1984
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US19-0839063
Property summary
AI-generated overview

Exceptional sublease opportunity in a prestigious East Delray Beach, Class A office building, just blocks from I-95. This single-tenant, 57,530 sq ft building offers several private office suites available for immediate occupancy. Six uniquely sized offices are available for sublease, ideal for professionals such as attorneys, counselors, or other similar businesses. Several offices boast large windows overlooking a tranquil lake and garden area with outdoor seating. Some suites include existing desks and filing cabinets. The building provides an all-inclusive experience with amenities such as a spacious conference room, comfortable indoor lobby, kitchen, large lounge area with seating, and a dedicated meditation room. Office sizes range from 100 sq ft to 140 sq ft, with monthly rental rates ranging from $1,400 to $1,900. Specific office sizes and rental rates are as follows: two 100 sq ft offices at $1,400/month each; one 120 sq ft office at $1,575/month; two 108 sq ft offices at $1,509/month each; and one 140 sq ft office at $1,900/month. The sublease includes all utilities except property taxes, which are billed separately. The property's APN is 12434618550050000 and is zoned MROC(c). This is a single-tenant occupancy in a building with one suite.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1984
Construction CONCRETE
Total area 57,530 SF
Lot 3.81 ac (165,964 SF)
Zoning code MROC
APN 12-43-46-18-55-005-0000
UPID US19-0839063
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • FirstBank Reverse Mortgage Bank Loan Service
  • Surety Bonds & Construction Insurance Agency
  • Nielson, Rosenhaus & Associates Insurance Agency
  • Supreme Screen Enclosures Building Supply Renovation Specialist
  • iCruise.com - Discount Cruise Vacations - All Major Cruise Lines Travel Agency Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$16.49M
Blend (final) Blend
$13.49M
Owner & transaction history
Tmt Properties 220 Delray LLC · 7 yrs held
Tmt Properties 220 Delray LLC
since 2018
7 recorded transactions
2018
$11.4M
2014
$8.0M
2012
$4.3M
2011
$1.5M
2006
$9.9M
2005
$7.5M
1969
Price N/A
Zoning & alternative use
MROC · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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