Technical
Financial
Distress signals
Property profile

242 Congress Ave West Palm Beach, FL 33406

OFF-MARKET
Grocery and convenience stores
Property ID
US18-1087007
5,160 SF 2.25 ac lot Built 2007
Entity Owned 16-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 2007
Construction WOOD
Total area 5,160 SF
Lot 2.25 ac (97,914 SF)
Zoning code UC
APN 00-43-44-05-23-000-0013
UPID US18-1087007

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering
  • Cafe & Coffee Shop
  • Grocery & Convenience Store
  • Atm Cars
  • Restaurant Take-out & Catering

Location

242 Congress Ave West Palm Beach, FL 33406-3023
West Palm Beach metro Census 3801 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.29M
Comparable Approach Comparable
$1.48M
Blend (final) Blend
$1.11M

Owner & transaction history

since 2009
7 recorded transactions
2017
Price N/A
2009
$4.0M
2009
$2.4M
2009
Price N/A
2007
Price N/A
2006
Price N/A
2005
$1.6M

Zoning & alternative use

UC · West Palm Beach, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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