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Property profile

2424 N Congress Ave N West Palm Beach, FL 33409

FOR LEASE
Strip malls
Property ID
US18-1266640
12,050 SF 1.03 ac lot Built 1981
Last sale Jul 2013 · $1,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a retail storefront located within a strip mall retail center, configured for use by retail-oriented tenants. Its setting supports pedestrian and bicycle access, with walkability and bikeability metrics reported as Walk Score 67 and Bike Score 57, and it has a moderate Transit Score of 36 indicating some access to public transportation. The listing information does not specify the unit’s internal configuration, exact frontage, parking arrangements, or current tenancy details.

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?
$17k
Tax billed · 2023
Assessed value$1.80M
Assessed land$555k
Assessed improvement$1.25M
Effective rate0.94%

Value estimate

· Oct 2026
$1.72M
$1.55M – $1.89M
NOI build-up
Gross scheduled income$2k
Vacancy & credit loss−$102
Operating expenses−$442
NOI · 38.22% cap applied$1k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$294/SF
Submarket average, outlier-cleaned · 77 recorded sales of this use type
Observed band · Q1–Q3$198 – $417

Cap rate analysis

How does the asset earn?
38.22%
$1k 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
JurisdictionPALM BEACH

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office17.8
Parking Facility11.5
Tailor Shop10.0

Location

2424 N Congress Ave N West Palm Beach, FL 33409
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1930 Military, West Palm Beach, FL 33409-4718 $10,075,000 Dec 2024 23,649 SF
2535 Military, West Palm Beach, FL 33409-2908 $2,000,000 Jul 2020 13,500 SF
1611 Military, West Palm Beach, FL 33409-4711 $2,000,000 Mar 2020 9,760 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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