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Property profile & analytics
OFF-MARKET
Estimated value
$9,675,000
Office buildings
4400 Congress Ave West Palm Beach, FL 33407-3226
Entity Owned
~
Est. High Equity
Property ID
US18-3642568
Property summary
AI-generated overview
Congress Center North offers ±3,320 square feet of traditional office space in a two-story, Class B building (42,499 total square feet) constructed in 1986 and renovated in 2001. Located in West Palm Beach, Palm Beach County, this multi-tenant property boasts convenient access to I-95 at 45th Street, providing an easy commute to area amenities, including Downtown West Palm Beach, Palm Beach International Airport, and several major hospitals. The building features recent common area upgrades, covered parking, and professional ownership and management. The property is zoned CPUD and has an APN of 74-43-43-06-06-000-0030. Building signage opportunities are available, and an improvement allowance may be offered to qualified tenants. The estimated 2024 common area maintenance (CAM) charge is $13.60 per square foot, in addition to base rent. Immediate occupancy is available. This prime location offers excellent visibility and accessibility, making it an ideal space for a variety of businesses. The building includes elevators.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1986
Construction
CONCRETE
Total area
42,499 SF
Lot
2.29 ac (99,752 SF)
Zoning code
CPD
APN
74-43-43-06-06-000-0030
UPID
US18-3642568
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
-
Katie Mittelstaedt Physician Medical Clinic
-
Magnolia Ranch Recovery Medical Clinic
-
Foster Grandparent Program Retirement Community Nursing Home
-
Megan Fahey, MS, RD, IFNCP Physician
-
Oasis Outsourcing Inc Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.37M
Blend (final)
Blend
$9.68M
Owner & transaction history
Synchrony Real Estate Group LLC
Synchrony Real Estate Group LLC
since 2025
Last sale
$8.8M
5 recorded transactions
Zoning & alternative use
CPD · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs West Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Palm Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$11,285,000
ML approach
$11,425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$13,315,000
Current use
Blend value · Realmo final
$9.68M
Range $8.71M – $10.64M · ±10% · vs last sale $8.75M (Dec 19 2025)
Last sale anchor
$8.75M
Dec 19 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$228 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$145,608
Tax year 2023
Assessed value
$6,411,598
Assessed 2023
Previous assessed
$5,992,874
+7.0% YoY
Effective rate
2.27%
On assessed value
Assessed land
$1,026,448
Assessed improvement
$5,385,150
Land market value
$1,026,448
Improvement market value
$5,385,150
Total market value
$6,411,598
Applied tax rate
74,407.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
42,499 SF
Lot
2.29 ac (99,752 SF)
Zoning code
CPD
APN
74-43-43-06-06-000-0030
UPID
US18-3642568
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CPD · West Palm Beach, FL
Zoning CPD · permitted uses
CPD · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Palm Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$13.3M
OFFICE BUILDING Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
2.29 ac
Current owner
From public records · entity-resolved
Synchrony Real Estate Group LLC
Entity
Mailing address
104 WOODMONT BLVD STE #203, NASHVILLE, TN 37205-2245
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2025
$8,750,000
Synchrony Real Estate Group LLC
Excelsior Congress Center North LLC
Special Warranty Deed
$3,500,000 · Truist Bank
Jun 8, 2021
$8,560,000
Excelsior Congress Center North LLC
Congress Center North LLC
Special Warranty Deed
$4,980,000 · Key Bank NA
Dec 6, 2007
$7,170,000
Congress Center North LLC
Beacon Office Associates LLC
Grant Deed
—
Aug 22, 2000
$2,750,000
Beacon Office Associates LLC
Republic Security Bank
Grant Deed
$2,000,000 · Republic Security Bank
—
—
Beacon Office Associates LLC
—
Deed Of Trust
related
$946,956 · Principal Life Insurance Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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