Property profile

4601 Congress Ave West Palm Beach, FL 33407

OFF-MARKET
Medical Office Space
Property ID
US18-6337986
25,352 SF 1.18 ac lot Built 1992
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional medical office building, located at 4601 N Congress Avenue in West Palm Beach, Florida, offers ±24,820 square feet of prime space. Currently, there are multiple suites available, ranging from a minimum of 1,104 square feet to a maximum contiguous space of 2,888 square feet. A total of 7,142 square feet is currently vacant and ready for immediate occupancy. The building is situated on the campus of JFK Hospital North Campus, providing a highly desirable location for medical professionals. Its strategic placement, just one block east of I-95 and near the intersection of 45th Street and Congress Avenue, ensures easy access and high visibility. This West Palm Beach property boasts a convenient location, placing it within minutes of a wide array of shopping, dining, banking, and lodging amenities. The building's address is 4601 N Congress Ave, West Palm Beach, FL 33407, in Palm Beach County. This is a multi-tenant property offering flexible space options to suit various medical practices. The building's prime location and proximity to JFK Hospital North Campus make it an ideal investment opportunity for medical professionals seeking a thriving and accessible location.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1992
Construction CONCRETE
Total area 25,352 SF
Lot 1.18 ac (51,601 SF)
Zoning code CSPD
APN 74-43-43-06-19-002-0000
UPID US18-6337986

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
  • Production Facility Factory
  • Pharmacy
  • Physician
  • Medical Laboratory
  • Physician

Location

4601 Congress Ave West Palm Beach, FL 33407-3381
West Palm Beach metro Census 1402 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.83M
CAP Approach CAP
$5.46M
Comparable Approach Comparable
$4.45M
Blend (final) Blend
$7.78M

Owner & transaction history

since 2021
Last sale
$6.3M
3 recorded transactions
2021
$6.3M
2020
$5.0M
2020
$1.0M

Zoning & alternative use

CSPD · West Palm Beach, FL
Zoning description

ents. Secs. 94-176-94-200. - Reserved. ARTICLE VII. - SPECIAL DISTRICTS Sec. 94-201. - General development standards. Sec. 94-202. - Community service (CS) district. Sec. 94-203. - Community service planned development (…

General category PLANNED_DEVELOPMENT

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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