Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$10,430,000
Community centers
600 Congress Ave Delray Beach, FL 33445-3464
Entity Owned
23-yr Hold
Free & Clear
Property ID
US18-1991632
Property summary
AI-generated overview
Lake Ida Plaza, a single-story, 79,242 square foot retail strip center and restaurant space in Delray Beach, Florida, offers exceptional opportunities for businesses seeking high-visibility locations. Built in 1980 and recently renovated, this 7.47-acre property boasts updated building facades, landscaping, lighting, and signage. The center is strategically located at 600 N Congress Ave, Delray Beach, FL 33445, providing excellent visibility and ample parking. Spaces range from a minimum of 1,050 square feet to a maximum contiguous space of 6,200 square feet, making it suitable for a variety of retail and restaurant concepts. The property serves a thriving, year-round population, with over 103,000 people residing within a three-mile radius and an average household income exceeding $74,000. This prime location offers competitive rates for qualified tenants. The property's multiple tenancy structure provides a diverse and vibrant shopping environment.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1980
Construction
CONCRETE
Total area
39,132 SF
Lot
7.47 ac (325,393 SF)
Zoning code
PC
APN
12-43-46-07-01-001-0204
UPID
US18-1991632
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
-
Delray Beach AC Pros Hardware & Home Improvement HVAC Service
-
Nittq Joseph J DC Alternative Medicine Practice
-
Hot Yoga of Delray Gym & Fitness Center
-
Dollar General Discount Store
-
Your Go-to Destination for All Things Adorable and Spooky! (Bike/Boat/Book/etc) Store Arcade & Gaming Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.43M
Owner & transaction history
Ebj Holdings LLC · 23 yrs held
Ebj Holdings LLC
since 2003
5 recorded transactions
Zoning & alternative use
PC · Delray 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 Delray Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delray 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,555,000
6.5%
$11,590,000
7%
$10,760,000
Blend value · Realmo final
$10.43M
Range $9.39M – $11.47M · ±10%
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
$267 / 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
$260,199
Tax year 2023
Assessed value
$12,131,120
Assessed 2023
Previous assessed
$12,878,189
-5.8% YoY
Effective rate
2.14%
On assessed value
Assessed land
$4,734,562
Assessed improvement
$7,396,558
Land market value
$4,734,562
Improvement market value
$7,396,558
Total market value
$12,131,120
Applied tax rate
12,987.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1980
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
39,132 SF
Lot
7.47 ac (325,393 SF)
Zoning code
PC
APN
12-43-46-07-01-001-0204
UPID
US18-1991632
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PC · Delray Beach, FL
Zoning PC · permitted uses
PC · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Delray Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
7.47 ac
Current owner
From public records · entity-resolved
Ebj Holdings LLC
Entity
Free & Clear · 23 yrs held
Mailing address
4800 LINTON BLVD STE F107, DELRAY BEACH, FL 33445-6506
Ownership since
2003
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
Jul 9, 2020
—
Ebj Holdings LLC
—
Deed
related
$3,478,739 · Wells Fargo Bk
Jun 13, 2003
$6,850,000
Ebj Holdings LLC
Mdn Lake Ida INC
Grant Deed
related
—
—
—
Ebj Holdings LLC
—
Deed Of Trust
related
$5,100,000 · Wells Fargo Bank
—
—
Ebj Holdings LLC
—
Loan Modification
related
$3,478,739 · Wells Fargo Bk
—
—
Mdn Lake Ida INC
—
Deed Of Trust
related
$1,050,000 · Individual
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 600 Congress Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
