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Property profile & analytics
FOR LEASE
Investment properties
601 Congress Ave 740, Delray Beach, FL 33445-4621
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-1162096
For Lease
1 / 15
$23 SF/Yr
601 Congress Ave,Unit 740, Delray Beach, FL 33445-4621
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2004
Construction
CONCRETE BLOCKS
Total area
1,419 SF
Lot
1 ac (43,560 SF)
APN
12-43-46-07-43-007-7400
UPID
US18-1162096
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
-
Steel Arch Factory Inc Metal Fabrication Plant Factory
-
Walk Easy Production Facility
-
Printit4Less.com Corporate Office
-
Power Lines Wholesale Big Box & Wholesale Store
-
Ability Glass & Mirror General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
$375k
Comparable Approach
Comparable
$675k
Blend (final)
Blend
$570k
Owner & transaction history
Commodity Systems INC · 4 yrs held
Commodity Systems INC
since 2022
Last sale
$459,000
5 recorded transactions
Zoning & alternative use
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
$745,000
ML approach
$710,000
CAP Approach
CAP Return
Estimation
6%
$410,000
6.5%
$375,000
7%
$350,000
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $459k (Jun 30 2022)
Last sale anchor
$459k
Jun 30 2022
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
$402 / 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
$7,377
Tax year 2023
Assessed value
$367,522
Assessed 2023
Previous assessed
$248,454
+47.9% YoY
Effective rate
2.01%
On assessed value
Assessed improvement
$367,522
Improvement market value
$367,522
Total market value
$367,522
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
2004
Construction
CONCRETE BLOCKS
Heating
NONE
Total area
1,419 SF
Lot
1 ac (43,560 SF)
APN
12-43-46-07-43-007-7400
UPID
US18-1162096
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2004
Construction
CONCRETE BLOCKS
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Commodity Systems INC
Entity
Free & Clear · 4 yrs held
Mailing address
7999 N FEDERAL HWY STE #201, BOCA RATON, FL 33487-1673
Ownership since
2022
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
Jun 30, 2022
$459,000
Commodity Systems INC
Dlee 420 LLC
Warranty Deed
—
Feb 25, 2009
—
Dlee 420 LLC
Steiner,david
Quit Claim Deed
related
—
Feb 23, 2009
$100
David Steiner
4 R Rehabilitation & Health
Trustees Deed
related
—
Nov 24, 2004
$304,500
Pain Rehabilitation 4r
Pkd LLC
Grant Deed
$228,500 · William F Wynne
—
—
R Pain Rehabilitation
—
Deed Of Trust
related
$275,000 · David Steiner
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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