Office Building with Private
For Sale
$2,290,000
112 SE 10th Street, Delray Beach, FL 33483
SINGLE_FAMILY - Delray Beach, FL
Property Size5,040 SF
Lot Size0.34 Acres
Price / SF$454.37
Days on Market244
Property Features for 112 SE 10th Street
General Information
Property type
Residential
Property subtype
Office
Zoning
SAD(city)
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 4
Security features
Security Lighting
Subdivision
4220
Standard status
Active
APN
12434621130050090
Size
5,040 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SILVER TERRACE DELRAY LTS 9 & 10 BLK 5 & WLY 10 FT OF 50 FT ABND PT OF MIAMI BLVD LYG E OF & ADJ TO IN OR9812P430
Tax Annual Amount
22618
Legal Description
SILVER TERRACE DELRAY LTS 9 & 10 BLK 5 & WLY 10 FT OF 50 FT ABND PT OF MIAMI BLVD LYG E OF & ADJ TO IN OR9812P430
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
fire alarm
security system
outdoor patio
Building Details
Year built
1935
Floors in Building
2
Number of units
1
Flooring type
Tile, Carpet, Wood
Roof type
Aluminum
Listing Agency:
Regency Realty Services
(561) 394-4600
Listed By:
Matan Morag PA · License #3124553
(561) 706-0095
Added: Dec 3, 2025
Changed: Aug 1
Last Checked: Aug 4 at 8:06AM
MLS# R11144910
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office building offers a mix of private office suites, reception areas, and conference rooms, with an estimate of 11+ private suites. The layout includes multiple bathrooms (4 total) and washer/dryer hookup capability. Flooring includes tile, carpet, and wood, and the building is served by electric heating and central air conditioning. The property includes a large outdoor patio with a fenced yard, plus an opportunity to expand parking using extra rear space behind the yard fence.
Planned exterior and systems improvements are scheduled for 2025–2026, including an aluminum roof, flat roof updates, impact windows and doors, and a landscape redesign with sprinklers and lighting. Additional exterior work includes modern stucco and driveway and front-door widening. Interior life-safety and security features include a fire alarm, fire sprinkler system, and a security system.
Utilities include cable availability, with public water and public sewer. The building was built in 1935 and is zoned SAD(city).
Planned exterior and systems improvements are scheduled for 2025–2026, including an aluminum roof, flat roof updates, impact windows and doors, and a landscape redesign with sprinklers and lighting. Additional exterior work includes modern stucco and driveway and front-door widening. Interior life-safety and security features include a fire alarm, fire sprinkler system, and a security system.
Utilities include cable availability, with public water and public sewer. The building was built in 1935 and is zoned SAD(city).
Key Highlights
- 11+ private office suites plus reception and conference rooms
- Large outdoor patio with fenced yard
- 0.34‑acre lot and 5,040 SF building
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $229.8k | $45.60 |
| − Vacancy | −$51.7k | −$10.26 |
| EGI | $178.1k | $35.34 |
| − OpEx | −$44.5k | −$8.84 |
| NOI | $133.6k | $26.51 |
5,040 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.91M
$1.67M – $2.23M
NOI $133,585 @ 7.0% cap · market cap 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.55M
$3.11M – $4.14M
NOI $248,462 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,301
Businesses Nearby
Explore this area
Business Placement
Demographics for 33483, FL
13,103
Population
9,493
Households
1.4
Avg Household Size
59
Median Age
57%
College-Educated
93%
High-School Grad
3.8 sq mi
ZIP Area
3,448
Density / Sq Mi
$117,854
Median Household Income
$60,502
Median Earnings
$2,306
Median Rent
$755,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building on 0.34 acres with 11+ private suites, reception and conference rooms, and an outdoor patio with fenced yard.
Where is this office building located?
The property is located at 112 SE 10th Street Delray Beach, FL.
What is the asking price?
The asking price for this property is $2,290,000.
What are key features of this property?
This property features: 11+ private office suites plus reception and conference rooms; Large outdoor patio with fenced yard; 0.34‑acre lot and 5,040 SF building
