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    Delray Beach Industrial Flex Unit Title is generated by Realmo AI

    1250 Wallace Drive, Delray Beach, FL 33444

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    Claim this Listing
    For Lease
    $27 SF/Yr $5,852/Mo (calc)

    COMMERCIAL - Delray Beach, FL

    Property size:
    2,601 SF
    Lot size:
    1.00 Acre
    Added:
    May 3, 2026
    Days on Market:
    8
    Last Refresh:
    May 10 at 7:06 pm

    Property Features for 1250 Wallace Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    MIC (city)
    Parking
    26
    Standard status
    Active
    APN
    12434620760000010
    Size
    2,601 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    WALLACE DRIVE COMMERCE CENTER CONDOMINIUM UNIT A
    Tax Annual Amount
    11328

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    2006
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Carpet, Concrete
    Building materials
    Concrete

    We can help!

    Listing Contact
    Federico Rochwerger PA

    Listing agent Federico Rochwerger PA License #3014927

    Listing office The Keyes Company 21065 Powerline Road Suite C-7, Miami, FL

    Listing date May 3, 2026

    MLS# B26025425

    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.

    HighLights

    • Prime Delray location minutes from I‑95, Linton Blvd, Dixie and Federal Hwy.
    • 2,601 SF industrial flex unit with professional office space and warehouse.
    • MIC zoning allows for diverse business uses (industrial, service, office, retail).
    • Warehouse with 20' ceilings (+/-) and a large 12'W x 14'H drive‑in door.
    • Corner unit in a well‑kept, contemporary complex.
    • Surrounding area with upscale and everyday retail options and high average household income ($126,551).

    Overview

    This 2,601 square foot industrial flex unit is available for lease in Delray Beach, Florida. The corner unit features professional office space and a warehouse with approximately 20-foot ceilings. A large 12-foot wide by 14-foot high drive-in door provides access to the warehouse area. An upstairs mezzanine and one private bathroom are included. The property is located within a well-kept, contemporary complex. The surrounding area includes a variety of retail options, such as banks, car dealerships, shops, and dining establishments. The location is situated minutes from I-95 Linton Blvd, Dixie, and Federal Highway. The MIC zoning allows for a variety of business uses, including industrial, service, office, and retail. The property is suitable for industrial, service, office, and retail businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hammerhead Industrial Manufacturer Shangri-la Boutique Clothing & Fashion Store Protek Systems, Inc. Industrial Manufacturer Delray Beach Windshield ... Auto Repair Shop FIRST ONSITE Property ... Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • S.N.A.K.M.s. Caterin — 1101 SW 8th St, Delray Beach, FL 33444

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.085239
    Latitude
    26.443774

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    FAQs

    What type of property is this?
    Flex space - 2,601 SF industrial flex unit in Delray Beach, FL.
    Where is this flex space located?
    The property is located at 1250 Wallace Drive Delray Beach, FL.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: Prime Delray location minutes from I‑95, Linton Blvd, Dixie and Federal Hwy.; 2,601 SF industrial flex unit with professional office space and warehouse.; MIC zoning allows for diverse business uses (industrial, service, office, retail).
    (561) 866-9616
    We can help!
    Listing Contact
    Federico Rochwerger PA
    Real Estate License ID: 3014927
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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