Delray Beach Development
630 B Allen Avenue, Delray Beach, FL 33483
- Added:
- Feb 19, 2026
- Days on Market:
- 102
- Last Refresh:
- Jun 1 at 4:06 pm
Property Features for 630 B Allen Avenue
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- R-1-A(
- Standard status
- Active
- APN
- 12434609150020210
- Size
- 4,500 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SNOW HILL LTS 21 & 22 & TH PT OF 15 FT ALLEY (NOW ABANDONED) LYG SLY THERE OF & ADJ THERETO BLK B
- Tax Annual Amount
- 23708
Utilities
- Utilities
- Cable Available
- Water source
- Public
Listing agent Mark C Barone License #3255921 (561) 235-6801
Listing office Compass Florida LLC 101 N Federal Hwy, 5th Floor, Miami Beach, FL (305) 851-2820
Listing date Feb 19, 2026
MLS# R11165049
Listing URL
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
- Approved plans included for a 4500+ sq ft modern, luxurious single‑family home.
- Income‑generating four‑plex provides cash flow during development.
- Prime location east of Federal Highway in a thriving neighborhood.
- Surrounded by luxurious new single‑family homes.
- Development opportunity in a highly desirable area.
- Plans and survey available upon request.
Overview
This property presents a new development opportunity in a neighborhood characterized by luxurious single-family homes. The 0.33-acre lot currently features a four-plex that generates monthly income through tenants and Airbnb, providing cash flow to cover expenses while preparing for construction. Complete and approved plans for a modern, luxurious single-family home exceeding 4500 square feet will be delivered with the lot. Located east of Federal Highway in Delray Beach, Florida, the property offers a combination of location and potential. The zoning is R-1-A(. Plans and survey are available.
Local Financial Insights For Multifamily LT 5
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 | $113.4k | $25.20 |
| − Vacancy | −$6.2k | −$1.39 |
| EGI | $107.2k | $23.81 |
| − OpEx | −$32.1k | −$7.14 |
| NOI | $75.0k | $16.67 |
4,500 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$937.7K – $1.25M
NOI $75,014 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$988.7K
$865.1K – $1.15M
NOI $69,207 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$3.17M
$2.77M – $3.70M
NOI $221,841 @ 7.0% cap · market cap 20.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Residential land & home ...
Map
- City
- Delray Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.062942
- Latitude
- 26.482315
Nearby Similar for Sale
FAQs
What type of property is this?
Residential land & home lot - Land with approved plans for a luxurious single-family home.
Where is this residential land & home lot located?
The property is located at 630 B Allen Avenue Delray Beach, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approved plans included for a 4500+ sq ft modern, luxurious single‑family home.; Income‑generating four‑plex provides cash flow during development.; Prime location east of Federal Highway in a thriving neighborhood.
