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    The Largest CRE Database in the US with Over 1 Million Listings

    800 SW 15th Avenue Delray Beach, FL 33444

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    Claim this Listing
    Pending
    $898,788

    COMMERCIAL - Delray Beach, FL

    Added:
    Oct 18, 2017
    Days on Market:
    3105
    Last Refresh:
    Apr 18 at 11:06 am

    Property Features for 800 SW 15th Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    I (city)
    Parking
    18
    Standard status
    Pending
    APN
    12434620050020250

    Taxes and HOA fees

    Tax Year
    2016
    Tax Description
    DELRAY BCH HGTS EXT SEC A IN LTS 25 THRU 27 BLK 2 & DELRAY BCH HGTS EXT SEC B IN LTS 19 THRU 21 BLK 2

    Building Details

    Year built
    1972
    Floors in Building
    1
    Flooring type
    Concrete, Tile
    Roof type
    Barrel

    We can help!

    Listing Contact
    David V Gunther

    Listing agent David V Gunther

    Listing office Balistreri Real Estate Inc 2250 Glades Road 2nd Floor, Pompano Beach, FL

    Listing date Oct 18, 2017

    MLS# F10089890

    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.

    Overview

    Delray Beach Commercial Investment Property

    This commercial property in Delray Beach, Florida, presents an opportunity for an end user seeking an investment. The east side of the property can be utilized for business operations, while the west side, featuring storage bays and two office/warehouses, can be leased to tenants. Currently, the west side is 80% occupied, with the owner utilizing some of the storage space. The property allows for business expansion as needed, while generating income in the interim. Given the high demand for industrial and storage spaces, this property represents a strong investment opportunity. The property is zoned I (city).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bulldog Fence of Florida General Contractor

    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

    • Paramount Van Lines — 905 SW 14th Ave, Delray Beach, FL 33444
    • CubeSmart Self Storage — 1125 Wallace Dr, Delray Beach, FL 33444
    • US Storage Centers — 1425 SW 10th St, Delray Beach, FL 33444
    • Life Storage - Delray Beach — 1099 S Congress Ave, Delray Beach, FL 33445
    • Top-Notch Delivery Service — 1405 Poinsettia Dr #8, Delray Beach, FL 33444

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.088497
    Latitude
    26.449076

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    FAQs

    What type of property is this?
    Warehouse - Investment opportunity with income potential in Delray Beach, Florida.
    Where is this warehouse located?
    The property is located at 800 SW 15th Avenue Delray Beach, FL.
    What is the asking price?
    The asking price for this property is $898,788.
    What are key features of this property?
    This property features: Opportunity for business use with rental income potential.; High demand location for industrial and storage use.; Potential for business expansion within the property.
    (754) 235-7012
    We can help!
    Listing Contact
    David V Gunther
    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.

    More about this property
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