Private Office Suite
For Sale
$2,290,000
112 SE 10th St, Delray Beach, FL 33483
Multi-suite office property with conference rooms, reception areas, kitchens, and a fenced outdoor patio.
Property Size5,040 SF
Price / SF$454.37
Days on Market46
Property Features for 112 SE 10th St
General Information
Standard status
Active
Size
5,040 SF
Additional Details
Sprinkler System
Yes
Amenities
reception areas
conference rooms
kitchen on each floor
washer/dryer hookups
large outdoor patio with fenced yard
fire alarm
security system
impact windows/doors
Building Details
Year Built
1935
Buildings
1
Listing Agency:
Regency Realty Services
Listed By:
Matan Morag PA · License #3124553
(561) 706-0095
Source:
Thepennteam
Added: Sep 21
Changed: Oct 26
Last Checked: Oct 7 at 4:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Regency Realty Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building at 112 SE 10th St in Delray Beach includes 11+ private office suites, reception areas, and conference rooms. Kitchens are planned for each floor, and the property includes washer/dryer hookups, 4 bathrooms, and 1 full bathroom with a shower. A large outdoor patio and fenced yard add usable exterior space.
The property includes a fire alarm, fire sprinkler system, and security system. Improvements scheduled for 2025-2026 include an aluminum roof, flat roof, impact windows and doors, exterior stucco, redesigned landscaping with sprinklers and lighting, and widened driveway and front-door access. Rear parking is located behind the yard fence, with the backyard identified as a potential area for additional parking conversion. The office layout is suited to professional uses including law, real estate, mortgage, title, architectural, engineering, medical, behavioral, and rehabilitation practices.
The property includes a fire alarm, fire sprinkler system, and security system. Improvements scheduled for 2025-2026 include an aluminum roof, flat roof, impact windows and doors, exterior stucco, redesigned landscaping with sprinklers and lighting, and widened driveway and front-door access. Rear parking is located behind the yard fence, with the backyard identified as a potential area for additional parking conversion. The office layout is suited to professional uses including law, real estate, mortgage, title, architectural, engineering, medical, behavioral, and rehabilitation practices.
Key Highlights
- 11+ private office suites with reception areas and conference rooms
- 4 bathrooms, including 1 full bathroom with shower
- Large outdoor patio with fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,585
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,671,700
$2.7M
Cap Rate 7%
$1,908,357
$1.9M
Cap Rate 9%
$1,484,278
$1.5M
Market Conditions
NOI Build-Up for 5,040 SF
Gross rent
$229.8K $45.60/SF
− Vacancy
−$51.7K −$10.26/SF
EGI
$178.1K $35.34/SF
− OpEx
−$44.5K −$8.84/SF
NOI
$133.6K $26.51/SF
Area
Palm Beach County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,671,700
Cap Rate 7%
$1,908,357
Cap Rate 9%
$1,484,278
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,418
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Multi-suite office property with conference rooms, reception areas, kitchens, and a fenced outdoor patio.
Where is this office building located?
The property is located at 112 SE 10th St 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 with reception areas and conference rooms; 4 bathrooms, including 1 full bathroom with shower; Large outdoor patio with fenced yard
