Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    117 NE 5th Avenue Delray Beach, FL 33483

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    SINGLE_FAMILY - Delray Beach, FL

    Type:Retail
    Property size:
    4,399 SF
    Lot size:
    0.32 Acres
    Price / SF:
    $0.01/SF
    Added:
    Jan 5, 2026
    Days on Market:
    120
    Last Refresh:
    May 5 at 10:06 pm

    Property Features for 117 NE 5th Avenue

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    CBD
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Standard status
    Active
    APN
    12434616011070091
    Size
    4,399 SF
    Lot size
    0.32 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    TOWN OF DELRAY S 51.2 FT OF LT 9, LT 10 & TH PT OF ABND ST LYG S OF & ADJ TO (LESS W 10 FT RD R/W) BLK 107
    Tax Annual Amount
    54

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1964
    Floors in Building
    1
    Number of units
    2
    Roof type
    Composition

    We can help!

    Listing Contact
    Cheran Alisa Marek
    Cheran Alisa Marek

    Listing agent Cheran Alisa Marek License #677157

    Listing office Douglas Elliman 900 E Atlantic Avenue Suite No. 1, Palm Beach, FL

    Listing date Jan 5, 2026

    MLS# R11151518

    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 Freestanding Office Building

    This freestanding commercial building, situated one block north of Atlantic Avenue on 5th Avenue, offers on-site parking with 17 spaces, including one handicap space, to be split (8 & 8) with the neighboring retail space. Alternatively, the entire building can be leased. The property, located at a corner, includes a professional office currently built out for an attorney's office. The unit (A North) consists of offices, a conference room, a reception area, and storage. It features 8 parking spaces on site. The building has 3366 square feet, plus an additional 1,033 square feet of upstairs storage, totaling 4,399 square feet. The lot size is 0.32 acres. The property is zoned CBD.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Robes Law Group, ... Law Firm GreenC, LLC Construction Company

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Food Market Grocery & Convenience Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.067432
    Latitude
    26.46422

    Nearby Similar for Sale

    • $899,000
      1,140 SF

      Delray Beach Office Condominium

      Office condominium in downtown Delray Beach, near Atlantic Avenue.
      96 NE 5th Avenue, Delray Beach, FL 33483
      View Details
    • $21,500,000
      8,108 SF

      Waterfront Restaurant Opportunity in Delray

      Direct intracoastal restaurant in booming East Delray Beach.
      900 E Atlantic Avenue, Delray Beach, FL 33483
      View Details
    • $2,490,000
      5,040 SF

      Delray Beach Office Building

      Modern office building in downtown Delray Beach for sale.
      112 SE 10th Street, Delray Beach, FL 33483
      View Details
    • $1,695,000
      1,620 SF

      Mixed-Use Property Near Atlantic Avenue

      Commercial/mixed-use property in prime, walkable downtown Delray Beach location.
      138 N Swinton Avenue, Delray Beach, FL 33444
      View Details
    • $1,300,000
      1,563 SF

      East Delray Beach Freestanding Office

      Freestanding office near Atlantic Ave, Pineapple Grove, and US-1.
      621 NE 3rd Avenue, Delray Beach, FL 33444
      View Details
    • $2,700,000
      4,360 SF

      Spacious Compound Near Pineapple Grove

      Versatile property ideal for assisted living or short-term rental.
      1650 NE 3rd Avenue, Delray Beach, FL 33444
      View Details
    • $925,000
      1,798 SF

      Delray Beach Investment Property

      Updated triplex near Atlantic Avenue with redevelopment potential.
      1206 NE 3rd Avenue, Delray Beach, FL 33444
      View Details
    • $4,200
      2,601 SF

      Delray Beach Commercial Space

      Showroom with warehouse and mezzanine space in Delray Beach.
      1250 Wallace Drive, Delray Beach, FL 33444
      View Details
    • $5,000,000
      7,267 SF

      Delray Beach Multi-Use Commercial Property

      Two-unit commercial building with redevelopment potential in downtown Delray Beach.
      117 NE 5th Avenue, Delray Beach, FL 33483
      View Details
    • $950,000
      2,534 SF

      Delray Beach Multifamily Estate

      Gorgeous Delray Beach multifamily property with oversized lot and modern amenities.
      5285 Sunrise Boulevard, Delray Beach, FL 33484
      View Details
    • $2,450,000
      2,000 SF

      Delray Beach Multifamily Opportunity

      Renovated multifamily property in Downtown Delray Beach, steps from Atlantic Avenue.
      126 NE 4th Avenue, Delray Beach, FL 33483
      View Details
    • $33

      Commercial Building with On-Site Parking

      Freestanding commercial building with parking, near Atlantic Avenue.
      117 NE 5th Avenue, Delray Beach, FL 33483
      View Details

    FAQs

    What type of property is this?
    Office units - Freestanding commercial building with parking, near Atlantic Avenue.
    Where is this office units located?
    The property is located at 117 NE 5th Avenue Delray Beach, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Free‑standing commercial building with on‑site parking (8 spaces dedicated to the unit).; Prime location: One block north of Atlantic Avenue on highly visible 5th Avenue (Federal Highway).; Professional office build‑out, currently configured for an attorney's office with offices, conference room, and reception area.
    (561) 870-8855
    We can help!
    Listing Contact
    Cheran Alisa Marek
    Cheran Alisa Marek
    Real Estate License ID: 677157
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    117 NE 5th Avenue, Delray Beach, FL 33483
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!