Standalone Office
New
For Sale
Contact for pricing
134 NE 1ST Avenue, Delray Beach, FL 33444
A separate converted garage, equipped kitchen, outdoor patio, and on-site parking complement the main workspace.
Property Size2,647 SF
Price / SF$5.48
Days on Market3
Property Features for 134 NE 1ST Avenue
General Information
Standard status
Active
Size
2,647 SF
Property subtype
Commercial
Additional Details
Property Use
Office
Amenities
fully equipped kitchen
outdoor patio
koi pond
0.22 acres, Less Than 1/4 Acre Lot, Less Than 1 Acre
Composition Roll
Public Sewer, Public Sanitation, Sewer
Parcel Number: 12434616010670120, Annual Amount: $29,032, Legal Description: TOWN OF DELRAY LT 12 (LESS E 5 FT NE 1ST AVE R/W) BLK 67 (OLD SCHOOL SQUARE HISTORIC DISTRICT), Year: 2025, Zoning: OSSHAD (city)
Carpet, Wood
Ceiling Fan(s), Central Air
Central
Listing ID: B26096087, Standard Status: Active, MLS Status: Active, Property Subtype: Commercial, On market as of 2026-11-03, Special Conditions: Lease
12 total parking spaces
Built in 1931, Living area: 2647, Living area units: Square Feet, 1 storey, Levels: 1
County/Parish: Palm Beach County
Leasable area units: Square Feet
1 units in community, Paved Road
Other Utilities Available, Water Source: Public, Other Electric
Funding, Long Closing Preferred, Negotiable
Janitorial Service, Water
Frontage Type: Paved Road, Road Surface: Paved Road, Paved
No Fire Protection, No Security
Building Details
Year Built
1931
Buildings
2
Listing Agency:
Premier Listings
(844) 521-7653
Listed By:
Jordana E Tobel · License #3237408
(954) 661-1969
Source:
Riserealty
Added: Nov 3
Changed: Nov 5
Last Checked: Nov 5 at 2:36AM
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 Premier Listings
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Investment Insights
Based on property information with market context.
Built in 1931, this 2,647-square-foot office property includes a main building and a separate converted garage. The current layout has three private offices alongside open workspace, with flexibility for additional offices, conference rooms, or collaborative areas. A kitchen is equipped with a refrigerator, stove, oven, and dishwasher. An outdoor patio and koi pond provide additional space, and dedicated parking is available at both the front and rear of the property.
The property is in downtown Delray Beach, steps from Atlantic Avenue and the Pineapple Grove Arts District. Nearby destinations include restaurants, boutiques, coffee shops, and The Ray Hotel.
The property is in downtown Delray Beach, steps from Atlantic Avenue and the Pineapple Grove Arts District. Nearby destinations include restaurants, boutiques, coffee shops, and The Ray Hotel.
Key Highlights
- 2,647‑square‑foot office property built in 1931
- Main office building plus a separate converted garage structure
- Three private offices and open workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,159
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,403,180
$1.4M
Cap Rate 7%
$1,002,271
$1.0M
Cap Rate 9%
$779,544
$779.5K
Market Conditions
NOI Build-Up for 2,647 SF
Gross rent
$120.7K $45.60/SF
− Vacancy
−$27.2K −$10.26/SF
EGI
$93.5K $35.34/SF
− OpEx
−$23.4K −$8.84/SF
NOI
$70.2K $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%
$1,403,180
Cap Rate 7%
$1,002,271
Cap Rate 9%
$779,544
Alternative Uses
Best Use
Office B
$1.00M
$877.0K – $1.17M
NOI $70,159 @ 7.0% cap · market cap 483.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,492 @ 7.0% cap · market cap 899.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,299
Businesses Nearby
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Business Placement
Demographics for 33444, FL
22,671
Population
10,469
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
84%
High-School Grad
5.0 sq mi
ZIP Area
4,534
Density / Sq Mi
$74,803
Median Household Income
$37,915
Median Earnings
$1,712
Median Rent
$425,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A separate converted garage, equipped kitchen, outdoor patio, and on-site parking complement the main workspace.
Where is this office building located?
The property is located at 134 NE 1ST Avenue Delray Beach, FL.
What are key features of this property?
This property features: 2,647‑square‑foot office property built in 1931; Main office building plus a separate converted garage structure; Three private offices and open workspace
