Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Functional Office Units For Rent Title is generated by Realmo AI

    223 NE 5th Ave, Delray Beach, FL 33483

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Efficient office spaces with ground-level access in Delray Beach.

    Type:Office
    Added:
    Mar 3, 2026
    Days on Market:
    71
    Last Refresh:
    Mar 16 at 11:13 am

    Property Features for 223 NE 5th Ave

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1984

    Spaces For Lease

    at 223 NE 5th Ave Contact us

    Suite 101 $30 /Mo

    Size
    1,200 SF
    Type
    Office
    This office space offers a private office, a large conference room, and a bullpen...
    show more
    Contact us

    Suite 102-103 $35 /Mo

    Size
    1,620 SF
    Type
    Office
    This built-out office space offers 4 private offices, a conference room, and a bullpen...
    show more
    Contact us

    We can help!

    Listing Contact
    Angelo Beacon-Paglia

    Listing agent Angelo Beacon-Paglia License #SL 3474288

    Listing office Keller Williams Reserve

    Listing date Mar 3, 2026

    Source Crexi

    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 Keller Williams Reserve

    HighLights

    • Functional layout with private offices, open work areas, and conference rooms.
    • Convenient ground‑level access for staff and clients.
    • Efficient space suitable for various business needs.
    • Ideal for tenants seeking practical workspace.
    • Built in 1984.
    • Each unit offers a functional layout.

    Overview

    The property offers functional units with layouts that include private offices, open work areas, and conference rooms. These spaces are suitable for tenants seeking efficient space. The units feature convenient ground-level access for staff and clients.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tower MSA Partners Law Firm Southshore Builders Construction Company Suncoast Home Solutions Plumbing Service Delray Beach Mold ... Hardware & Home Improvement The Cerberus Group Marketing & Advertising

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

    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
    -80.0678302
    Latitude
    26.4657808

    Nearby Similar for Lease

    • $27 SF/Yr

      Delray Beach Industrial Flex Unit

      2,601 SF industrial flex unit in Delray Beach, FL.
      1250 Wallace Drive, Delray Beach, FL 33444
      View Details
    • $23 SF/Yr

      Delray Beach Office/Medical Space

      Office/medical space in prime Delray Beach location for lease.
      601 N Congress Avenue, Delray Beach, FL 33445
      View Details
    • $6,000/Mo

      Downtown Delray Office/Retail Space

      Prime Delray Beach location in high-traffic Pineapple Grove district.
      325 NE 2nd Avenue, Delray Beach, FL 33444
      View Details
    • $19 SF/Yr

      Downtown Delray Beach Retail Space

      Prime retail location in downtown Delray Beach with ample parking.
      900 E Atlantic Avenue, Delray Beach, FL 33483
      View Details
    • $5,999/Mo

      Delray Beach Commercial Space

      Commercial space available for rent in Delray Beach, Florida.
      325 NE 2nd Avenue, Delray Beach, FL 33444
      View Details
    • $2,500/Mo

      Delray Beach Commercial Suite

      Commercial suite for lease in Delray Beach, Florida.
      20 NW 6th Avenue, Delray Beach, FL 33444
      View Details
    • $13,240/Mo

      Delray Beach Commercial Space Available

      4,540 SF space ideal for retail, office, or medical.
      3415 S Federal Highway, Delray Beach, FL 33483
      View Details
    • Contact for pricing

      Delray Beach Commercial Office Space

      Commercial space with offices, examining rooms, restrooms, and waiting area.
      5341 Atlantic Ave 301, Delray Beach, FL 33484
      View Details
    • $5,850/Mo

      Downtown Delray Beach Office Building

      Charming standalone office in Downtown Delray Beach on Banker's Row.
      Delray Beach, FL 33444
      View Details
    • $2,750/Mo

      Delray Beach Office Suite

      Updated office suite suitable for professional or light medical use.
      6274 Linton Blvd 102, Delray Beach, FL 33484
      View Details
    • Contact for pricing

      Delray Beach Commercial Space

      4,540 SF space ideal for retail, office, or medical.
      3415 S Federal Hwy, Delray Beach, FL 33483
      View Details
    • Contact for pricing

      Downtown Delray Office/Retail Space

      High-traffic office/retail space in Pineapple Grove, Downtown Delray.
      325 NE 2nd Ave 101, Delray Beach, FL 33444
      View Details

    FAQs

    What type of property is this?
    Office units - Efficient office spaces with ground-level access in Delray Beach.
    Where is this office units located?
    The property is located at 223 NE 5th Ave Delray Beach, FL.
    What are key features of this property?
    This property features: Functional layout with private offices, open work areas, and conference rooms.; Convenient ground‑level access for staff and clients.; Efficient space suitable for various business needs.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Angelo Beacon-Paglia
    Real Estate License ID: SL 3474288
    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
    223 NE 5th Ave, 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!