Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3650 SE 2nd Court Boynton Beach, FL 33435

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $699,000

    Residential lot with plans for single family home near Delray.

    Added:
    Jun 4, 2025
    Days on Market:
    320
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 3650 SE 2nd Court

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Jennifer Kilpatrick
    Jennifer Kilpatrick

    Listing agent Jennifer Kilpatrick License #SL3243987

    Listing office Delray Beach/Gulf Stream

    Listing date Jun 4, 2025

    Source Corcoran

    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 Delray Beach/Gulf Stream

    Overview

    Residential Lot Near Delray Beach

    This property includes a north-facing lot and plans for a single-family home designed by architect Randall Stofft. The location is situated minutes from downtown Delray's Atlantic Avenue, Pineapple Grove, and the beach. Intended use is for residential purposes. All information, including prices, measurements, square footage, lot sizes, features, finishes, and calculations, is subject to errors, omissions, or changes and should be independently verified through due diligence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Boynton Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0676
    Latitude
    26.4921

    Nearby Similar for Sale

    • $1,600,000
      2,132 SF

      Boynton Beach Medical/Professional Building

      Prime medical/professional building near hospital, east of I-95.
      2419 S Seacrest Boulevard, Boynton Beach, FL 33435
      View Details
    • $1,600,000
      2,132 SF

      Medical/Professional Building Near Hospital

      Prime location near hospital, ideal for medical or professional use.
      2419 S Seacrest Boulevard, Boynton Beach, FL 33435
      View Details
    • $1,150,000

      Boynton Beach Commercial Land Opportunity

      Prime commercial land in Boynton Beach, ideal for development.
      8301 S Military Trl, Boynton Beach, FL 33436
      View Details
    • $240,000
      1,400 SF

      Renovated Villa in Active Community

      Fully renovated 2-bedroom villa in a 55+ Boynton Beach community.
      10144 S 46th Ave, Boynton Beach, FL 33436
      View Details
    • $215,000
      1,300 SF

      Boynton Beach Beauty Salon Opportunity

      Established beauty salon with 8 stations in high-traffic location.
      510 E Ocean Avenue, Boynton Beach, FL 33435
      View Details
    • $45,000

      Operating Restaurant Business Opportunity

      Operating restaurant in Boynton Beach, Florida, ready for new owner.
      1313 W Boynton Beach Blvd, Boynton Beach, FL 33426
      View Details
    • $2,900,000

      Boynton Beach Development Opportunity

      0.91 acres with approved plans for luxury townhomes.
      3045 N Federal Highway, Boynton Beach, FL 33483
      View Details
    • $225,000
      1,300 SF

      Boynton Beach Beauty Salon Business

      Established beauty salon business for sale in Boynton Beach, Florida.
      510 E Ocean Avenue, Boynton Beach, FL 33435
      View Details
    • $599,000
      1,370 SF

      Boynton Beach Income-Producing Duplex

      Income-producing duplex in Boynton Beach near beach, shopping, and highways.
      140 SW 14th Avenue, Boynton Beach, FL 33435
      View Details
    • $2,900,000

      Boynton Beach Development Opportunity

      0.91 acres with approved plans for 10 luxury townhomes.
      3045 N Federal Highway, Boynton Beach, FL 33483
      View Details
    • $589,500
      2,094 SF

      Boynton Beach Historical Duplex

      Upgraded historical duplex in downtown Boynton Beach, suitable for rentals.
      331 NW 1st Avenue, Boynton Beach, FL 33435
      View Details
    • $119,000
      570 SF

      Updated Coop Near the Ocean

      Modern, updated coop with resort-style living near beaches and amenities.
      2542 S Federal Highway, Boynton Beach, FL 33435
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot with plans for single family home near Delray.
    Where is this residential land & home lot located?
    The property is located at 3650 SE 2nd Court Boynton Beach, FL.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Includes plans for a single‑family home designed by architect Randall Stofft.; Prime location: **Minutes from downtown Delray's Atlantic Avenue.**; Close proximity to Pineapple Grove.
    (561) 573-2573
    We can help!
    Listing Contact
    Jennifer Kilpatrick
    Jennifer Kilpatrick
    Real Estate License ID: SL3243987
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!