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    Freestanding Industrial Warehouse Title is generated by Realmo AI

    401 Southeast 5th Avenue, Delray Beach, FL 33483

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    Freestanding warehouse with grade-level loading and on-site parking in downtown Delray Beach, well-suited for industrial or redevelopment use.

    Type:Retail, Industrial
    Property size:
    5,200 SF
    Lot size:
    0.48 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 2:45 am

    Property Features for 401 Southeast 5th Avenue

    General Information

    Standard status
    Active
    Size
    5,200 SF
    Lot size
    0.48 Acres
    Property subtype
    Retail, Industrial

    Building Details

    Year Built
    1925

    We can help!

    Listing Contact
    Shawn Hansen

    Listing agent Shawn Hansen License #BK3605097

    Listing office ONE Commercial Real Estate

    Listing date Jun 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 ONE Commercial Real Estate

    HighLights

    • Freestanding industrial/warehouse building totaling 15,200 SF on 0.48 acres in Downtown Delray Beach
    • Downtown Delray Beach location, about four blocks from Atlantic Avenue
    • Grade‑level loading designed for industrial use
    • On‑site parking included
    • Built in 1925

    Overview

    Offered for sale by exclusive agent, this freestanding industrial warehouse at 401 SE 5th Avenue is designed for practical day-to-day operations. The property includes industrial functionality with grade-level loading and on-site parking, providing a workable footprint for an owner-user seeking true industrial utility within a downtown setting. It also presents redevelopment optionality for qualified buyers.

    Located in the heart of downtown Delray Beach, the building is positioned about four blocks from Atlantic Avenue, supporting walkable access to nearby retail, dining, and residential districts. The property’s central positioning is intended to balance downtown accessibility with an industrial-use layout.

    For tenants, buyers, or operators, the combination of grade-level loading and on-site parking can support a range of light industrial needs, while the downtown location can align with businesses that want to serve the broader Palm Beach and Broward County region. The listing information also notes that zoning information is provided as a reference guide only and should be independently verified with the City of Delray Beach Development Services Department prior to close of escrow.
    Location Intelligence

    Current Use by Public Records

    Veterinario Shopping Center & Mall

    Suggested Use

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

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

    Similar Places Nearby

    • Luxury Moving Service - Delray, FL — 55 SE 2nd Ave Ste 14L, Delray Beach, FL 33444
    • MB Global — 305 NE 2nd Ave, Delray Beach, FL 33444
    • 𝗧𝗼𝗽 𝗠𝗼𝘃𝗲𝗿𝘀 𝗗𝗲𝗹𝗿𝗮𝘆 𝗕𝗲𝗮𝗰𝗵 ₋ 𝗕𝗲𝘀𝘁 𝗟𝗼𝗰𝗮𝗹 𝗠𝗼𝘃𝗶𝗻𝗴 𝗖𝗼𝗺𝗽𝗮𝗻𝘆 — 777 E Atlantic Ave #21, Delray Beach, FL 33483
    • Majestic Relocation Specialist — 401 W Atlantic Ave o9, Delray Beach, FL 33444
    • Stache Storage of Boca Raton — 213 SW 6th Ave, Delray Beach, FL 33444

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0676763
    Latitude
    26.454074

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    FAQs

    What type of property is this?
    Warehouse - Freestanding warehouse with grade-level loading and on-site parking in downtown Delray Beach, well-suited for industrial or redevelopment use.
    Where is this warehouse located?
    The property is located at 401 Southeast 5th Avenue Delray Beach, FL.
    What are key features of this property?
    This property features: Freestanding industrial/warehouse building totaling 15,200 SF on 0.48 acres in Downtown Delray Beach; Downtown Delray Beach location, about four blocks from Atlantic Avenue; Grade‑level loading designed for industrial use
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Shawn Hansen
    Real Estate License ID: BK3605097
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    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.

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