Duplex Estate with Private
For Sale
Contact for pricing
Pending
5285 Sunrise Boulevard, Delray Beach, FL 33484
Duplex estate with private unit access, fenced yard, and hurricane-impact windows.
Property Size3,451 SF
Days on Market268
Property Features for 5285 Sunrise Boulevard
General Information
Standard status
Pending
Size
3,451 SF
Property subtype
Multifamily
Zoning
AR
Additional Details
Cap Rate
6%
Building Details
Year Built
1985
Stories
2
Units
4
Listing Agency:
Mastropieri Group LLC
(561) 544-7000
Listed By:
Brittani Fortier · License #BK3252988
Source:
Crexi
Added: Nov 18, 2025
Changed: Aug 8
Last Checked: Jul 24 at 12:38PM
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 Mastropieri Group LLC
Investment Insights
Based on property information with market context.
This duplex estate offers a bright, open floor plan with double-door entry and French doors throughout. The kitchens are built for everyday living, featuring an eat-in layout with quartz countertops, a center island/breakfast bar, stainless steel appliances, and white wood cabinetry. Both units include a generous primary bedroom with ensuite bath, dual-sink vanity, and soaking tub, along with walk-in closet storage. Additional privacy is built in with a bonus private entrance for each unit. Outdoors, the property delivers an oversized, vinyl-fenced backyard with a balcony and covered patio with outdoor lighting, plus room for further expansion such as a pool. Interior finishes include LED recessed and custom lighting, barn doors, and hurricane impact windows/doors. Parking is supported by a large circular driveway and a two-car epoxy garage.
Located in Delray Beach, the home is minutes from Atlantic Avenue and the surrounding dining, shopping, and beach areas, with access to I-95 also noted in the remarks.
For tenants, buyers, or operators, the layout’s dual, private entries and separate living flow can support flexible occupancy options within a single property. The added outdoor space and RV/boat parking make it particularly practical for tenants who need off-street storage and room to enjoy the yard.
Located in Delray Beach, the home is minutes from Atlantic Avenue and the surrounding dining, shopping, and beach areas, with access to I-95 also noted in the remarks.
For tenants, buyers, or operators, the layout’s dual, private entries and separate living flow can support flexible occupancy options within a single property. The added outdoor space and RV/boat parking make it particularly practical for tenants who need off-street storage and room to enjoy the yard.
Key Highlights
- Duplex built in 1985 with a double door entrance and bright, open floor plan
- Huge vinyl fenced backyard with balcony, covered patio, outdoor lighting, and room for a pool
- RV/boat parking plus a large circular driveway
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,527
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,150,540
$1.2M
Cap Rate 7%
$821,814
$821.8K
Cap Rate 9%
$639,189
$639.2K
Market Conditions
NOI Build-Up for 3,451 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$87.0K $25.20/SF
− Vacancy
−$4.8K −$1.39/SF
EGI
$82.2K $23.81/SF
− OpEx
−$24.7K −$7.14/SF
NOI
$57.5K $16.67/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,150,540
Cap Rate 7%
$821,814
Cap Rate 9%
$639,189
Alternative Uses
Best Use
Multifamily LT 5
$821.8K
$719.1K – $958.8K
NOI $57,527 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$758.2K
$663.4K – $884.6K
NOI $53,074 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$2.43M
$2.13M – $2.84M
NOI $170,127 @ 7.0% cap · market cap 17.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Explore this area
Business Placement
Demographics for 33484, FL
26,340
Population
18,884
Households
1.4
Avg Household Size
66
Median Age
42%
College-Educated
96%
High-School Grad
6.0 sq mi
ZIP Area
4,390
Density / Sq Mi
$56,942
Median Household Income
$43,922
Median Earnings
$1,876
Median Rent
$220,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex estate with private unit access, fenced yard, and hurricane-impact windows.
Where is this duplex located?
The property is located at 5285 Sunrise Boulevard Delray Beach, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Duplex built in 1985 with a double door entrance and bright, open floor plan; Huge vinyl fenced backyard with balcony, covered patio, outdoor lighting, and room for a pool; RV/boat parking plus a large circular driveway
