Freestanding Office with Flexible
621 NE 3rd Avenue Delray Beach, FL 33444
621 NE 3rd Avenue, Delray Beach, FL, 33444
$1,300,000
For Sale
$1,300,000
SINGLE_FAMILY - Delray Beach, FL
Property Size1,563 SF
Lot Size0.14 Acres
Price / SF$831.73
Days on Market122
Property Features for 621 NE 3rd Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- RO (city)
- Parking
- 10
- Parking features
- Assigned
- Fencing
- Fenced
- Standard status
- Active
- APN
- 12434609290130230
- Size
- 1,563 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- DEL IDA PARK LT 23 BLK 13 (DEL-IDA PARK HISTORIC DISTRICT)
- Tax Annual Amount
- 9678
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1957
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Wood, Tile - Ceramic, Tile
- Building materials
- CBS, Concrete Block - With Stucco, Stucco
- Roof type
- Shingle
Listing Agency
Mangrove Realty Inc
(561) 637-4559
55 SE 2nd Avenue, Delray Beach, FL
Listed by
Damara L Cohn PA · License #3015318
(561) 866-3549
Added: Mar 17 Checked: Jul 16 at 4:06 pm
MLS# B26003685
Listing URL
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding office property is configured to support professional use, with private offices, a reception area, and meeting space. The existing layout is designed to accommodate immediate occupancy or light reconfiguration based on a user’s needs.
Located in East Delray Beach near Atlantic Ave, Pineapple Grove, and US-1, the building sits within a transitioning corridor that includes an increasing mix of office and mixed-use properties. Zoning is RO (Residential Office), supporting professional office use.
The front yard area may allow for additional on-site parking consistent with nearby office properties; buyers are encouraged to verify zoning, use, and parking configuration.
Located in East Delray Beach near Atlantic Ave, Pineapple Grove, and US-1, the building sits within a transitioning corridor that includes an increasing mix of office and mixed-use properties. Zoning is RO (Residential Office), supporting professional office use.
The front yard area may allow for additional on-site parking consistent with nearby office properties; buyers are encouraged to verify zoning, use, and parking configuration.
Key Highlights
- Freestanding office property near Atlantic Ave, Pineapple Grove, and US‑1 in East Delray Beach
- Zoned RO (Residential Office) allowing professional office use (buyer to verify zoning/use and compliance)
- Layout supports private offices plus reception and conference/meeting space for professional services
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.3k | $45.60 |
| − Vacancy | −$16.0k | −$10.26 |
| EGI | $55.2k | $35.34 |
| − OpEx | −$13.8k | −$8.84 |
| NOI | $41.4k | $26.51 |
1,563 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$591.8K
$517.8K – $690.5K
NOI $41,427 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$963.2K – $1.28M
NOI $77,053 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Freestanding office offers private offices, reception, and meeting space, zoned RO (Residential Office) in East Delray Beach.
Where is this office building located?
The property is located at 621 NE 3rd Avenue Delray Beach, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Freestanding office property near Atlantic Ave, Pineapple Grove, and US‑1 in East Delray Beach; Zoned RO (Residential Office) allowing professional office use (buyer to verify zoning/use and compliance); Layout supports private offices plus reception and conference/meeting space for professional services
