Duplex with Office Conversion
621 NE 3RD Avenue, Delray Beach, FL 33444
For Sale
New
$1,250,000
Commercial Sale, Delray Beach, FL
Property Size1,563 SF
Lot Size0.14 Acres
Price / SF$799.74
Days on Market5
Property Features for 621 NE 3RD Avenue
General Information
Property type
Property subtype
Zoning
Parking
Parking features
Fencing
Lot features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Douglas Elliman
(561) 655-8600
Listed By:
Dorian Hayes · License #3485387
(561) 389-9117
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 6 at 9:06PM
MLS# B26096258
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,563-square-foot duplex occupies a 0.14-acre parcel and was built in 1957. Construction is concrete block with stucco, and the interior has wood and ceramic tile flooring. Central heating and air conditioning serve the building; the property also has assigned parking and fencing.
The site is in downtown Delray Beach, amid professional and medical offices. Zoning is RO (city). The current duplex use and the stated office-conversion potential provide two distinct use considerations for the property.
The site is in downtown Delray Beach, amid professional and medical offices. Zoning is RO (city). The current duplex use and the stated office-conversion potential provide two distinct use considerations for the property.
Key Highlights
- 1,563‑square‑foot building on a 0.14‑acre lot
- Currently configured as a duplex; medical or professional office conversion is described as a possibility
- RO (city) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,427
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,540
$828.5K
Cap Rate 7%
$591,814
$591.8K
Cap Rate 9%
$460,300
$460.3K
Market Conditions
NOI Build-Up for 1,563 SF
Gross rent
$71.3K $45.60/SF
− Vacancy
−$16.0K −$10.26/SF
EGI
$55.2K $35.34/SF
− OpEx
−$13.8K −$8.84/SF
NOI
$41.4K $26.51/SF
Area
Palm Beach County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,540
Cap Rate 7%
$591,814
Cap Rate 9%
$460,300
Alternative Uses
Best Use
Office B
$591.8K
$517.8K – $690.5K
NOI $41,427 @ 7.0% cap · market cap 3.31%
Second Best
Multifamily LT 5
$372.2K
$325.7K – $434.3K
NOI $26,055 @ 7.0% cap · market cap 2.08%
Theoretical Best
Office A
$1.10M
$963.2K – $1.28M
NOI $77,053 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,819
Businesses Nearby
Explore this area
Business Placement
Demographics for 33444, FL
22,671
Population
10,469
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
84%
High-School Grad
5.0 sq mi
ZIP Area
4,534
Density / Sq Mi
$74,803
Median Household Income
$37,915
Median Earnings
$1,712
Median Rent
$425,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Delray Beach, FL
Properties on Market for Duplexes in Delray Beach
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Duplex - The existing residential layout is described as adaptable for medical or professional office use.
Where is this duplex 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 $1,250,000.
What are key features of this property?
This property features: 1,563‑square‑foot building on a 0.14‑acre lot; Currently configured as a duplex; medical or professional office conversion is described as a possibility; RO (city) zoning
