Two-Bay
New
For Sale
$3,450,000
65 NW 18th Avenue, Delray Beach, FL 33444
The building combines warehouse space with an office and waiting area, plus access from Atlantic Avenue and North Congress Avenue.
Property Size8,576 SF
Price / SF$402.29
Days on Market5
Property Features for 65 NW 18th Avenue
General Information
Standard status
Active
Size
8,576 SF
Total Parking Spaces
30
Zoning
MIC (city)
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
25 ft
Warehouse Space
8,576 SF
Three-Phase Power
Yes
Additional Details
Automotive Uses
auto repair, collision/body shop
Real Estate Included
Yes
Property Use
Automotive/Body Shop
Taxes and HOA fees
Annual Taxes
$24,926
Amenities
25' ceilings
3-phase electric with updated interior/exterior panels
stucco & exterior paint completed in 2024
two warehouse bays with front ramps & roll-up doors
two additional rear roll-up doors
office with waiting area
ample parking
Common, On Street
Building Details
Building Size
8,576 SF
Year Built
1975
Buildings
1
Stories
1
Listing Agency:
Florida Coastal Premier Realty LLC
Listed By:
Constantine Bystrov
(561) 379-3400
Source:
Evrealestate
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 6:45AM
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 Florida Coastal Premier Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1975, this 8,576 SF warehouse has two bays with front ramps and roll-up doors, along with two more roll-up doors at the rear. The interior includes an office and waiting area. The property is currently arranged for automotive and body shop use, with 3-phase electric service and updated interior and exterior electrical panels. Stucco work and exterior painting were completed in 2024.
The Delray Beach property is near I-95, with access from Atlantic Avenue and North Congress Avenue. It is zoned for industrial and commercial uses and has on-site parking. The sale covers the real estate only; the automotive business is not included.
The Delray Beach property is near I-95, with access from Atlantic Avenue and North Congress Avenue. It is zoned for industrial and commercial uses and has on-site parking. The sale covers the real estate only; the automotive business is not included.
Key Highlights
- 8,576 SF warehouse building
- Two warehouse bays with front ramps and roll‑up doors; two additional roll‑up doors at the rear
- 25' ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,013
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,900,260
$2.9M
Cap Rate 7%
$2,071,614
$2.1M
Cap Rate 9%
$1,611,256
$1.6M
Market Conditions
NOI Build-Up for 8,576 SF
Gross rent
$226.4K $26.40/SF
− Vacancy
−$19.2K −$2.24/SF
EGI
$207.2K $24.16/SF
− OpEx
−$62.1K −$7.25/SF
NOI
$145.0K $16.91/SF
Area
Palm Beach County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,900,260
Cap Rate 7%
$2,071,614
Cap Rate 9%
$1,611,256
Alternative Uses
Best Use
Retail
$2.07M
$1.81M – $2.42M
NOI $145,013 @ 7.0% cap · market cap 4.20%
Second Best
Warehouse
$1.61M
$1.41M – $1.87M
NOI $112,423 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$6.04M
$5.28M – $7.05M
NOI $422,779 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
25 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,173
Businesses Nearby
Balanced
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Extra Space Storage — 551 S Congress Ave, Delray Beach, FL 33445
- Stache Storage of Boca Raton — 213 SW 6th Ave, Delray Beach, FL 33444
- Toy Vault — 1855 Dr. Andres Way #7, Delray Beach, FL 33445
- Majestic Relocation Specialist — 401 W Atlantic Ave o9, Delray Beach, FL 33444
- Truman Storage Facility — 321 N Congress Ave, Delray Beach, FL 33445
Frequently Asked Questions
What type of property is this?
Warehouse - The building combines warehouse space with an office and waiting area, plus access from Atlantic Avenue and North Congress Avenue.
Where is this warehouse located?
The property is located at 65 NW 18th Avenue Delray Beach, FL.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: 8,576 SF warehouse building; Two warehouse bays with front ramps and roll‑up doors; two additional roll‑up doors at the rear; 25' ceilings
