Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    851 SE 6Th Ave Delray Beach, FL 33483

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime retail space on Federal Highway in Delray Beach.

    Property Features for 851 SE 6Th Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Daron Tersakyan
    Daron Tersakyan
    Source: Crexi

    Listing Agency: Investments Limited Listing Agent: Daron Tersakyan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Strip Center in Delray

    Located on Federal Highway in Delray Beach, the retail strip center at 851 SE 6th Avenue features 10,379 rentable square feet of commercial space. The single-story building is situated on a 0.62 acre parcel. The property, acquired in 2008, features a Mediterranean architectural style with limestone trim. The tenant mix includes Kennedy's Barber Shop.
    Location Intelligence

    Current Use by Public Records

    Rasato Fine Grooming Barber Shop Golden Spa & Massage Alternative Medicine Practice Ink Boss Tattoo ... Tattoo & Piercing Shop Island Vibes Kava ... Bar & Pub uBreakiFix - Phone and Computer ... Tech Support Center

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0664904
    Latitude
    26.4492843

    Nearby Similar for Lease

    • $3,500 /Mo
      1,183 SF

      Delray Beach Commercial Condo Space

      Commercial condo in Delray Beach with flexible office space.
      5341 Atlantic Ave, Delray Beach, FL 33484
      View Details
    • $25 SF/Yr
      2,660 SF

      Delray Beach Office Space Available

      Customizable 2660 SF medical/professional office space in Delray Beach.
      5317 W Atlantic Ave, Delray Beach, FL 33484
      View Details
    • $6,000 /Mo
      10,526 SF

      Downtown Delray Office/Retail Space

      Office or retail space in high-traffic Pineapple Grove, Downtown Delray.
      325 NE 2Nd Ave, Delray Beach, FL 33444
      View Details
    • $5,999 /Mo
      10,526 SF

      Delray Beach Commercial Space Available

      Versatile commercial condo suitable for office, retail, or restaurant use.
      325 NE 2Nd Ave, Delray Beach, FL 33444
      View Details
    • $24 SF/Yr
      178,826 SF

      Delray Beach Medical/Office Sublease

      Sublease opportunity in a modern, fully built-out medical suite.
      5150 Linton Blvd, Delray Beach, FL 33484
      View Details
    • $945,000
      1,140 SF

      Delray Beach Office Condo

      Office condo in downtown Delray Beach near Atlantic Avenue.
      96 NE 5Th Ave, Delray Beach, FL 33483
      View Details
    • $1,695,000
      1,620 SF

      Delray Beach Office/Professional Space

      Two-building office space in prime, walkable Delray Beach location.
      138 N Swinton Ave, Delray Beach, FL 33444
      View Details
    • $2,500 /Mo
      13,068 SF

      Commercial Suite in Delray Beach

      Commercial suite for lease in Delray Beach, Florida.
      20 NW 6Th Ave, Delray Beach, FL 33444
      View Details
    • $13,240 /Mo
      26,785 SF

      Delray Beach Commercial Space Available

      4,540 SF retail, office, or medical space for lease.
      3415 S Federal Hwy, Delray Beach, FL 33483
      View Details
    • $3,200 /Mo
      204,732 SF

      Renovated Commercial Space in Delray

      Renovated commercial space suitable for medical, office, or retail.
      5341 W Atlantic Ave, Delray Beach, FL 33484
      View Details
    • $19 SF/Yr
      3,100 SF

      Delray Beach Industrial Space

      3,100 SF industrial space with mezzanine and high ceilings.
      601 N Congress Ave, Delray Beach, FL 33445
      View Details
    • Sponsored
      Contact for pricing

      The Arbors

      Discover many ways to work your way in The Arbors
      1615 Congress Ave, Delray Beach, FL 33445
      View Details

    FAQs

    What type of property is this?
    Strip mall - Prime retail space on Federal Highway in Delray Beach.
    Where is this strip mall located?
    The property is located at 851 SE 6Th Ave Delray Beach, FL.
    What are key features of this property?
    This property features: - Prime location on the bustling Federal Highway corridor in Delray Beach.; - Sizeable retail space with **10,379 rentable square feet.**; - Significant .62 acre parcel.
    (561) 445-7735
    Request Owner's contact information
    851 SE 6Th Ave Delray Beach, FL 33483
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    851 SE 6Th Ave
    Delray Beach, FL 33483
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    851 SE 6Th Ave Delray Beach, FL 33483
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Daron Tersakyan
    Daron Tersakyan
    Real Estate License ID: BK3226577
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!