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    117 5Th Ave Delray Beach, FL 33483

    For Lease
    $33 SF/Yr ($17,143 /Mo)

    Downtown Delray, 2,868 SF Available

    Lot size:
    6,234 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This single-tenant retail space, located at 117 NE 5th Avenue, Unit B, Delray Beach, FL 33483, offers 2,868 square feet of versatile space ideal for medical or creative office use. Situated on a corner lot at the intersection of NE 5th Avenue and NE 1st Street, this freestanding building boasts excellent street visibility thanks to large glass storefront windows. The property is zoned CBD-Gen Comm and features 8 dedicated off-street parking spaces out of a total of 17 spaces for the building (including one handicapped space). The interior layout includes a mostly open floor plan, a private office/work room, and a rear inventory/stock room with overhead garage door access. The property is a Class C building with one story and a total building size of 6,234 square feet. Lease terms are triple net, with a base rent of $33.00 per square foot, plus $12.00 per square foot for common area maintenance (CAM), totaling $10,755 per month. All information is deemed reliable but not guaranteed

    Property Features for 117 5Th Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,234 SF
    Class
    C
    Total Rate
    17143.5

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    B
    Size
    2,868 SF
    Rate per SF
    $33

    HighLights

    • 2,868 SF single‑tenant retail space at 117 NE 5th Avenue, Unit B, Delray Beach, FL.
    • Excellent street visibility from corner lot at NE 5th Ave & NE 1st St.
    • CBD‑Gen Comm zoning with 8 dedicated off‑street parking spaces.
    • Open floor plan, private office, rear stock room with overhead garage door.
    • Class C, single‑story building; $33/SF base rent + $12/SF CAM, totaling $10,755/month NNN lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Robes Law Group, ... Attorney GreenC, LLC General Contractor

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    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
    -80.06803015491
    Latitude
    26.463507711721

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    FAQs

    What type of property is this?
    Office space - Downtown Delray, 2,868 SF Available
    Where is this office space located?
    The property is located at 117 5Th Ave Delray Beach, FL.
    What is the lease rate?
    The lease rate is $33 SF/Yr.
    What are key features of this property?
    This property features: 2,868 SF single-tenant retail space at 117 NE 5th Avenue, Unit B, Delray Beach, FL.; Excellent street visibility from corner lot at NE 5th Ave & NE 1st St.; CBD-Gen Comm zoning with 8 dedicated off-street parking spaces.
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    Realmo Value Estimation

    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.

    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.

    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
    117 5Th Ave Delray Beach, FL 33483
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