Office Condominium with Private
96 NE 5th Avenue Delray Beach, FL 33483
For Sale
$899,000
SINGLE_FAMILY - Delray Beach, FL
Property Size1,140 SF
Lot Size2.00 Acres
Price / SF$788.60
Days on Market188
Property Features for 96 NE 5th Avenue
General Information
Property type
Residential
Property subtype
Office
Zoning
CBD(ci
Bathrooms
1
Rooms
Bathroom 1
Standard status
Active
APN
12434616h70000960
Size
1,140 SF
Lot size
2.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FOUNTAIN SQUARE OFFICE CONDOMINIUM OF DELRAY UNIT 96
Tax Annual Amount
8608
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1971
Floors in Building
2
Number of units
11
Flooring type
Carpet, Linoleum
Building materials
CBS
Roof type
Built-Up
Listing Agency:
Sotheby's Intl. Realty, Inc.
(561) 659-3555
Listed By:
Ellison Dobbs · License #3649179
(314) 556-4437
Added: Jan 22
Changed: Jul 28
Last Checked: Jul 29 at 10:06AM
MLS# R11156885
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 second-floor office condominium (Unit 96) is one of only two offices on its level. The suite includes four spacious private offices, a conference room, a kitchenette, and a private bathroom. A floor plan and 3D Matterport virtual tour are available through the listing, and the condominium maintains a monthly association fee of $766.
Fountain Square is a well-known downtown landmark in Delray Beach, located less than one block from Atlantic Avenue on Federal Highway. The property provides parking via an association-owned lot west of the building, with additional parking available on the north and west sides.
The space is currently tenant-occupied, and the landlord may terminate the lease with 90 days’ notice. The interior configuration supports professional office use where private offices and a dedicated conference room are important. For buyers evaluating an owner-occupied or leased office investment, Unit 96 offers a compact, functional layout within a small second-floor office presence.
Fountain Square is a well-known downtown landmark in Delray Beach, located less than one block from Atlantic Avenue on Federal Highway. The property provides parking via an association-owned lot west of the building, with additional parking available on the north and west sides.
The space is currently tenant-occupied, and the landlord may terminate the lease with 90 days’ notice. The interior configuration supports professional office use where private offices and a dedicated conference room are important. For buyers evaluating an owner-occupied or leased office investment, Unit 96 offers a compact, functional layout within a small second-floor office presence.
Key Highlights
- Office condominium Unit 96 on the second floor; one of only two offices on that level
- Includes four private offices, conference room, kitchenette, and a private bathroom
- Central heating and central air conditioning; CBS construction; built‑up roof
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 | $52.0k | $45.60 |
| − Vacancy | −$11.7k | −$10.26 |
| EGI | $40.3k | $35.34 |
| − OpEx | −$10.1k | −$8.84 |
| NOI | $30.2k | $26.51 |
1,140 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$431.7K
$377.7K – $503.6K
NOI $30,216 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$802.9K
$702.5K – $936.7K
NOI $56,200 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Second-floor office condominium with four private offices, conference room, kitchenette, and private bathroom.
Where is this office units located?
The property is located at 96 NE 5th Avenue Delray Beach, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Office condominium Unit 96 on the second floor; one of only two offices on that level; Includes four private offices, conference room, kitchenette, and a private bathroom; Central heating and central air conditioning; CBS construction; built‑up roof
