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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

117 5Th Ave Delray Beach, FL 33483

6,234 SF
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Total area 6,234 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Robes Law Group, PLLC Law Firm
  • GreenC, LLC Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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