Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    101 1St St Delray Beach, FL 33444

    • Land
    • 0.30 lot acres
    For Sale
    View listing
    $5,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 101 1St St

    Lot size
    0.30 lot acres
    Property type
    Land

    Description

    This exceptional 0.3-acre commercial land parcel, located at 101 SE 1st St in Delray Beach, Florida (APN: 12434616010770112), presents a unique investment opportunity. Priced at $5,500,000 and designated for a 1031 exchange, this property boasts a highly desirable CBDCC zoning classification, allowing for the construction of a four-story office building. The site offers excellent visibility with 100 feet of frontage on SE 1st Ave and 135 feet on SE 1st Street, placing it in the heart of Delray Beach's vibrant Sofa District. This prime location is further enhanced by its adjacency to Worthing Place, a luxury apartment community recognized as one of the most desirable in all of Palm Beach County. The property comes complete with approved plans and construction drawings, streamlining the development process and minimizing potential delays. This turnkey opportunity is ideal for developers seeking a strategically located site with immediate development potential in a thriving Florida market. The property is situated in Palm Beach County, Florida, zip code 33444. This is a rare chance to acquire a fully entitled commercial lot in a high-demand area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0718
    Latitude
    26.4598

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

      32 6Th Ave

      Office Properties & Spaces • 3,000 SF
      32 6Th Ave, Delray Beach, FL 33444
      View Details
    • Value Estimation by Request
      0.80 Acres

      2610 Seacrest Blvd

      Land • 0.80 Acres
      2610 Seacrest Blvd, Delray Beach, FL 33444
      View Details
    • Value Estimation by Request

      248 1St Ave

      Land
      248 1St Ave, Delray Beach, FL 33444
      View Details
    • Value Estimation by Request

      821 4Th Ave

      Land
      821 4Th Ave, Delray Beach, FL 33444
      View Details
    • Value Estimation by Request

      514 3Rd Ave

      Land
      514 3Rd Ave, Delray Beach, FL 33444
      View Details
    • Value Estimation
      $605,000
      19,365 SF

      735 15th Ave

      SHOW ROOM, WAREHOUSE • 19,365 SF
      735 15th Ave, Delray Beach, FL 33444-1337
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.90 Acres

      Artist Alley Land: Delray Beach

      Prime 1.9-acre commercial land
      350 4Th St, Delray Beach, FL 33444
      View Details
    • $5,500,000
      0.30 Acres

      Downtown Delray Beach Land - $5.5M

      Prime 0.3-acre commercial lot, fully entitled.
      101 1St St, Delray Beach, FL 33444
      View Details
    • $650,000

      Downtown Delray Beach Land

      Prime 16,030 SF lot, build 2 homes
      821 4Th Ave, Delray Beach, FL 33444
      View Details
    • $2,400,000

      Prime Development Land Near Atlantic

      0.32-acre parcel near Atlantic Ave with development plans.
      248 SE 1St Ave, Delray Beach, FL 33444
      View Details
    • New
      $2,200,000

      Permit-Ready Corner Estate Site

      Downtown Delray Beach opportunity: custom estate site near Atlantic Avenue.
      514 NE 3Rd Ave, Delray Beach, FL 33444
      View Details
    • $650,000

      Delray Beach Builder Special

      Corner lot near downtown and the beach. Redevelopment opportunity.
      821 SW 4Th Ave, Delray Beach, FL 33444
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,683 SF

      Restaurant Endcap Space Available

      2,683 SF restaurant space for lease, ample parking.
      190 SE 5Th Ave, Delray Beach, FL 33444
      View Details
    • Contact for pricing
      1,435 SF

      Retail Space in Delray Beach

      Retail space available for lease in Delray Beach, Florida.
      900 Linton Blvd, Delray Beach, FL 33444
      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
    • $3,100 /Mo

      Remodeled Condo Near Atlantic Avenue

      Fully furnished, 3-bedroom condo near beach and nightlife.
      24 SW 4Th Ave, Delray Beach, FL 33444
      View Details
    • $80 SF/Yr
      3,527 SF

      Retail Space in Delray Beach

      Retail space available for lease in Delray Beach, Florida.
      45-65 NE 2Nd Ave, Delray Beach, FL 33444
      View Details
    • $80 SF/Yr

      Restaurant Space in Pineapple Grove

      Restaurant space for rent in Delray Beach's Pineapple Grove.
      319 NE 3Rd Ave, Delray Beach, FL 33444
      View Details
    Request Owner's contact information
    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.
    101 1St St
    Delray Beach, FL 33444
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.