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    Atlantic Ave And Military Trl Delray Beach, FL 33484

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    Atlantic Ave And Military Trl Delray Beach, FL 33484

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    • Lifestyle centers
    • 241,682 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 Atlantic Ave And Military Trl

    Property size
    241,682 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail opportunity, the Marketplace of Delray, presents 241,682 square feet of prime commercial space situated at the prominent intersection of West Atlantic Avenue and Military Trail in Delray Beach, Florida (zip code 33484). Currently, there are 11 available suites ranging from a minimum of 700 square feet to a maximum contiguous space of 8,035 square feet, perfect for a variety of retail and restaurant uses. The property is a multi-tenant shopping center located in Palm Beach County, offering high visibility and accessibility. A total of 33,121 square feet is currently vacant, providing significant potential for expansion or new tenants. The property's strategic location within a thriving commercial area ensures high foot traffic and exposure to a large customer base. This is an excellent investment opportunity for businesses seeking a well-established location in a bustling Florida community. The property's size and layout offer flexibility for various business models, from smaller boutiques to larger flagship stores or restaurants. With its convenient access and ample space, the Marketplace of Delray is poised for continued success. Contact us today to learn more about this exceptional retail property and the available leasing options.

    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
    -80.1226
    Latitude
    26.4578

    Comparable in this City

    • Value Estimation by Request
      86,118 SF

      14860 Military Trl

      Lifestyle centers • 86,118 SF
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    • Value Estimation
      $24,645,000
      27,978 SF

      14535 Military Trl Ste A

      MINI-MALL • 27,978 SF
      14535 Military Trl Ste A, Delray Beach, FL 33484-3709
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    • Value Estimation
      $11,310,000
      8,666 SF

      5024 Atlantic Ave

      MINI-MALL • 8,666 SF
      5024 Atlantic Ave, Delray Beach, FL 33484-8129
      View Details
    • Value Estimation
      $11,660,000
      44,234 SF

      5850 Atlantic Ave

      MINI-MALL • 44,234 SF
      5850 Atlantic Ave, Delray Beach, FL 33484-8429
      View Details
    • Value Estimation
      $4,800,000
      33,028 SF

      14530 Military Trl

      MINI-MALL • 33,028 SF
      14530 Military Trl, Delray Beach, FL 33484-3706
      View Details
    • Value Estimation
      $2,600,000
      15,973 SF

      14802 Military Trl

      MINI-MALL • 15,973 SF
      14802 Military Trl, Delray Beach, FL 33484-8153
      View Details

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    Atlantic Ave And Military Trl
    Delray Beach, FL 33484
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    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
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