Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    200 2Nd Ave Delray Beach, FL 33444

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    200 2Nd Ave Delray Beach, FL 33444

    View on Map
    • Retail properties & Spaces
    • 16,672 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Spotted On 2nd / Art Gallery / Gift Shop
    • Justice Law Fund / Law Firm
    • InterCode / Consultant
    • Sugaring NYC - Delray Beach / Spa & Massage Center / Skin Care Clinic
    • City Walk / Apartment Complex

    Property Details for 200 2Nd Ave

    Year built
    2007
    Property size
    16,672 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    This exceptional 1,065 square foot office space is located within the vibrant City Walk @ Pineapple Grove in Delray Beach, Florida. The property, built in 2007, is part of a larger 16,672 square foot building and offers a prime location in a bustling area. The space is categorized as both Traditional and Executive Office, and is currently available for lease as a single suite within a multi-tenant building. City Walk boasts convenient structured parking for all tenants and visitors, a significant advantage in this desirable location. Its strategic position places it within a two-minute walk of Atlantic Avenue, the Crest Theater, and the outdoor entertainment venues at Old School Square. The property benefits from high pedestrian traffic generated by its proximity to The Ray Hotel (a 141-room, 5-star hotel with multiple amenities) and the Hyatt Place Delray Beach (a 137-room hotel). This makes it an ideal location for businesses seeking high visibility and accessibility in the heart of Delray Beach's thriving Pineapple Grove district. The address is 200 NE 2nd Ave, Delray Beach, FL 33444.

    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
    -80.0714
    Latitude
    26.4659

    Comparable in this City

    • Value Estimation by Request
      1,500 SF

      2 Turnkey Bbq Ventures

      Restaurants • 1,500 SF
      2 Turnkey Bbq Ventures, Delray Beach, FL 33444
      View Details
    • 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
      $2,305,000
      9,173 SF

      902 10th St

      RETAIL STORES (PERSONAL SERVICES) • 9,173 SF
      902 10th St, Delray Beach, FL 33444-2245
      View Details
    • Value Estimation by Request
      1,210 SF

      12 1st Ave, Unit 102

      RETAIL STORES (PERSONAL SERVICES) • 1,210 SF
      12 1st Ave, Delray Beach, FL 33444-3775
      View Details
    • Value Estimation by Request
      10,800 SF

      45 2nd Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,800 SF
      45 2nd Ave, Delray Beach, FL 33444-3701
      View Details
    • Value Estimation
      $855,000
      3,623 SF

      270 Atlantic Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,623 SF
      270 Atlantic Ave, Delray Beach, FL 33444-3727
      View Details

    Similar Nearby for Sale

    • New
      $3,000,000
      3,296 SF

      Delray Beach Retail/Office Building

      Retail/Office building in the heart of Delray Beach.
      23 S Swinton Ave, Delray Beach, FL 33444
      View Details
    • $4,990,000

      Delray Beach Freestanding Commercial Property

      Free-standing commercial property in Delray Beach's CBD, built in 2018.
      124 NE 5Th Ave, Delray Beach, FL 33444
      View Details
    • Contact for pricing
      10,526 SF

      Downtown Delray Office/Retail Space

      Office/retail space in high-traffic Pineapple Grove, Downtown Delray.
      325 NE 2Nd Ave, Delray Beach, FL 33444
      View Details

    Similar Nearby for Lease

    • $70 SF/Yr

      Delray Arts District Retail Space

      Retail space in downtown Delray's vibrant arts district.
      1133 W Atlantic 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
    • $73 SF/Yr

      Downtown Delray Beach Retail Space

      Retail space for lease in Downtown Delray Beach, Florida.
      1107 W Atlantic Ave, Delray Beach, FL 33444
      View Details
    • $6,000 /Mo

      Downtown Delray Office/Retail Space

      High-traffic office/retail space in Pineapple Grove, Downtown Delray.
      325 NE 2Nd Ave, Delray Beach, FL 33444
      View Details
    • $5,999 /Mo
      10,526 SF

      Delray Beach Commercial Space

      Commercial space available for rent in Delray Beach, Florida.
      325 NE 2Nd Ave, Delray Beach, FL 33444
      View Details
    • Contact for pricing
      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
    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.
    200 2Nd Ave
    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.
    Sign Up Successful!
    You now have access to more from Realmo!