Financial
Distress signals
Property profile

1191 N Federal Hwy Delray Beach, FL 33483

FOR SALE
Strip malls
Property ID
US18-5178925
3,200 SF 0.45 ac lot Built 1977
Last sale Jun 2020 · $800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a corner commercial unit formerly operated as a restaurant in Delray Beach, Florida, located on N Federal Highway. It is configured for food service use with an included kitchen package that lists an oven, stove, refrigerator, freezer, a 3-compartment washer/sink, and a soda dispenser. The improvements include a newly constructed, code-compliant, permitted bathroom. The site is described as a corner lot that may allow for additional side seating adjacent to the building. The

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$20k
Tax billed · 2023
Assessed value$993k
Assessed land$681k
Assessed improvement$312k
Effective rate2.00%

Value estimate

· Sep 2026
$1.14M
$1.02M – $1.25M
AI approach$1.15M
CAP approach$950k
NOI build-up
Gross scheduled income$52k
Vacancy & credit loss−$3k
Operating expenses−$15k
NOI · 69.09% cap applied$35k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$908/SF
Submarket average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$523 – $1,381
Qualifying comparables5

Cap rate analysis

How does the asset earn?
69.09%
$35k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
GC
The General Commercial (GC) District provides basic regulations for small parcels which are best suited for general retail and office use...
General categoryMIXED_USE
JurisdictionPALM BEACH

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service9.8
Shoe Repair8.7
Convenience Store8.5

Location

1191 N Federal Hwy Delray Beach, FL 33483
County assessor Recorded deeds · 4 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 16 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
142 6th, Delray Beach, FL 33483-5260 $3,125,000 Apr 2025 5,002 SF
701 George Bush, Delray Beach, FL 33483-5700 $1,500,000 Jan 2023 1,980 SF
2000 Federal Hwy, Delray Beach, FL 33483-6010 $3,675,000 Oct 2022 No data
3416 Federal, Delray Beach, FL 33483-3227 $1,690,000 Aug 2021 3,425 SF
718 George Bush, Delray Beach, FL 33483-5754 $2,100,000 Sep 2020 3,982 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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