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

    10 5th Ave Delray Beach, FL 33483-5427

    • Commercial real estate
    • 2,193 SF
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    Apr 14, 2025
    $1,950,000
    Value Estimations
    $1,805,000
    Show details
    Cap Rate Potential
    2.3%
    Commercial real estate
    Location Intelligence
    Property ID
    US18-4866227
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Original Popcorn House / Big Box & Wholesale Store
    • Global Tek Support / Tech Support Center / IT Consulting Firm

    Property Details for 10 5th Ave

    Year built
    1904
    Construction
    WOOD
    Lot size
    0.05 lot acres
    Property size
    2,193 SF
    Zone code
    CBD
    Property type
    Commercial real estate
    APN
    12-43-46-16-C4-000-0010
    APU
    12434616C40000010

    Description

    This exceptional 1,393 square foot retail space is ideally situated on Atlantic Avenue in the vibrant heart of Downtown Delray Beach. The single-tenant property boasts a prime location at the intersection of Atlantic Avenue and Federal Highway, ensuring high visibility and foot traffic. The building is a single-story structure situated on a 0.67-acre lot, offering convenient on-site parking for customers and employees. The space is currently vacant and immediately available, presenting a unique opportunity for a discerning business owner. The interior features approximately 1,400 square feet of first-floor retail space, complete with two grease traps, making it suitable for a variety of food-related businesses or other retail ventures. The property is zoned CBD (Central Business District), allowing for a wide range of permitted uses. This rarely available retail space on Atlantic Avenue represents an exceptional investment opportunity in one of South Florida's most desirable and thriving commercial districts. Its high-traffic location and versatile layout make it an ideal space for a business seeking to establish a strong presence in the heart of Delray Beach. Don't miss this chance to secure a prime retail location in this sought-after area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,630,000
      ML approach
      $1,695,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,425,000
      Market price range: $1.21M - $5.09M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0682
    Latitude
    26.4621
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $22,776
    $910,712
    $215,414
    $1,126,126
    -
    $910,712
    $215,414
    $1,126,126

    Comparable in this City

    • Value Estimation by Request
      754 SF

      277 5th Ave

      COMMERCIAL (GENERAL) • 754 SF
      277 5th Ave, Delray Beach, FL 33483-5206
      View Details
    • Value Estimation by Request
      1,758 SF

      285 5th Ave

      COMMERCIAL (GENERAL) • 1,758 SF
      285 5th Ave, Delray Beach, FL 33483-5206
      View Details
    • Value Estimation
      $2,270,000
      10,823 SF

      306 Atlantic Ave

      COMMERCIAL (GENERAL) • 10,823 SF
      306 Atlantic Ave, Delray Beach, FL 33483-4535
      View Details
    • Value Estimation by Request
      2,000 SF

      369 2nd Ave

      SHOW ROOM, WAREHOUSE • 2,000 SF
      369 2nd Ave, Delray Beach, FL 33483-4401
      View Details
    • Value Estimation
      $855,000
      2,602 SF

      802 Atlantic Ave

      COMMERCIAL (GENERAL) • 2,602 SF
      802 Atlantic Ave, Delray Beach, FL 33483
      View Details
    • Value Estimation
      $1,660,000
      6,020 SF

      700 Atlantic Ave

      COMMERCIAL (GENERAL) • 6,020 SF
      700 Atlantic Ave, Delray Beach, FL 33483-5328
      View Details

    Similar Nearby for Sale

    • $4,000,000

      Prime Delray Beach Redevelopment

      14,800 SF lot, CBD zoning, huge potential.
      181 5Th Ave, Delray Beach, FL 33483
      View Details
    • $360,000
      2,200 SF

      Upscale Day Spa Business for Sale

      Profitable Delray Beach Spa, Turnkey Operation
      555 5Th Ave, Delray Beach, FL 33483
      View Details
    • $3,150,000
      4,960 SF

      Delray Beach Mixed-Use Investment

      Prime SofA District Location, High Potential
      341 2Nd Ave, Delray Beach, FL 33483
      View Details
    • $1,425,000
      705 SF

      Delray Beach Commercial Property For Sale

      Freestanding commercial property in downtown Delray Beach, Florida.
      75 SE 4Th Ave, Delray Beach, FL 33483
      View Details
    • $14,995,000
      1.94 Acres

      Gulf Stream Waterfront Estate Property

      Two-acre Intracoastal Waterway property ready for development.
      2900 Avenue Au Soleil, Gulf Stream, FL 33483
      View Details
    • $2,300,000

      Delray Beach Land Opportunity

      Land with permits for two single-family homes, currently occupied.
      632 Allen Ave, Delray Beach, FL 33483
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo

      East Delray Beach Rental Villa

      Spacious unit near Atlantic Avenue and the ocean.
      394 SE 5Th Ave, Delray Beach, FL 33483
      View Details
    • Contact for pricing
      2,130 SF

      Delray Beach Medspa Endcap Space

      Built-out medspa space in East Delray Beach for rent.
      25-53 SE 4Th Ave, Delray Beach, FL 33483
      View Details
    • $13 SF/Yr
      1,134 SF

      Delray Beach Office Space Available

      Office space for lease in Delray Beach, Florida.
      500 Gulfstream Blvd, Delray Beach, FL 33483
      View Details
    • $45 SF/Yr
      508 SF

      Delray Beach Office Space Available

      Office space for rent in Delray Beach, Florida.
      632-636 E Atlantic Ave, Delray Beach, FL 33483
      View Details
    • $9,262 /Mo

      Ocean View Apartment in Delray

      One-bedroom apartment with ocean views, near shops and restaurants.
      150 N Ocean Blvd S-26, Delray Beach, FL 33483
      View Details
    • Contact for pricing
      2,155 SF

      Retail Space in Delray Beach

      Retail property available for lease in Delray Beach, Florida.
      1832-1840 S Federal Hwy, Delray Beach, FL 33483
      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.
    10 5th Ave
    Delray Beach, FL 33483-5427
    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.