New search
Property profile & analytics
OFF-MARKET
Estimated value
$48,925,000
Hotels
1000 Atlantic Ave Delray Beach, FL 33483-6910
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5485573
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Year built
2009
Construction
CONCRETE
Total area
153,450 SF
Lot
1.73 ac (75,415 SF)
Zoning code
CBD
APN
12-43-46-16-L5-001-0010
UPID
US18-5485573
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Tesla Destination Charger Electric Vehicle Charging Station
-
The Seagate Hotel & Spa Hotel & Motel
-
The Seagate Spa Spa & Massage Center
-
Atlantic Grille Restaurant
-
ETC. Café Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$48.93M
Owner & transaction history
Hhc Atlantic LLC · 21 yrs held
Hhc Atlantic LLC
since 2005
4 recorded transactions
Zoning & alternative use
CBD · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$75.8M
+17.9%
Office building
$72.2M
+12.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Delray Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delray Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$64,285,000
Current use
AUTO REPAIR, GARAGE
$75,790,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$72,235,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$48.93M
Range $44.03M – $53.82M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$319 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$843,760
Tax year 2023
Assessed value
$42,301,769
Assessed 2023
Previous assessed
$40,895,025
+3.4% YoY
Effective rate
1.99%
On assessed value
Assessed land
$13,891,824
Assessed improvement
$28,409,945
Land market value
$13,891,824
Improvement market value
$28,409,945
Total market value
$42,301,769
Applied tax rate
88,984.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL-RESORT
Status
Off-Market
Year built
2009
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Stories
5
Total area
153,450 SF
Lot
1.73 ac (75,415 SF)
Zoning code
CBD
APN
12-43-46-16-L5-001-0010
UPID
US18-5485573
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CBD · Delray Beach, FL
Zoning CBD · permitted uses
CBD · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Delray Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$64.3M
AUTO REPAIR, GARAGE
Est. value
$75.8M
OFFICE BUILDING
Est. value
$72.2M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
5
Lot
1.73 ac
Current owner
From public records · entity-resolved
Hhc Atlantic LLC
Entity
Mailing address
601 N CONGRESS AVE, DELRAY BEACH, FL 33445-4621
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2012
—
Lrr & M LLC
—
Deed Of Trust
related
$91,589,245 · Goldman Sachs Bank USA
Apr 28, 2005
$13,262,056
Hhc Atlantic LLC
1000 Atlantic Avenue Ptrs
Grant Deed
$9,100,000 · Mellon United National Bank
Mar 3, 2005
—
1000 Atlantic Avenue Ptrs
—
Trustees Deed
related
$2,500,000 · Mellon United National Bank
—
—
L R R & M LLC
—
Deed Of Trust
related
$101,589,245 · Goldman Sachs Bank USA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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