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Property profile & analytics
OFF-MARKET
Estimated value
$6,195,000
Banks
109 5th Ave Delray Beach, FL 33483-5204
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-2825782
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2002
Construction
CONCRETE
Total area
11,144 SF
Lot
0.89 ac (38,712 SF)
Zoning code
CBD
APN
12-43-46-16-F1-000-0010
UPID
US18-2825782
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
-
CDS International Holdings Holding Company
-
PNC ATM Atm
-
PNC Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.66M
Blend (final)
Blend
$6.20M
Owner & transaction history
109 5th LLC · 4 yrs held
109 5th LLC
since 2022
Last sale
$6.2M
2 recorded transactions
Zoning & alternative use
CBD · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Central Business District (CBD) is established to preserve and protect the cultural and historic aspects of downtown Delray Beach and simultaneously provide for the stimulation and enhancement of the vitality and economic growth of this special area. The CBD is comprised of five sub-districts, each with regulations to support their distinctive characteri…
Zone name
Central Business District
General category
COMMERCIAL
Zone area
229.25 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$10.1M
+145.8%
Retail stores
$9.9M
+140.8%
Restaurant
$7.7M
+86.9%
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
$6,295,000
ML approach
$6,175,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$4,115,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$10,120,000
Change: +146% · Conversion: Difficult
RETAIL STORES
$9,915,000
Change: +141% · Conversion: Difficult
RESTAURANT
$7,690,000
Change: +87% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,640,000
Change: +86% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,505,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$5,245,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$6.20M
Range $5.58M – $6.81M · ±10% · vs last sale $6.15M (Apr 26 2022)
Last sale anchor
$6.15M
Apr 26 2022
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
$556 / 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
$114,723
Tax year 2023
Assessed value
$5,674,800
Assessed 2023
Previous assessed
$5,220,352
+8.7% YoY
Effective rate
2.02%
On assessed value
Assessed land
$3,871,300
Assessed improvement
$1,803,500
Land market value
$3,871,300
Improvement market value
$1,803,500
Total market value
$5,674,800
Applied tax rate
88,987.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
11,144 SF
Lot
0.89 ac (38,712 SF)
Zoning code
CBD
APN
12-43-46-16-F1-000-0010
UPID
US18-2825782
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CBD · Delray Beach, FLZoning 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
Zoning description
The Central Business District (CBD) is established to preserve and protect the cultural and historic aspects of downtown Delray Beach and simultaneously provide for the stimulation and enhancement of the vitality and economic growth of this special area. The CBD is comprised of five sub-districts, each with regulations to support their distinctive characteristics. The CBD is compatible with land areas designated as Commercial Core on the Land Use Map
Zone name
Central Business District
General category
COMMERCIAL
Zone area
229.25 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.1M
RETAIL STORES
Est. value
$9.9M
RESTAURANT
Est. value
$7.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.6M
AUTO REPAIR, GARAGE
Est. value
$5.5M
OFFICE BUILDING
Est. value
$5.2M
FINANCIAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2002
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.89 ac
Current owner
From public records · entity-resolved
109 5th LLC
Entity
Mailing address
98 SE 6TH AVE, DELRAY BEACH, FL 33483-5363
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2022
$6,150,000
109 5th LLC
First Street Delray LLC
Special Warranty Deed
$4,000,000 · Cds Finance Company LLC
Apr 19, 2021
$4,250,000
First Street Delray LLC
Pnc Bank National Association
Special Warranty Deed
—
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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