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    11 South Swinton Ave Delray Beach, FL 33444
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    Property profile & analytics

    11 South Swinton Ave, Delray Beach, FL 33444

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    • Office buildings
    • 3,046 SF
    • 0.29 lot acres
    For Lease
    $2,120,000
    View Listing →
    Prime Location Near East Atlantic For Lease
    $2,120,000

    Prime Location Near East Atlantic

    Office space near dining and retail destinations.

    11 South Swinton Avenue, Delray Beach, FL 33444
    View Listing
    Property ID
    US18-3222558
    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.
    Value Estimations
    $2,120,000
    Cap Rate Potential
    4.3%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Pivotal Funds / Loan Service
    • Revest LLC / Real Estate Agency
    • Host Building Group / Renovation Specialist / General Contractor
    • Summit Realty & Management Services LLC / Real Estate Agency

    Property Details for 11 South Swinton Ave

    Year built
    1998
    Construction
    CONCRETE
    Lot size
    0.29 lot acres
    Zone code
    OSSHAD
    Property type
    Office buildings
    APN
    12-43-46-16-01-069-0070
    APU
    12434616010690070

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,985,000
      ML approach
      $1,955,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,435,000
      6.5%
      $1,325,000
      7%
      $1,230,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,205,000
      Market price range: $847k - $2.21M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,435,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,765,000
      Change: +93% Conversion: Difficult
      RETAIL STORES
      $2,710,000
      Change: +89% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,950,000
      Change: +36% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,505,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0728
    Latitude
    26.461
    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
    $34,402
    $1,342,845
    $573,177
    $1,916,022
    -
    $1,342,845
    $573,177
    $1,916,022

    Comparable in this City

    • Value Estimation
      $755,000
      2,208 SF

      334 3rd Ave

      OFFICE BUILDING (MULTI-STORY)
      334 3rd Ave, Delray Beach, FL 33444-3812
      View Details
    • Value Estimation
      $730,000
      2,348 SF

      229 George Bush Blvd

      OFFICE BUILDING (MULTI-STORY)
      229 George Bush Blvd, Delray Beach, FL 33444-4034
      View Details
    • Value Estimation by Request
      2,452 SF

      1302 Wallace Dr

      OFFICE BUILDING (MULTI-STORY)
      1302 Wallace Dr, Delray Beach, FL 33444-1214
      View Details
    • Value Estimation
      $5,280,000
      18,400 SF

      1215 Wallace Dr

      OFFICE BUILDING (MULTI-STORY)
      1215 Wallace Dr, Delray Beach, FL 33444-4600
      View Details
    • Value Estimation
      $780,000
      2,000 SF

      241 18th Ave

      OFFICE BUILDING (MULTI-STORY)
      241 18th Ave, Delray Beach, FL 33444-1683
      View Details
    • Value Estimation
      $1,350,000
      4,258 SF

      151 1st Ave

      OFFICE BUILDING (MULTI-STORY)
      151 1st Ave, Delray Beach, FL 33444-2611
      View Details

    Similar Nearby for Sale

    • $1,695,000

      Delray Beach Mixed-Use Property

      Commercial/mixed-use property in prime, walkable downtown Delray Beach location.
      138 N Swinton Ave, Delray Beach, FL 33444
      View Details
    • $1,300,000
      1,563 SF

      East Delray Beach Freestanding Office

      Freestanding office near Atlantic Ave, Pineapple Grove, and US-1.
      621 NE 3Rd Ave, Delray Beach, FL 33444
      View Details
    • $1,595,000
      1,620 SF

      Mixed-Use Property Near Atlantic Avenue

      Commercial/mixed-use property in prime, walkable downtown Delray location.
      138 N Swinton Ave, Delray Beach, FL 33444
      View Details
    • Contact for pricing
      4,045 SF

      Historical Office Building Near Atlantic

      Historical office building with parking near downtown Delray Beach.
      124 N Swinton 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

    • $5,000 /Mo
      10,526 SF

      Delray Beach Commercial Space

      Commercial space for rent in Delray Beach, Florida.
      325 NE 2Nd Ave, Delray Beach, FL 33444
      View Details
    • Contact for pricing

      Premier Mixed-Use Development in Delray

      Fully immersed mixed-use development at Atlantic and Swinton Avenue.
      22 West 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
    • $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
    • $27 SF/Yr
      2,601 SF

      Delray Beach Industrial Flex Unit

      2,601 SF industrial flex unit in Delray Beach, FL.
      1250 Wallace Dr, Delray Beach, FL 33444
      View Details
    • Contact for pricing
      2,278 SF

      Class A+ Office Space

      Modern office space with exclusive tenant amenities and substantial parking.
      55 SW 1St Ave, Delray Beach, FL 33444
      View Details
    View Listing
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    Delray Beach, FL 33444
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    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
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    11 South Swinton Ave, Delray Beach, FL, 33444
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