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Property profile & analytics
OFF-MARKET
Estimated value
$7,010,000
Industrial properties
1116 10th Ave, Delray Beach, FL 33444-1269
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-7233422
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2022
Construction
CONCRETE
Total area
34,925 SF
Lot
2.17 ac (94,516 SF)
Zoning code
MIC
APN
12-43-46-20-01-029-0050
UPID
US18-7233422
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
-
Tier Tech International, Inc. Consultant
-
Coastal Supply Company of South Florida Hardware & Home Improvement Production Facility
-
Stuart & Shelby Development, Inc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.27M
Comparable Approach
Comparable
$4.73M
Blend (final)
Blend
$7.01M
Owner & transaction history
Coastal Business Park LLC · 8 yrs held
Coastal Business Park LLC
since 2018
4 recorded transactions
Zoning & alternative use
MIC · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$10,040,000
6.5%
$9,270,000
7%
$8,605,000
Blend value · Realmo final
$7.01M
Range $6.31M – $7.71M · ±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
$201 / 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
$155,396
Tax year 2023
Assessed value
$7,704,031
Assessed 2023
Previous assessed
$884,476
+771.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$1,867,228
Assessed improvement
$5,836,803
Land market value
$1,867,228
Improvement market value
$5,836,803
Total market value
$7,704,031
Applied tax rate
12,987.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2022
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
34,925 SF
Lot
2.17 ac (94,516 SF)
Zoning code
MIC
APN
12-43-46-20-01-029-0050
UPID
US18-7233422
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MIC · Delray Beach, FL
Zoning MIC · permitted uses
MIC · 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.
Building & site characteristics
From public records
Year built
2022
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
2.17 ac
Current owner
From public records · entity-resolved
Coastal Business Park LLC
Entity
Mailing address
12929 COCOA PNE DR, BOYNTON BEACH, FL 33436-6146
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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 19, 2019
—
Coastal Business Park LLC
—
Grant Deed
related
$4,000,000 · Procura Panama Sa
Feb 27, 2018
$1,150,000
Coastal Business Park LLC
Howdav Land Trust 1
Grant Deed
$1,000,000 · Howdav Land Trust #1 (ct)
Feb 27, 2018
—
Howdav,land Trust 1
Roof,john D
Quit Claim Deed
related
—
Oct 4, 2005
—
Howdav Land Trust 1
Roof,john D
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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