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Property profile & analytics
OFF-MARKET
Estimated value
$405,000
Commercial real estate
115 11th Ave Delray Beach, FL 33444-1527
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-9618984
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1959
Construction
WOOD
Total area
1,868 SF
Lot
0.16 ac (6,878 SF)
Zoning code
RM
APN
12-43-46-17-23-009-0040
UPID
US18-9618984
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$415k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$405k
Owner & transaction history
Lucika L Suarez · 4 yrs held
Lucika L Suarez
since 2022
Last sale
$420,000
7 recorded transactions
Zoning & alternative use
RM · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Medium Density Residential (RM) District is a residential zoning district with flexible densities having a base of six units per acre and a maximum standard density of 12 units per acre, with a maximum incentive density of 24 units per acre in designated areas
Zone name
Multi Family Residential Medium Density
General category
RESIDENTIAL
Zone area
1,691.21 ac
Source
Realmo
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
$405,000
ML approach
$415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$405k
Range $365k – $446k · ±10% · vs last sale $420k (Feb 28 2022)
Last sale anchor
$420k
Feb 28 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
$217 / 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
$4,078
Tax year 2023
Assessed value
$201,144
Assessed 2023
Previous assessed
$205,680
-2.2% YoY
Effective rate
2.03%
On assessed value
Assessed land
$49,000
Assessed improvement
$152,144
Land market value
$49,000
Improvement market value
$152,144
Total market value
$201,144
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1959
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
1,868 SF
Lot
0.16 ac (6,878 SF)
Zoning code
RM
APN
12-43-46-17-23-009-0040
UPID
US18-9618984
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RM · Delray Beach, FLZoning RM · permitted uses
RM · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Medium Density Residential (RM) District is a residential zoning district with flexible densities having a base of six units per acre and a maximum standard density of 12 units per acre, with a maximum incentive density of 24 units per acre in designated areas
Zone name
Multi Family Residential Medium Density
General category
RESIDENTIAL
Zone area
1,691.21 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1959
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.16 ac
Current owner
From public records · entity-resolved
Lucika L Suarez
Individual
Mailing address
115 SW 11TH AVE, DELRAY BEACH, FL 33444-1527
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2022
$420,000
Lucika L Suarez
Bulent Erkan Erdogan
Warranty Deed
$407,483 · United Wholesale Mortgage
Mar 5, 2019
$268,000
Bulent E Erdogan
Dynami Ents LLC
Warranty Deed
$187,600 · Greenbox Lns
Mar 5, 2019
—
Dynami Ents LLC
Daou,alessandre D
Affidavit Of Death
related
—
Nov 20, 2017
$220,000
Dynami Ents LLC
5 Star Realty & Invs INC
Warranty Deed
—
Oct 31, 2017
—
5 Star Realty & Invs INC
Equity Trust Capital LLC
Quit Claim Deed
related
—
Sep 28, 2017
—
5 Star Realty & Invs INC
Equity Trust Capital LLC
Quit Claim Deed
related
—
Aug 3, 2017
—
Equity Trust Capital LLC
First Realty Partners LLC
Quit Claim Deed
related
—
Jul 18, 2017
—
First Realty Partners LLC
—
Trustees Deed
related
$17,500 · Equity Trust Capital LLC
Jun 1, 2016
$138,000
First Realty Partners LLC
Boyland Maudi M
Grant Deed
—
Jun 1, 2016
—
First Realty Partners LLC
Boyland Maudi M
Warranty Deed
$149,600 · Bbt Series Xvi LLC
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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