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    1200 17th Ave Delray Beach, FL 33445-2503
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    Property profile & analytics

    1200 17th Ave, Delray Beach, FL 33445-2503

    View on Map
    • Office buildings
    • 31,231 SF
    • 3.11 lot acres
    Off-Market
    Property ID
    US18-9039059
    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
    $7,140,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • EXIT Realty Delray / Real Estate Agency
    • paradise security team / Security Service
    • PARADISE SERVICES -TRAFFIC SCHOOL-SECURITY TRAINING / Security Service
    • Meta Life Center / Alternative Medicine Practice / Spiritual Center
    • The SW Group / Theater & Performing Art Venue / Music Venue

    Property Details for 1200 17th Ave

    Year built
    2003
    Construction
    CONCRETE
    Lot size
    3.11 lot acres
    Zone code
    PCC
    Property type
    Office buildings
    APN
    12-43-46-07-32-013-0020
    APU
    12434607320130020

    Description

    This exceptional single-tenant office space, located at 1200 NW 17th Avenue in Delray Beach, Florida, offers 31,231 square feet of beautifully designed workspace. The property is zoned PCC(ci) and features a private office with a locked door, easily accommodating two desks (one desk and chair included). Amenities include mail service with a physical address, high-speed and secure Wi-Fi access, and a shared conference room. Free parking is provided for added convenience. The building's strategic location offers easy access to major roadways, being centrally located near I-95 and the Florida Turnpike, and directly off Congress Avenue in Delray Beach, Florida (zip code 33445). The property's APN is 12434607320130017. This is a single-suite building on a lot with no recorded square footage. This turnkey office space presents a fantastic opportunity for businesses seeking a well-appointed and conveniently located office in a thriving area of Delray Beach. The property is ideal for a business needing a significant amount of space in a single unit.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,680,000
      Market price range: $8.68M - $22.6M
      AI Estimate
      $5,631,000
      Market price range: $4.29M - $16.6M

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

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0897
    Latitude
    26.4769
    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
    $111,478
    $1,879,691
    $3,899,872
    $5,779,563
    -
    $1,879,691
    $3,899,872
    $5,779,563

    Comparable in this City

    • Value Estimation
      $8,520,000
      23,442 SF

      1000 17th Ave

      OFFICE BUILDING (MULTI-STORY)
      1000 17th Ave, Delray Beach, FL 33445-2555
      View Details
    • Value Estimation
      $14,275,000
      29,734 SF

      4733 Atlantic Ave

      OFFICE BUILDING (MULTI-STORY)
      4733 Atlantic Ave, Delray Beach, FL 33445-3706
      View Details
    • Value Estimation by Request
      101,006 SF

      1615 Congress Ave

      OFFICE BUILDING (MULTI-STORY)
      1615 Congress Ave, Delray Beach, FL 33445-6300
      View Details
    • Value Estimation by Request
      367 SF

      160 Congress Park Dr Ste, Unit 109

      OFFICE BUILDING
      160 Congress Park Dr Ste, Delray Beach, FL 33445-4724
      View Details
    • Value Estimation by Request
      376 SF

      160 Congress Park Dr Ste, Unit 111

      OFFICE BUILDING
      160 Congress Park Dr Ste, Delray Beach, FL 33445-4724
      View Details
    • Value Estimation by Request
      367 SF

      160 Congress Park Dr Ste, Unit 202

      OFFICE BUILDING
      160 Congress Park Dr Ste, Delray Beach, FL 33445-4724
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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    • $1,950,000
      4,681 SF

      Delray Beach Warehouse - $1.95M

      Prime Delray Beach warehouse, 4,681 sq ft.
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      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
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      26,482 SF office space available for sublease in Delray Beach.
      1615 South Congress Ave, Delray Beach, FL 33445
      View Details
    • Sponsored
      Contact for pricing

      The Arbors

      Discover many ways to work your way in The Arbors
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    • Contact for pricing
      4,150 SF

      Delray Office/Warehouse Space Available

      Office and warehouse units for lease in Delray Beach.
      1255 NW 17Th Ave, Delray Beach, FL 33445
      View Details
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      3,442 SF

      Delray Beach Office Warehouse Space

      3,000 SF office warehouse with renovated office space.
      2915 S Congress Ave, Delray Beach, FL 33445
      View Details
    • Contact for pricing
      23,000 SF

      Delray Beach Office Sublease

      Office space available for sublease in Delray Beach, Florida.
      1690 S Congress Ave, Delray Beach, FL 33445
      View Details
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    1200 17th Ave
    Delray Beach, FL 33445-2503
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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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    1200 17th Ave, Delray Beach, FL, 33445
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