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Property profile & analytics
OFF-MARKET
Estimated value
$7,140,000
Office buildings
1200 17th Ave Delray Beach, FL 33445-2503
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US18-9039059
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2003
Construction
CONCRETE
Total area
31,231 SF
Lot
3.11 ac (135,498 SF)
Zoning code
PCC
APN
12-43-46-07-32-013-0020
UPID
US18-9039059
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.68M
Blend (final)
Blend
$7.14M
Owner & transaction history
J3jb LLC · 18 yrs held
J3jb LLC
since 2008
4 recorded transactions
Zoning & alternative use
PCC · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.14M
Range $6.43M – $7.85M · ±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
$229 / 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
$111,478
Tax year 2023
Assessed value
$5,779,563
Assessed 2023
Previous assessed
$5,102,724
+13.3% YoY
Effective rate
1.93%
On assessed value
Assessed land
$1,879,691
Assessed improvement
$3,899,872
Land market value
$1,879,691
Improvement market value
$3,899,872
Total market value
$5,779,563
Applied tax rate
12,984.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
31,231 SF
Lot
3.11 ac (135,498 SF)
Zoning code
PCC
APN
12-43-46-07-32-013-0020
UPID
US18-9039059
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PCC · Delray Beach, FL
Zoning PCC · permitted uses
PCC · 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
2003
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.11 ac
Current owner
From public records · entity-resolved
J3jb LLC
Entity
Mailing address
1888 NW 21ST ST, POMPANO BEACH, FL 33069-1334
Ownership since
2008
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
Feb 11, 2008
$5,175,000
J3jb LLC
1200 Poc LLC
Special Warranty Deed
—
Oct 29, 2002
$500,000
1200 Poc LLC
Pbc Holdings INC
Grant Deed
$500,000 · Pbc Holdings INC
—
—
1200 Poc LLC
—
Deed Of Trust
related
$4,000,000 · Archon Financial LP
—
—
J3jb LLC
—
Deed Of Trust
related
$3,000,000 · Mercantil Commercebank
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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