1215 Wallace Dr Delray Beach, FL 33444-4600
Property profile & analytics
1215 Wallace Dr, Delray Beach, FL 33444-4600
- Office buildings
- 18,400 SF
- 1.80 lot acres
Property ID
US18-0871958
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.
Location Intelligence
Current Use by Public Records
- American Vibracore Services Inc / Environmental Engineer
- Florida Mold Consultants / Factory / Production Facility
Property Details for 1215 Wallace Dr
- Year built
- 1983
- Construction
- CONCRETE
- Lot size
- 1.80 lot acres
- Zone code
- LI
- Property type
- Office buildings
- APN
- 12-43-46-20-01-030-0040
- APU
- 12434620010300040
Description
This exceptional 18,934-square-foot flex building in Delray Beach, Florida, presents a unique owner-user or investment opportunity. Located on a 1.8-acre lot at 1215 Wallace Dr, this single-story, Class B property boasts 94 parking spaces—an impressive 5 per 1,000 square feet—and secure gated access. Built in 1983 and extensively renovated in 2007, the building features upgraded restrooms, electrical systems, and HVAC units. Currently vacant, this flex space is ideally suited for various uses, including call centers, light assembly, fitness facilities, wholesale, distribution, or professional offices. The property's LI zoning allows for a wide range of possibilities. Situated in the highly desirable East Delray Beach market, just off I-95 between Linton Boulevard and Atlantic Avenue, this asset benefits from strong demographics and low vacancy rates. The asking price is $6,250,000, translating to $330.09 per square foot. This is a fee-simple ownership opportunity within a designated Opportunity Zone. The property's exceptional condition and prime location make it an attractive investment for discerning buyers.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,855,000
- ML approach
- $4,840,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,114,000
Market price range: $5.11M - $13.3M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $8,660,000 Current use
- MEDICAL BUILDING
- $7,250,000 Change: -16% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Delray Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0839
- Latitude
- 26.4436
- 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
$68,072
$1,726,274
$1,998,950
$3,725,224
-
$1,726,274
$1,998,950
$3,725,224
