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Property profile

1215 Wallace Dr Delray Beach, FL 33444

OFF-MARKET
Office buildings
Property ID
US18-0871958
18,400 SF 1.8 ac lot Built 1983
Last sale Mar 2025 · $5,800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$68k
Tax billed · 2023
Assessed value$3.73M
Assessed land$1.73M
Assessed improvement$2.00M
Effective rate1.83%

Value estimate

· Oct 2026
$4.86M
$4.37M – $5.34M
AI approach$4.84M
Submarket $/SF estimate$5.11M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$471/SF
Submarket average, outlier-cleaned · 50 recorded sales of this use type
Observed band · Q1–Q3$278 – $724

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
LI
The Light Industrial (LI) District provides an opportunity to site, develop, and maintain high quality industrial land uses outside of an...
General categoryINDUSTRIAL
JurisdictionPALM BEACH

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility14.9
Smoke and Vape Shop10.0
Dry Cleaner9.6

Location

1215 Wallace Dr Delray Beach, FL 33444-4600
County assessor Recorded deeds · 10 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
205 5th, Delray Beach, FL 33444-3866 $2,658,825 Jun 2024 5,567 SF
1595 4th, Delray Beach, FL 33444-8133 $4,510,000 Apr 2023 13,790 SF
226 Palm, Delray Beach, FL 33444-4016 $5,500,000 Jan 2022 6,334 SF
75 1st, Delray Beach, FL 33444-2601 $6,120,000 Jul 2021 10,260 SF
151 1st, Delray Beach, FL 33444-2611 $1,960,000 Nov 2019 4,258 SF
110 Atlantic, Delray Beach, FL 33444-3746 $31,000,000 Dec 2018 43,611 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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