You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $5,280,000
Office buildings

1215 Wallace Dr Delray Beach, FL 33444-4600

18,400 SF 1.8 ac lot Built 1983
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US18-0871958
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 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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1983
Construction CONCRETE
Total area 18,400 SF
Lot 1.8 ac (78,469 SF)
Zoning code LI
APN 12-43-46-20-01-030-0040
UPID US18-0871958
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
  • American Vibracore Services Inc Environmental Engineer
  • Florida Mold Consultants Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.84M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.11M
Blend (final) Blend
$5.28M
Owner & transaction history
Wallace Drive LLC · 1 yrs held
Wallace Drive LLC
since 2025
Last sale
$5.8M
7 recorded transactions
2025
$5.8M
2021
$5.0M
2017
Price N/A
2006
$3.1M
2004
$2.4M
2002
$975,000
1969
Price N/A
Zoning & alternative use
LI · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The Light Industrial (LI) District provides an opportunity to site, develop, and maintain high quality industrial land uses outside of an industrial park setting. It also allows certain industrial land uses to be located in areas which are considered to be environmentally or aesthetically sensitive

Zone name Light Industrial
General category INDUSTRIAL
Zone area 17.13 ac
Source Realmo
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1215 Wallace Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message