1215 Wallace Dr Delray Beach, FL 33444-4600
- Office buildings
- 18,400 SF
- 1.80 lot acres
Current Use by Public Records
- American Vibracore Services Inc / Environmental Engineer
- Florida Mold Consultants / Plastic Fabrication Company
Property Details for 1215 Wallace Dr
- Year built
- 1983
- Construction
- CONCRETE
- Lot size
- 1.80 lot acres
- Property size
- 18,400 SF
- 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 Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,855,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,150,000
- 6.5%
- $5,570,000
- 7%
- $5,405,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $6,005,000
- Geo Method
- $5,360,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,605,000
- Retail
- $5,835,000
- Mixed-Use
- $5,910,000
- Hospitality
- $6,200,000
- Educational
- $6,285,000
- Residential Income
- $5,655,000
- Energy
- $5,180,000
- Income-Based Land
- $5,175,000
- Food Service
- $5,080,000
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
