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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Retail space
124 5th Ave Delray Beach, FL 33483-5429
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-2583604
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2018
Construction
CONCRETE
Total area
6,364 SF
Lot
0.31 ac (13,695 SF)
Zoning code
CBD
APN
12-43-46-16-01-099-0180
UPID
US18-2583604
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
-
Flow and Mills Signature Detailing Car Wash
-
Elite Garage Door Repair Delray Beach Building Supply General Contractor
-
DELRAY SHORES PHARMACY Pharmacy
-
The Foxworth Fountain Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.66M
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.22M
Owner & transaction history
Flossy B Building LLC · 10 yrs held
Flossy B Building LLC
since 2015
7 recorded transactions
Zoning & alternative use
CBD · 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%
$1,795,000
6.5%
$1,655,000
7%
$1,535,000
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±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
$191 / 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
$28,367
Tax year 2023
Assessed value
$2,720,810
Assessed 2023
Previous assessed
$2,610,921
+4.2% YoY
Effective rate
1.04%
On assessed value
Assessed land
$1,581,773
Assessed improvement
$1,139,037
Land market value
$1,581,773
Improvement market value
$1,139,037
Total market value
$2,720,810
Applied tax rate
88,987.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2018
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
6,364 SF
Lot
0.31 ac (13,695 SF)
Zoning code
CBD
APN
12-43-46-16-01-099-0180
UPID
US18-2583604
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CBD · Delray Beach, FL
Zoning CBD · permitted uses
CBD · 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
2018
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Flossy B Building LLC
Entity
Free & Clear · 10 yrs held
Mailing address
124 NE 5TH AVE, DELRAY BEACH, FL 33483-5429
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2021
—
Flossy B Building LLC
—
Deed
related
$2,300,000 · South State Bank NA
Nov 6, 2015
$1,250,000
Flossy B Building LLC
Kh Delray At Fifth LLC
Warranty Deed
—
Feb 27, 2013
$450,000
Kh Delray At Fifth LLC
Wage LLC
Grant Deed
—
Jun 23, 2011
—
Wage LLC
Security Bk
Warranty Deed
—
May 31, 2011
$501,200
Security Bk
Madison At Delray LLC Coc
Trustees Deed
related
—
May 16, 2007
—
Madison At Delray LLC
Owner,record
Warranty Deed
related
—
Dec 9, 2005
$1,600,000
Madison At Delray LLC
Bridges,digby
Warranty Deed
—
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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