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Property profile & analytics
OFF-MARKET
Office buildings
1302 Wallace Dr Delray Beach, FL 33444-1214
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-4277511
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2017
Construction
WOOD
Total area
2,452 SF
Lot
0.6 ac (26,306 SF)
Zoning code
MIC
APN
12-43-46-20-19-000-0020
UPID
US18-4277511
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
-
Synergy Bill Pro Medical Billing Service
-
Branstetter Tax & Accounting Services, Inc. Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tammy Schmidt · 1 yrs held
Tammy Schmidt
since 2025
Last sale
$328,000
7 recorded transactions
Zoning & alternative use
MIC · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Mixed Industrial and Commercial (MIC) District is created to provide for a mix of industrial, commercial, and office use in a single zoning district. The uses allowed are intended to enhance employment opportunities in the industrial, manufacturing and trade sectors, with supporting business and professional office functions. Retail uses are appropriate…
Zone name
Mixed Industrial And Commercial
General category
INDUSTRIAL
Zone area
106.12 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$18,069
Tax year 2023
Assessed value
$950,905
Assessed 2023
Previous assessed
$846,580
+12.3% YoY
Effective rate
1.90%
On assessed value
Assessed land
$526,080
Assessed improvement
$424,825
Land market value
$526,080
Improvement market value
$424,825
Total market value
$950,905
Applied tax rate
12,987.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2017
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
2,452 SF
Lot
0.6 ac (26,306 SF)
Zoning code
MIC
APN
12-43-46-20-19-000-0020
UPID
US18-4277511
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MIC · Delray Beach, FLZoning MIC · permitted uses
MIC · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Mixed Industrial and Commercial (MIC) District is created to provide for a mix of industrial, commercial, and office use in a single zoning district. The uses allowed are intended to enhance employment opportunities in the industrial, manufacturing and trade sectors, with supporting business and professional office functions. Retail uses are appropriate on a limited basis, and only as a secondary use within the district
Zone name
Mixed Industrial And Commercial
General category
INDUSTRIAL
Zone area
106.12 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2017
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Tammy Schmidt
Individual
Mailing address
1302 WALLACE DR, DELRAY BEACH, FL 33444-1214
Ownership since
2025
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
Apr 21, 2025
—
Tammy Schmidt
Tammy Schmidt
Deed
related
—
Jul 30, 2019
—
Schmidt Investment Properties LLC
—
Deed
related
$268,000 · First Citizens Bank & Trust Co
Oct 3, 2014
$328,000
Schmit Investment Properties LLC
Southern Development Services INC
Warranty Deed
$278,800 · First Citizens Bank & Trust Co
Apr 30, 2004
$355,000
Southern Development Services
Smith,junior W
Grant Deed
—
—
—
J W Smith
—
Deed Of Trust
related
$63,183 · Nationsbank
—
—
Southern Dev Services INC
—
Loan Modification
related
$221,874 · City Nat'l Bk/fl
—
—
Southern Dev Services INC
—
Deed Of Trust
related
$266,250 · City National Bank Of Florida
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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