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Property profile & analytics
OFF-MARKET
Estimated value
$30,990,000
Hotels
135 6th Ave Delray Beach, FL 33483-5224
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-0979861
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2019
Construction
STEEL FRAME
Total area
110,919 SF
Lot
1.17 ac (50,752 SF)
Zoning code
CBD
APN
12-43-46-16-P8-001-0000
UPID
US18-0979861
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
-
The Reef Pool Bar Bar & Pub
-
Tommy Bahama Marlin Bar Bar & Pub
-
Courtyard Delray Beach Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$30.99M
Owner & transaction history
Dk Delray Downtown LLC · 9 yrs held
Dk Delray Downtown LLC
since 2016
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$46,470,000
Current use
Blend value · Realmo final
$30.99M
Range $27.89M – $34.09M · ±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
$279 / 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
$491,839
Tax year 2023
Assessed value
$25,754,884
Assessed 2023
Previous assessed
$25,731,698
+0.1% YoY
Effective rate
1.91%
On assessed value
Assessed land
$5,010,000
Assessed improvement
$20,744,884
Land market value
$5,010,000
Improvement market value
$20,744,884
Total market value
$25,754,884
Applied tax rate
88,984.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2019
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
5
Units
150
Total area
110,919 SF
Lot
1.17 ac (50,752 SF)
Zoning code
CBD
APN
12-43-46-16-P8-001-0000
UPID
US18-0979861
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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$46.5M
HOTEL/MOTEL Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2019
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
5
Units
150
Lot
1.17 ac
Current owner
From public records · entity-resolved
Dk Delray Downtown LLC
Entity
Free & Clear · 9 yrs held
Mailing address
701 S OLIVE AVE STE #104, WEST PALM BEACH, FL 33401-6197
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2017
—
Dk Delray Downtown LLC
—
Deed
related
$27,300 · Pnc Bk
Nov 1, 2016
$2,875,000
Dk Delray Downtown LLC
Tresshanti LLC
Grant Deed
—
Jun 10, 2014
$2,000,000
Tresshanti LLC
Sf 6th Ave Delray LLC
Grant Deed
—
Jan 31, 2013
$1,470,000
Sf 6th Ave Delray LLC
Delray 6 Ave LLC
Grant Deed
related
—
Dec 3, 2012
$500
Delray 6 Ave LLC
Delray Townhomes LLC Coc
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Dec 13, 2005
$700,000
Delray Townhomes LLC
Mendozza LLC
Warranty Deed
—
Aug 11, 2001
$350,000
Mendozza LLC
Delray Beauty Salon INC
Grant Deed
$175,000 · Margaret
—
—
Sf 6th Ave Delray LLC
—
Deed Of Trust
related
$750,000 · Legacy Bk/fl
—
—
Dk Delray Downtown LLC
—
Deed Of Trust
related
$27,300 · Pnc Bk
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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