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Property profile & analytics
OFF-MARKET
Estimated value
$2,655,000
Distribution centers
1364 Gwenzell Ave Delray Beach, FL 33444-1298
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0283382
Property summary
AI-generated overview
This impeccably maintained 6,000 square foot flex/warehouse space in Delray Beach, Florida, offers a rare leasing opportunity. Located just three minutes from I-95, this single-story, 1987-built property features six roll-up doors (three front, three rear), full air conditioning, three private offices, and two private bathrooms. The space boasts ample power for heavy equipment and high ceilings throughout. Owned and managed by the adjacent tenant, this property benefits from consistently excellent maintenance. Ample parking is available directly adjacent to the building. Security is enhanced by cameras and surveillance video covering the entire property. The total building size is 12,000 square feet, with a minimum divisible space of 6,000 square feet and a maximum contiguous space of 6,000 square feet. The property is located in Palm Beach County, Florida, at 1364 Gwenzell Avenue, Delray Beach, zip code 33444. This is a multi-tenant property with one space currently available. There are no elevators.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1987
Construction
CONCRETE BLOCKS
Total area
14,628 SF
APN
12-43-46-20-51-002-0000
UPID
US18-0283382
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
-
omni fabrication Metal Fabrication Plant Factory
-
DelFlo Industries Industrial Manufacturer Metal Fabrication Plant
-
KraftWorks Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.95M
Comparable Approach
Comparable
$2.23M
Blend (final)
Blend
$2.66M
Owner & transaction history
1364 Gwenzell Avenue LLC · 20 yrs held
1364 Gwenzell Avenue LLC
since 2006
2 recorded transactions
Zoning & alternative use
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%
$3,195,000
6.5%
$2,950,000
7%
$2,740,000
Blend value · Realmo final
$2.66M
Range $2.39M – $2.92M · ±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
$182 / 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
$37,296
Tax year 2023
Assessed value
$2,768,204
Assessed 2023
Previous assessed
$1,827,348
+51.5% YoY
Effective rate
1.35%
On assessed value
Assessed improvement
$2,768,204
Improvement market value
$2,768,204
Total market value
$2,768,204
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1987
Construction
CONCRETE BLOCKS
Heating
NONE
Total area
14,628 SF
APN
12-43-46-20-51-002-0000
UPID
US18-0283382
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE BLOCKS
Heating
NONE
Current owner
From public records · entity-resolved
1364 Gwenzell Avenue LLC
Entity
Mailing address
1424 GWENZELL AVE, DELRAY BEACH, FL 33444-1267
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2006
$1,050,000
1364 Gwenzell Avenue LLC
Metsch,burton & Barbara
Grant Deed
$1,000,000 · Metsch Burton Trust (tr)
—
—
1364 Gwenzell Avenue LLC
—
Deed Of Trust
related
$1,017,800 · Bank Of America
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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