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Property profile & analytics
OFF-MARKET
Estimated value
$8,970,000
Retail space
140 2nd Ave Delray Beach, FL 33444-3704
Entity Owned
~
Est. High Equity
Property ID
US19-0528586
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Construction
CONCRETE
Total area
7,182 SF
Lot
0.35 ac (15,150 SF)
Zoning code
CBD
APN
12-43-46-16-01-075-0120
UPID
US19-0528586
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
-
Delray Day Spa Spa & Massage Center
-
Confidence Lab Electrology Hair Salon Skin Care Clinic
-
Micropigmentation Experts LLC Medical Clinic Skin Care Clinic
-
Advanced Skincare Studio Medical Clinic Skin Care Clinic
-
Pizarro Hair Restoration Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.29M
Blend (final)
Blend
$8.97M
Owner & transaction history
140 Pineapple Grove LLC
140 Pineapple Grove LLC
since 2025
Last sale
$9.1M
7 recorded transactions
Zoning & alternative use
CBD · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.5M
+2.1%
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
$8,670,000
ML approach
$8,950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,390,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,520,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$8.97M
Range $8.07M – $9.87M · ±10% · vs last sale $9.13M (Jul 6 2025)
Last sale anchor
$9.13M
Jul 6 2025
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
$1,249 / 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
$109,515
Tax year 2023
Assessed value
$5,388,053
Assessed 2023
Previous assessed
$5,114,169
+5.4% YoY
Effective rate
2.03%
On assessed value
Assessed land
$3,181,500
Assessed improvement
$2,206,553
Land market value
$3,181,500
Improvement market value
$2,206,553
Total market value
$5,388,053
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
1981
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
7,182 SF
Lot
0.35 ac (15,150 SF)
Zoning code
CBD
APN
12-43-46-16-01-075-0120
UPID
US19-0528586
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
RETAIL STORES Current
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.5M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1981
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.35 ac
Current owner
From public records · entity-resolved
140 Pineapple Grove LLC
Entity
Mailing address
101 CENTRAL PARK W LBBY 1F, NEW YORK, NY 10023-4250
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2025
$9,130,000
140 Pineapple Grove LLC
140 Ne 2nd Ave LLC
Special Warranty Deed
—
Dec 31, 2020
$625,000
140 Ne 2nd Ave LLC
140 North East LLC
Grant Deed
—
Dec 5, 2018
$6,100,000
140 North East LLC
Acm Enterprises INC
Warranty Deed
$3,965,000 · Valley National Bank
Oct 4, 2017
—
Acm Enterprises Incorporated
—
Deed
related
$3,600,000 · American Nation Bank
Jun 20, 2014
$3,000,000
Acm Enterprises Incorporated
Pineapple Grove Partners LLC
Warranty Deed
$3,295,000 · Stearns Bank NA
Sep 30, 2003
—
Pineapple Grove Partners LLC
Showcase Realty & Contracting
Grant Deed
related
—
Jun 12, 2003
$1,200,000
Realty Showcase
Mds INC
Grant Deed
—
—
—
Pineapple Grove Partners LLC
—
Deed Of Trust
related
$900,000 · First Southern Bank
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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