Property profile

140 2nd Ave Delray Beach, FL 33444

OFF-MARKET
Retail space
Property ID
US19-0528586
7,182 SF 0.35 ac lot Built 1981
Entity Owned ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Spa & Massage Center
  • Hair Salon Skin Care Clinic
  • Medical Clinic Skin Care Clinic
  • Medical Clinic Skin Care Clinic
  • Hair Salon

Location

140 2nd Ave Delray Beach, FL 33444-3704
Delray Beach metro Census 6502 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.95M
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.29M
Blend (final) Blend
$8.67M

Owner & transaction history

since 2025
Last sale
$9.1M
7 recorded transactions
2025
$9.1M
2020
$625,000
2018
$6.1M
2017
Price N/A
2014
$3.0M
2003
Price N/A
2003
$1.2M

Zoning & alternative use

CBD · Delray Beach, FL
Zoning description

The Central Business District (CBD) is established to preserve and protect the cultural and historic aspects of downtown Delray Beach and simultaneously provide for the stimulation and enhancement of the vitality and eco…

General category COMMERCIAL
Top alternative use upside
Neighborhood: shopping center $6.5M +2.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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