14189 Smith Sundy Rd Delray Beach, FL 33446-9609
Individually Owned
Absentee Owner
Free & Clear
Estimated value (blended)
$370k
Range $333k – $407k (±10%)
Implied cap rate
9.30%
In-place · NOI ÷ last sale
Property ID
US18-2721142
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1985
Construction
STEEL FRAME
Total area
2,000 SF
Lot
4.62 ac (201,247 SF)
Zoning code
AGR
APN
00-42-46-18-01-000-0240
UPID
US18-2721142
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$370k
CAP Approach
CAP
$530k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$370k
Owner & transaction history
Zoning & alternative use
AGR · Delray Beach, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$370k
Value range
$333k – $407k
±10% around blend
Estimated value / SF
$185 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
50
$333k
blend $370k
$407k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,000 SF
Lot area
4.62 ac
Year built
1985
Stories
1
APN
00-42-46-18-01-000-0240
Assessed value
$608,517
Annual tax
$10,633
3
Income approach: direct capitalization
Partial preview
Income approach indication
$530k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$575k
@ 6.5% CAP return
$530k
@ 7% CAP return
$495k
4
Sales comparison
Partial preview
Sales approach indication
$1.52M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.5 mi away · 1,928 SF
7.5 mi away · 1,464 SF
7.6 mi away · 2,000 SF
8.0 mi away · 1,913 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$370k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 102 sales
$724
-74%
County 866 sales
$470
-61%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $185/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
Implied cap rate
9.30%
Implied, in-place cap rate for this showrooms
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.30%
9.0%
NOI (est.)
$43k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$458k
Move the market yield to see immediate price impact.
Value / SF
$229
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.80%9.30%9.80%
$38k
$436k
$412k
$391k
$43k
$484k
$458k
$435k
$47k
$532k
$504k
$478k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$1.40M
7.0 mi · Sep 2025 · $565/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,633
Tax year 2023
Assessed value
$608,517
Assessed 2023
Previous assessed
$1,194,438
-49.1% YoY
Effective rate
1.75%
On assessed value
Assessed land
$461,245
Assessed improvement
$147,272
Land market value
$1,062,600
Improvement market value
$147,272
Total market value
$1,209,872
Applied tax rate
355.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
2,000 SF
Lot
4.62 ac (201,247 SF)
Zoning code
AGR
APN
00-42-46-18-01-000-0240
UPID
US18-2721142
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
AGR · Delray Beach, FLZoning AGR · permitted uses
AGR · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1985
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
4.62 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
AGR
Jurisdiction
Delray Beach, FL
Recorded code
AGR
Ownership Intelligence
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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