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Property profile & analytics
OFF-MARKET
Estimated value
$1,665,000
Residential income homes
14830 Smith Sundy Rd Delray Beach, FL 33446-9624
Entity Owned
17-yr Hold
Absentee Owner
Property ID
US18-8224924
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1968
Construction
WOOD
Total area
1,134 SF
Lot
20.06 ac (873,901 SF)
Zoning code
TMD
APN
00-42-46-18-10-001-0000
UPID
US18-8224924
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
-
Boca Riding Club Horseback Riding Training Center Animal Training
-
Delray Equestrian Center Kennel & Boarding Facility Animal Training
-
Boca Riding Club Horseback Riding Lessons Training Center Animal Training
-
Four Gs Equestrian Training Center Animal Training
-
NSU Equestrian Team Kennel & Boarding Facility Animal Training
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.67M
Owner & transaction history
24 Farm Holdings LLC · 17 yrs held
24 Farm Holdings LLC
since 2009
7 recorded transactions
Zoning & alternative use
TMD · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.0M
+32.5%
Retail stores
$1.0M
+29.8%
Commercial (general)
$820,000
+5.6%
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
APARTMENT HOUSE (5+ UNITS)
$775,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,030,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$1,010,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$820,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$1.67M
Range $1.50M – $1.83M · ±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
$1,468 / 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
$19,351
Tax year 2023
Assessed value
$1,015,308
Assessed 2023
Previous assessed
$1,015,308
+0.0% YoY
Effective rate
1.91%
On assessed value
Land market value
$1,638,559
Improvement market value
$869,149
Total market value
$2,507,708
Applied tax rate
355.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1968
Construction
WOOD
Heating
FORCED AIR
Cooling
NONE
Buildings
9
Stories
1
Units
2
Bathrooms
2
Total area
1,134 SF
Lot
20.06 ac (873,901 SF)
Zoning code
TMD
APN
00-42-46-18-10-001-0000
UPID
US18-8224924
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
TMD · Delray Beach, FLZoning TMD · permitted uses
TMD · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$775,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
RETAIL STORES
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$820,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
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
1968
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
9
Units
2
Bathrooms
2
Lot
20.06 ac
Current owner
From public records · entity-resolved
24 Farm Holdings LLC
Entity
Mailing address
5801 CONGRESS AVE, BOCA RATON, FL 33487-3603
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2009
$1,200,000
24 Farm Holdings LLC
Triple C Groves LLP
Warranty Deed
related
—
Nov 14, 2008
—
Krg Of Atlantic Delray Beach LLC
Lake Worth Drainage District
Quit Claim Deed
related
—
Jul 27, 2006
—
Krg Of Atlantic Delray Beach L Lc
Ad Ocean Club Transfer LLC
Grant Deed
related
—
Nov 4, 2005
—
Atlantic Transfer LLC
Atlantic Tmd LLC
Quit Claim Deed
related
—
Jun 23, 2005
$1,750,000
Atlantic Tmd LLC
Triple C Groves LLP
Warranty Deed
—
—
—
24 Farm Holdings LLC
—
Loan Modification
related
$1,127,711 · Anchor Com'l Bk
—
—
24 Farm Holdings LLC
—
Loan Modification
related
$1,200,000 · Anchor Com'l Bk
—
—
24 Farm Holdings LLC
—
Loan Modification
related
$1,100,000 · Anchor Bk
—
—
Triple C Groves LLP
—
Loan Modification
related
$300,000 · Olmstead Properties LLC
—
—
Krg Of Atlantic Delray Beach LLC
—
Loan Modification
related
$62,000,000 · Bank Of America/il
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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