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Property profile & analytics
FOR SALE
Grocery and convenience stores
16000 Military Trl Delray Beach, FL 33484-6506
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-3795044
For Sale
1 / 2
Contact for pricing
16000 Military Trl, Delray Beach, FL 33484-6506
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2021
Construction
CONCRETE
Total area
2,531 SF
Lot
0.88 ac (38,215 SF)
Zoning code
PC
APN
12-42-46-25-10-003-0000
UPID
US18-3795044
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
-
Western Union Bank Credit Union
-
Mira's Air CO Hardware & Home Improvement HVAC Service
-
P.S.R Maintence Co Corporate Office Business Park
-
7-Eleven Grocery & Convenience Store
-
Mobil Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.97M
Owner & transaction history
1524 1st Avenue Realty Co LLC · 4 yrs held
1524 1st Avenue Realty Co LLC
since 2021
Last sale
$7.6M
4 recorded transactions
Zoning & alternative use
PC · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Planned Commercial (PC) District provides for the establishment of retail, office, and other commercial activities on large sites in a well-planned, functional, and aesthetically pleasing manner; residential is allowed on a limited basis to preserve the generally non-residential character of the PC district. The PC District shall be applied to properties…
Zone name
Planned Commercial
General category
COMMERCIAL
Zone area
326.61 ac
Source
Realmo
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
$8,965,000
ML approach
$8,825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.97M
Range $8.07M – $9.86M · ±10% · vs last sale $7.59M (Dec 28 2021)
Last sale anchor
$7.59M
Dec 28 2021
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
$3,542 / 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
$56,950
Tax year 2023
Assessed value
$2,814,343
Assessed 2023
Previous assessed
$2,737,503
+2.8% YoY
Effective rate
2.02%
On assessed value
Assessed land
$1,845,833
Assessed improvement
$968,510
Land market value
$1,845,833
Improvement market value
$968,510
Total market value
$2,814,343
Applied tax rate
12,984.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
For Sale
Year built
2021
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
4
Total area
2,531 SF
Lot
0.88 ac (38,215 SF)
Zoning code
PC
APN
12-42-46-25-10-003-0000
UPID
US18-3795044
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PC · Delray Beach, FLZoning PC · permitted uses
PC · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Planned Commercial (PC) District provides for the establishment of retail, office, and other commercial activities on large sites in a well-planned, functional, and aesthetically pleasing manner; residential is allowed on a limited basis to preserve the generally non-residential character of the PC district. The PC District shall be applied to properties designated as General Commercial on the Land Use Map where the unified development is, or will be, in excess of five acres; or when it is appropriate to preserve the character of certain specialty retail and office centers; or to ensure that certain high visibility areas are attractively developed
Zone name
Planned Commercial
General category
COMMERCIAL
Zone area
326.61 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2021
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
4
Lot
0.88 ac
Current owner
From public records · entity-resolved
1524 1st Avenue Realty Co LLC
Entity
Free & Clear · 4 yrs held
Mailing address
318 E 80TH ST, NEW YORK, NY 10075-0914
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2021
$7,585,000
1524 1st Avenue Realty Co LLC
34798 Delray Beach Fl LLC
Special Warranty Deed
—
Jan 12, 2021
$2,049,088
34798 Delray Beach Fl LLC
7 Eleven INC
Special Warranty Deed
$4,247,700 · Centennial Bank
Jan 4, 2013
$2,030,000
Everglades Petroleum LLC
7-eleven INC
Grant Deed
—
May 7, 2011
$1,924,408
7-eleven INC
Exxonmobil Oil Corp
Grant Deed
—
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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