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Property profile & analytics
OFF-MARKET
Estimated value
$4,480,000
Medical Office Space
16215 Jog Rd Delray Beach, FL 33446-2386
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-7776764
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2022
Construction
CONCRETE
Total area
23,295 SF
Lot
1.5 ac (65,305 SF)
Zoning code
IPF
APN
00-42-46-27-00-000-3160
UPID
US18-7776764
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
-
Erica Podolsky, MD Physician
-
Delray Beach Locksmith Locksmith
-
Palm Beach Surgical Physician
-
Ralph Breslaw, MD FACS Physician
-
Joseph Ricotta, MD, MS, DFSVS, FACS Physician Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.72M
Comparable Approach
Comparable
$3.10M
Blend (final)
Blend
$4.48M
Owner & transaction history
Azure Jog Road LLC · 9 yrs held
Azure Jog Road LLC
since 2017
3 recorded transactions
Zoning & alternative use
IPF · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$5,115,000
6.5%
$4,720,000
7%
$4,385,000
Blend value · Realmo final
$4.48M
Range $4.03M – $4.93M · ±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
$192 / 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
$135,441
Tax year 2023
Assessed value
$7,929,221
Assessed 2023
Previous assessed
$824,802
+861.3% YoY
Effective rate
1.71%
On assessed value
Assessed land
$1,632,625
Assessed improvement
$6,296,596
Land market value
$1,632,625
Improvement market value
$6,296,596
Total market value
$7,929,221
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2022
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
23,295 SF
Lot
1.5 ac (65,305 SF)
Zoning code
IPF
APN
00-42-46-27-00-000-3160
UPID
US18-7776764
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IPF · Delray Beach, FLZoning IPF · permitted uses
IPF · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2022
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.5 ac
Current owner
From public records · entity-resolved
Azure Jog Road LLC
Entity
Free & Clear · 9 yrs held
Mailing address
290 SE 6TH AVE STE #5, DELRAY BEACH, FL 33483-5201
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2017
$841,050
Azure Jog Road LLC
Jog Road Land LLC
Grant Deed
—
Jun 10, 2014
$500,000
Jog Road Land LLC
Land Holding
Grant Deed
—
Apr 30, 2007
$1,900,000
Jog Medical LLC
Temple Medical LLC
Warranty Deed
$1,425,000 · National City 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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