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Property profile & analytics
FOR LEASE
Strip malls
16850 S Jog Rd Delray Beach, FL 33446
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-5500891
For Lease
1 / 2
Contact for pricing
16850 S Jog Rd, Delray Beach, FL 33446
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Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Construction
CONCRETE
Total area
24,175 SF
Lot
2.96 ac (129,151 SF)
Zoning code
MUPD
APN
00-42-46-27-23-001-0010
UPID
US18-5500891
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
-
Bagel Boss Cafe & Coffee Shop
-
Hair by Scott & Co Hair Salon
-
Shoes 'N' More Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Starbucks Cafe & Coffee Shop
-
Wish & Shoes Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.96M
Owner & transaction history
Scc Addison Place LLC · 5 yrs held
Scc Addison Place LLC
since 2021
Last sale
$18.0M
4 recorded transactions
Zoning & alternative use
MUPD · 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
$21,280,000
ML approach
$10,735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$21,955,000
Current use
RETAIL STORES
$21,505,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$16.96M
Range $15.26M – $18.66M · ±10% · vs last sale $18.00M (May 18 2021)
Last sale anchor
$18.00M
May 18 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
$702 / 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
$210,719
Tax year 2023
Assessed value
$11,953,375
Assessed 2023
Previous assessed
$11,470,630
+4.2% YoY
Effective rate
1.76%
On assessed value
Assessed land
$6,102,290
Assessed improvement
$5,851,085
Land market value
$6,102,290
Improvement market value
$5,851,085
Total market value
$11,953,375
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2000
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
24,175 SF
Lot
2.96 ac (129,151 SF)
Zoning code
MUPD
APN
00-42-46-27-23-001-0010
UPID
US18-5500891
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MUPD · Delray Beach, FLZoning MUPD · permitted uses
MUPD · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$22.0M
RETAIL STORES
Est. value
$21.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
2000
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.96 ac
Current owner
From public records · entity-resolved
Scc Addison Place LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3300 ENTERPRISE PKWY, CLEVELAND, OH 44122-7200
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
May 18, 2021
$18,000,000
Scc Addison Place LLC
Jennah Blossom LLC
Special Warranty Deed
—
Dec 26, 2018
—
Jennah Blossom LLC
—
Deed
related
$10,500,000 · Miscellaneous Ins Co
—
—
Jennah Blossom LLC
—
Deed Of Trust
related
$10,500,000 · Miscellaneous Ins Co
—
—
Jennah Blossom LLC
—
Loan Modification
related
$3,231,924 · Miscellaneous Ins Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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