Technical
Financial
Distress signals
Property profile

1878 Dr Andres Way Delray Beach, FL 33445

OFF-MARKET
Showrooms
Property ID
US18-2595102
15,650 SF 3.91 ac lot Built 1981
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1981
Construction CONCRETE
Total area 15,650 SF
Lot 3.91 ac (170,433 SF)
Zoning code MROC
APN 12-43-46-18-16-000-0020
UPID US18-2595102

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Professional Services
  • Business Service Center Corporate Office
  • Auto Repair Shop
  • Hardware & Home Improvement Interior Design

Location

1878 Dr Andres Way Delray Beach, FL 33445-4698
Delray Beach metro Census 6907 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.59M
Blend (final) Blend
$8.85M

Owner & transaction history

since 2019
7 recorded transactions
2022
Price N/A
2020
Price N/A
2019
$5.5M
2018
Price N/A
2017
$4.0M
2017
Price N/A
2015
Price N/A

Zoning & alternative use

MROC · Delray Beach, FL
Zoning description

The MROC District regulations provide for a transit-supportive, pedestrian-friendly mix of residential, office, and commercial uses in a master-planned environment

General category MIXED_USE
Top alternative use upside
Neighborhood: shopping center $14.2M +8.0%
Retail stores $13.9M +5.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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