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Property profile & analytics
FOR LEASE
High-rise multifamily apartments
190 SE 5Th Ave, Delray Beach, FL 33483
Individually Owned
12-yr Hold
Free & Clear
Property ID
US18-7921500
For Lease
1 / 2
$17,105,000
190 SE 5Th Ave, Delray Beach, FL 33483
View Listing →
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2017
Construction
STEEL FRAME
Total area
85,187 SF
Lot
2.1 ac (91,297 SF)
Zoning code
CBD
APN
12-43-46-16-N3-001-0000
UPID
US18-7921500
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
-
Delray Home Prep Property Management Company
-
Methodology Marketing Marketing & Advertising
-
Delray Beach Stuff Marketing & Advertising
-
Chewy's Paws Pet Grooming Service
-
Delray Bikes | Downtown Bike Rental Delivery Cycling Facility (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.16M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.11M
Owner & transaction history
Monogram Residl Delray II Pro · 12 yrs held
Monogram Residl Delray II Pro
since 2013
5 recorded transactions
Zoning & alternative use
CBD · 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%
$21,835,000
6.5%
$20,155,000
7%
$18,715,000
Blend value · Realmo final
$17.11M
Range $15.39M – $18.82M · ±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
$201 / 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
$1,143,059
Tax year 2023
Assessed value
$59,059,925
Assessed 2023
Previous assessed
$54,457,438
+8.5% YoY
Effective rate
1.94%
On assessed value
Assessed land
$6,190,400
Assessed improvement
$52,869,525
Land market value
$6,190,400
Improvement market value
$52,869,525
Total market value
$59,059,925
Applied tax rate
88,987.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
For Lease
Year built
2017
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
5
Units
146
Total area
85,187 SF
Lot
2.1 ac (91,297 SF)
Zoning code
CBD
APN
12-43-46-16-N3-001-0000
UPID
US18-7921500
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CBD · Delray Beach, FL
Zoning CBD · permitted uses
CBD · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Delray Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2017
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
5
Buildings
2
Units
146
Lot
2.1 ac
Current owner
From public records · entity-resolved
Monogram Residl Delray II Pro
Individual
Free & Clear · 12 yrs held
Mailing address
15601 DALLAS PKWY STE #600, ADDISON, TX 75001-6026
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2013
$600,000
Monogram Residl Delray II Pro
Mcgloin,richard A
Grant Deed
—
Dec 30, 2013
$721,075
Monogram Residl Delray II Pro
Ut Delray LLC
Grant Deed
—
Jul 5, 2013
$600,000
Ut Delray LLC
Fulcra Federal Highway LLC
Grant Deed
—
—
—
Monogram Residl Delray II Pro
—
Deed Of Trust
related
$1,000,000 · Monogram Resid'l Addison Circl
—
—
Monogram Residl Delray II Pro
—
Loan Modification
related
$24,424,000 · Bank Of Tx
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
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