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Property profile & analytics
OFF-MARKET
Estimated value
$3,550,000
Retail space
202 6th Ave Delray Beach, FL 33483-5515
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3088261
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1936
Construction
WOOD
Total area
1,187 SF
Lot
0.36 ac (15,773 SF)
Zoning code
CBD
APN
12-43-46-16-01-106-0190
UPID
US18-3088261
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
-
Smoke Inn Delray Beach (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.55M
Owner & transaction history
Downtown Sixth Avenue LLC · 3 yrs held
Downtown Sixth Avenue LLC
since 2023
Last sale
$3.7M
7 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
$3,255,000
ML approach
$3,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.55M
Range $3.20M – $3.91M · ±10% · vs last sale $3.65M (Mar 9 2023)
Last sale anchor
$3.65M
Mar 9 2023
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
$2,991 / 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
$57,121
Tax year 2023
Assessed value
$2,785,207
Assessed 2023
Previous assessed
$1,446,610
+92.5% YoY
Effective rate
2.05%
On assessed value
Assessed land
$2,602,875
Assessed improvement
$182,332
Land market value
$2,602,875
Improvement market value
$182,332
Total market value
$2,785,207
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1936
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
1,187 SF
Lot
0.36 ac (15,773 SF)
Zoning code
CBD
APN
12-43-46-16-01-106-0190
UPID
US18-3088261
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
1936
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Downtown Sixth Avenue LLC
Entity
Mailing address
621 NW 53RD ST STE #270, BOCA RATON, FL 33487-8281
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2023
$3,650,000
Downtown Sixth Avenue LLC
Bcm Del Ray Partners LLC
Special Warranty Deed
$2,000,000 · New Wave Loans Residential LLC
Apr 27, 2022
$2,600,000
Bcm Del Ray Partners LLC
202 Ne 6th Avenue LLC
Special Warranty Deed
$2,080,000 · Pokket Investment LLC
Jan 7, 2021
$1,430,000
202 Ne 6th Avenue LLC
Dolphin Bay Developers INC
Warranty Deed
$1,200,000 · Selo Mgmt INC
Dec 22, 1999
$160,000
Dolphin Bay Developers INC
Buck Trust
Grant Deed
$128,000 · Seller
—
—
Dolphin Dolphin Bay Developers
—
Deed Of Trust
related
$1,550,000 · James A Gillis
—
—
Dolphin Bay Developers INC
—
Deed Of Trust
related
$400,000 · Landmark Bk
—
—
Dolphin Bay Developers INC
—
Deed Of Trust
related
$200,000 · James A Gillis
—
—
Dolphin Bay Developers INC
—
Deed Of Trust
related
$300,000 · Union Planters National Bank
—
—
Dolphin Dolphin Bay Developers
—
Deed Of Trust
related
$800,000 · James A Gillis
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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