223 NE 5Th Ave Delray Beach, FL 33483
Property Lookup
Property profile & analytics
223 NE 5Th Ave Delray Beach, FL 33483
- Office buildings
- 4,050 SF
- 0.37 lot acres
Property ID
US18-2450782
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Tower MSA Partners / Law Firm
- Southshore Builders / Construction Company / General Contractor
- Suncoast Home Solutions / Plumbing Service / General Contractor
- Delray Beach Mold dremoval Capital / Hardware & Home Improvement / Construction Company
- The Cerberus Group / Marketing & Advertising
Property Details for 223 NE 5Th Ave
- Year built
- 1984
- Construction
- WOOD
- Lot size
- 0.37 lot acres
- Property size
- 4,050 SF
- Zone code
- CBD
- Property type
- Office buildings
- APN
- 12-43-46-16-01-106-0070
- APU
- 12434616011060070
Description
This exceptional office space, located at 223 NE 5th Ave in Delray Beach, Florida, presents a fantastic opportunity for businesses seeking a vibrant and convenient location. The property, a single-story Class C building constructed in 1984, offers multiple tenancy options within a total of 3600 square feet. Individual suites range from a minimum of 1,200 square feet to a maximum contiguous space of 2,400 square feet, providing flexibility for various business needs. The building sits on a 0.38-acre lot in the heart of downtown Delray Beach, a thriving urban center in South Florida. The office space itself features a mostly open floor plan, ideal for collaborative work environments, complemented by private offices for focused work and two restrooms for convenience. Ample on-site parking is available, ensuring easy access for employees and clients. This recently renovated space is situated just two blocks north of Atlantic Avenue, offering exceptional visibility and proximity to the area's bustling commercial activity. The property's location on Federal Highway provides excellent accessibility and high visibility. This is an outstanding opportunity to establish a presence in one of South Florida's most dynamic and sought-after urban markets. The property is located in Palm Beach County, Florida, zip code 33483.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,910,000
- 6.5%
- $1,760,000
- 7%
- $1,635,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,039,000
Market price range: $442k - $1.26M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,905,000 Current use
- AUTO REPAIR, GARAGE
- $2,000,000 Change: +5% Conversion: Difficult
- MEDICAL BUILDING
- $1,595,000 Change: -16% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Delray Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0679
- Latitude
- 26.4659
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$31,756
$1,353,401
$376,965
$1,730,366
-
$1,353,401
$376,965
$1,730,366
