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Property profile & analytics
FOR SALE
Office Units
23 S Swinton Ave Delray Beach, FL 33444
Individually Owned
~
Est. High Equity
Property ID
US18-4207021
For Sale
1 / 7
$3,000,000
23 S Swinton Ave, Delray Beach, FL 33444
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Property summary
AI-generated overview
Located at 23 South Swinton Avenue in Delray Beach, Florida, this commercial property is positioned across from Sundy Village, a mixed-use development, at the eastern gateway to Downtown Delray. The area has experienced growth in retail, dining, residential, and office space. The location benefits from high walkability, consistent foot traffic, and proximity to Atlantic Avenue. The property is zoned OSSHAD and has a lot size of 0.15 acres. The living area is 792 square feet. Potential uses include commercial, free standing, office space, office/professional, and office/retail.
Property profile
Verified
Property type
Office Units
Use group
COMMERCIAL (GENERAL)
Year built
1937
Construction
WOOD
Total area
792 SF
Lot
0.15 ac (6,525 SF)
Zoning code
OSSHAD
APN
12-43-46-16-01-069-0100
UPID
US18-4207021
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
-
Metropolitan Multi Services/Zednek Law Firm
-
Jans Pool Supply (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
Right Choice 🇩umpster Rentals Waste Management Facility Hazardous Waste Disposal
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$755k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$738k
Blend (final)
Blend
$760k
Owner & transaction history
Geoffrey Morris
Geoffrey Morris
since 2025
Last sale
$787,500
4 recorded transactions
Zoning & alternative use
OSSHAD · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Old School Square Historic Arts District, OSSHAD is a mixed use district which is intended to provide for mixed uses of residential, office, and commercial activities, with an emphasis on the arts, that will encourage the restoration or preservation of historic structures and, yet, maintain and enhance the historic and pedestrian scale of the area
Zone name
Old School Square Historic Arts District
General category
MIXED_USE
Zone area
44.59 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$720,000
+42.0%
Retail stores
$705,000
+39.1%
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
$740,000
ML approach
$755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$505,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$720,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$705,000
Change: +39% · Conversion: Easy
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $788k (Jul 7 2025)
Last sale anchor
$788k
Jul 7 2025
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
$960 / 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
$14,699
Tax year 2023
Assessed value
$763,329
Assessed 2023
Previous assessed
$729,355
+4.7% YoY
Effective rate
1.93%
On assessed value
Assessed land
$685,125
Assessed improvement
$78,204
Land market value
$685,125
Improvement market value
$78,204
Total market value
$763,329
Applied tax rate
12,987.0000
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
Office Units
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1937
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
1
Total area
792 SF
Lot
0.15 ac (6,525 SF)
Zoning code
OSSHAD
APN
12-43-46-16-01-069-0100
UPID
US18-4207021
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
OSSHAD · Delray Beach, FLZoning OSSHAD · permitted uses
OSSHAD · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Old School Square Historic Arts District, OSSHAD is a mixed use district which is intended to provide for mixed uses of residential, office, and commercial activities, with an emphasis on the arts, that will encourage the restoration or preservation of historic structures and, yet, maintain and enhance the historic and pedestrian scale of the area
Zone name
Old School Square Historic Arts District
General category
MIXED_USE
Zone area
44.59 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$505,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$720,000
RETAIL STORES
Est. value
$705,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1937
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Geoffrey Morris
Individual
Mailing address
151 STATE RTE 33RD STE #251, MANALAPAN, NJ 07726-8369
Ownership since
2025
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
Oct 7, 2025
$787,500
Geoffrey Morris
Delray Equity Group LLC
Special Warranty Deed
$708,750 · Southstate Bank NA
Jul 16, 2021
$625,000
Delray Equity Group LLC
Alfred Celcis
Warranty Deed
$555,000 · Paradise Bank
Mar 24, 1998
$57,200
East Dixie Enterprizes INC
Yeary,michael A
Grant Deed
—
—
—
Alfred Celcis
—
Deed Of Trust
related
$250,000 · Washington Mutual Fsb
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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