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    23 S Swinton Ave Delray Beach, FL 33444
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    Property profile & analytics

    23 S Swinton Ave Delray Beach, FL 33444

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    • Office Units
    • 792 SF
    • 0.15 lot acres
    For Sale
    $3,000,000
    View Listing →
    Delray Beach Retail/Office Building For Sale
    $3,000,000
    3,296 SF

    Delray Beach Retail/Office Building

    Retail/Office building in the heart of Delray Beach.

    23 S Swinton Avenue, Delray Beach, FL 33444
    View Listing
    Property ID
    US18-4207021
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 23 S Swinton Ave

    Year built
    1937
    Construction
    WOOD
    Lot size
    0.15 lot acres
    Property size
    792 SF
    Zone code
    OSSHAD
    Property type
    Office Units
    APN
    12-43-46-16-01-069-0100
    APU
    12434616010690100

    Property 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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $740,000
      ML approach
      $755,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $738,000
      Market price range: $268k - $738k

    • 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

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0728
    Latitude
    26.4606
    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
    $14,699
    $685,125
    $78,204
    $763,329
    -
    $685,125
    $78,204
    $763,329

    Comparable in this City

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    • Value Estimation by Request
      0.15 Acres

      1409 Gwenzell Ave

      INDUSTRIAL - VACANT LAND • 0.15 Acres
      1409 Gwenzell Ave, Delray Beach, FL 33444
      View Details
    • Value Estimation by Request
      0.16 Acres

      Atlantic Ave

      VACANT COMMERCIAL LAND • 0.16 Acres
      Atlantic Ave, Delray Beach, FL 33444
      View Details
    • Value Estimation by Request

      35 1st Ave

      VACANT COMMERCIAL LAND
      35 1st Ave, Delray Beach, FL 33444
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      35 1st Ave

      VACANT COMMERCIAL LAND
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      35 1st Ave

      VACANT COMMERCIAL LAND
      35 1st Ave, Delray Beach, FL 33444
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    Similar Nearby for Sale

    • Contact for pricing
      10,526 SF

      Downtown Delray Office/Retail Space

      Office/retail space in high-traffic Pineapple Grove, Downtown Delray.
      325 NE 2Nd Ave, Delray Beach, FL 33444
      View Details
    • Contact for pricing

      Delray Beach Freestanding Building

      Freestanding building in Delray Beach's Arts District, near Atlantic Avenue.
      367 Ne 3Rd Ave, Delray Beach, FL 33444
      View Details
    • $990,000

      Delray Beach Retail/Office Space

      Prime downtown Delray Beach commercial space near Atlantic Avenue.
      12 SE 1St Ave, Delray Beach, FL 33444
      View Details

    Similar Nearby for Lease

    • $6,000 /Mo

      Downtown Delray Office/Retail Space

      High-traffic office/retail space in Pineapple Grove, Downtown Delray.
      325 NE 2Nd Ave, Delray Beach, FL 33444
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      Delray Beach Commercial Spaces

      Flexible spaces in Delray Beach's vibrant Pineapple Grove Arts District.
      220 NE 1St St, Delray Beach, FL 33444
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      Prime Location Near East Atlantic

      Office space near dining and retail destinations.
      11 South Swinton Ave, Delray Beach, FL 33444
      View Details
    • $40 SF/Yr

      Delray Beach Office Space

      Spacious office space near Atlantic Avenue, available January 2026.
      102 NE 1St Ave, Delray Beach, FL 33444
      View Details
    • $70 SF/Yr

      Delray Arts District Retail Space

      Retail space in downtown Delray's vibrant arts district.
      1133 W Atlantic Ave, Delray Beach, FL 33444
      View Details
    View Listing
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    Delray Beach, FL 33444
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    23 S Swinton Ave, Delray Beach, FL, 33444
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