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Property profile & analytics
FOR SALE
Auto shops
2400 N Federal Hwy Delray Beach, FL 33483
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2726803
For Sale
1 / 18
$7,000,000
2400 N Federal Hwy, Delray Beach, FL 33483
View Listing →
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1997
Construction
STEEL FRAME
Total area
2,160 SF
Lot
7.56 ac (329,531 SF)
Zoning code
AC
APN
12-43-46-28-73-002-0000
UPID
US18-2726803
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 Preowned Car Dealership
-
Badcock Home Furniture & More of Delray Beach Furniture & Home Goods Home Decor Store
-
Certified Service Dental Office
-
Collision Center of Delray Auto Repair Shop
-
Delray Buick GMC Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$513k
Blend (final)
Blend
$535k
Owner & transaction history
Federal 2400 LLC · 3 yrs held
Federal 2400 LLC
since 2022
7 recorded transactions
Zoning & alternative use
AC · 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
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$248 / 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
$267,068
Tax year 2023
Assessed value
$13,093,993
Assessed 2023
Previous assessed
$12,751,678
+2.7% YoY
Effective rate
2.04%
On assessed value
Assessed land
$7,332,109
Assessed improvement
$5,761,884
Land market value
$7,332,109
Improvement market value
$5,761,884
Total market value
$13,093,993
Applied tax rate
12,984.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Sale
Year built
1997
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
7
Stories
1
Total area
2,160 SF
Lot
7.56 ac (329,531 SF)
Zoning code
AC
APN
12-43-46-28-73-002-0000
UPID
US18-2726803
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
AC · Delray Beach, FL
Zoning AC · permitted uses
AC · 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
1997
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
7
Lot
7.56 ac
Current owner
From public records · entity-resolved
Federal 2400 LLC
Entity
Mailing address
2400 S FEDERAL HWY, DELRAY BEACH, FL 33483-3241
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2025
—
Garber Delray INC
—
Deed
related
$10,709,086 · Bank Of America NA
Sep 25, 2024
—
Federal 2400 LLC
—
Deed
related
$3,375,000 · Paradise Bank
Sep 21, 2022
$4,500,000
Federal 2400 LLC
Pbt INC
Warranty Deed
$3,375,000 · Mutualone Bank
Nov 17, 2020
—
Garber Delray INC
—
Deed
related
$36,700,000 · Wells Fargo Bk
Oct 23, 2013
$2,500,000
Garber Delray INC
Florida Mag Ents INC
Grant Deed
$2,125,000 · Bank Of America
Jan 3, 2013
$7,100,000
Garber Delray INC
Sheehan,sherwood H JR
Grant Deed
$7,100,000 · Bank Of America
Jul 9, 2011
—
Florida Mag Ents INC
—
Deed Of Trust
related
$5,465,571 · Bank Of America
Apr 1, 2011
$975,000
Florida Mag Ents INC
Howley Henry V
Grant Deed
—
Jul 1, 2003
$1,550,000
Henry V Est
Aiden INC
Quit Claim Deed
related
—
—
—
Sheehan,sherwood H JR
—
Loan Modification
related
$5,030,825 · Gmac Bk
—
—
Sheehan,sherwood H JR
—
Loan Modification
related
$4,527,000 · Gmac
—
—
Garber Delray INC
—
Loan Modification
related
$36,700,000 · Wells Fargo Bk
—
—
Sheehan,sherwood H JR
—
Deed Of Trust
related
$750,000 · Gmac
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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