Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2410 N Federal Hwy Delray Beach, FL 33483
    Back to Search
    Property profile & analytics

    2410 N Federal Hwy, Delray Beach, FL 33483

    View on Map
    • Turn key restaurants
    • 3,694 SF
    • 1.61 lot acres
    For Sale
    $7,900,000
    View Listing →
    Delray Beach Mixed-Use Development Site For Sale
    $7,900,000
    1.71 Acres

    Delray Beach Mixed-Use Development Site

    1.71 acre mixed-use site with approved residential development plans.

    2410 N Federal Highway, Delray Beach, FL 33483
    View Listing
    Property ID
    US18-1426338
    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

    • Bees Knees Delray / Restaurant

    Property Details for 2410 N Federal Hwy

    Year built
    1970
    Construction
    WOOD
    Lot size
    1.61 lot acres
    Zone code
    GC
    Property type
    Turn key restaurants
    APN
    12-43-46-04-08-000-0090
    APU
    12434604080000090

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 24, 2024 — 2410 Federal LLC — Deed · related $3.8M · Paradise Bank
    Jul 20, 2022 $5,000,000 2410 Federal LLC Ellies 50 Diner INC Warranty Deed —
    — — Ellies 50s Diner INC — Deed Of Trust · related $350k · Suntrust Bank NA

    Description

    This exceptional 8,656 sq ft restaurant property at 2410 N Federal Highway, Delray Beach, FL 33483, is available for $8,100,000. Built in 1970, the vacant single-unit property sits on a 1.61-acre lot (lot size not precisely recorded) and offers a 6.00% cap rate. Currently zoned for restaurant use, the property presents a unique opportunity for various ventures. Reimagine it as a classic eatery, repurpose it for retail, or capitalize on its prime location and zoning to develop 18 luxury townhomes, as currently envisioned. The property boasts exceptional visibility and accessibility, situated on Federal Highway with prominent frontage on Old Dixie Highway, just 2 miles north of Atlantic Avenue. The NNN lease type and vacant occupancy provide flexibility for the new owner. This is a rare chance to acquire a significant property in a thriving Delray Beach location. The property's size and location make it an ideal investment for those seeking high-return potential and redevelopment opportunities. The existing structure offers a solid foundation for immediate use or a complete transformation. Don't miss this chance to own a piece of Delray Beach's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,795,000
      ML approach
      $5,000,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,930,000
      Market price range: $1.41M - $4.45M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,540,000
      NEIGHBORHOOD: SHOPPING CENTER
      $3,355,000
      RETAIL STORES
      $3,285,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0652
    Latitude
    26.488
    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
    $79,838
    $2,460,990
    $1,147,306
    $3,608,296
    -
    $2,460,990
    $1,147,306
    $3,608,296

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      206 3rd Ave

      RESTAURANT
      206 3rd Ave, Delray Beach, FL 33483
      View Details
    • Value Estimation
      $870,000
      4,473 SF

      253 5th Ave

      RESTAURANT
      253 5th Ave, Delray Beach, FL 33483-5206
      View Details
    • Value Estimation
      $1,725,000
      8,108 SF

      900 Atlantic Ave Ste, Unit 22

      RESTAURANT
      900 Atlantic Ave Ste, Delray Beach, FL 33483-6954
      View Details
    • Value Estimation
      $2,405,000
      11,851 SF

      40 Ocean Blvd

      RESTAURANT
      40 Ocean Blvd, Delray Beach, FL 33483-6932
      View Details
    • Value Estimation by Request
      1,640 SF

      2717 Federal Hwy

      RESTAURANT
      2717 Federal Hwy, Delray Beach, FL 33483-6126
      View Details
    • Value Estimation by Request
      2,484 SF

      1717 Federal Hwy

      RESTAURANT
      1717 Federal Hwy, Delray Beach, FL 33483-6036
      View Details

    Similar Nearby for Sale

    • $19,900,000
      8,108 SF

      Waterfront Restaurant Opportunity in Delray

      Direct intracoastal restaurant in booming East Delray Beach.
      900 East Atlantic Ave, Delray Beach, FL 33483
      View Details
    • $21,500,000

      Waterfront Restaurant Opportunity in Delray

      Direct intracoastal restaurant in booming East Delray Beach.
      900 E Atlantic Ave, Delray Beach, FL 33483
      View Details
    • Contact for pricing

      Commercial Building with On-Site Parking

      Freestanding commercial building with parking, near Atlantic Avenue.
      117 NE 5Th Ave, Delray Beach, FL 33483
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,683 SF

      Restaurant Endcap Space Available

      2,683 SF restaurant space for lease, ample parking.
      190 SE 5Th Ave, Delray Beach, FL 33483
      View Details
    • Contact for pricing

      Downtown Delray Beach Restaurant Space

      Restaurant space in downtown Delray Beach, steps from Atlantic Avenue.
      85 Se 6Th Ave, Delray Beach, FL 33483
      View Details
    • Contact for pricing

      Delray Beach Retail Space Available

      Retail spaces available in Delray Beach, Florida.
      55 NE 5Th Ave, Delray Beach, FL 33483
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail space available for lease in Delray Beach, FL.
      105-2512 N Federal Hwy, Delray Beach, FL 33483
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space in Delray Beach

      3,500 SF retail space available for lease.
      1110-1120 S Federal Hwy, Delray Beach, FL 33483
      View Details
    • Contact for pricing
      3,264 SF

      Retail Space in Delray Beach

      Retail property in a high-traffic Delray Beach location.
      6642-6580 Atlantic Ave, Delray Beach, FL 33483
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2410 N Federal Hwy
    Delray Beach, FL 33483
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2410 N Federal Hwy, Delray Beach, FL, 33483
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!