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Property profile & analytics
FOR SALE
Commercial land
2419 N Federal Hwy Delray Beach, FL 33483
Individually Owned
Free & Clear
Property ID
US18-0184432
For Sale
1 / 13
$24,500,000
2419 N Federal Hwy, Delray Beach, FL 33483
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1951
Total area
1,116 SF
Lot
0.19 ac (8,468 SF)
Zoning code
GC
APN
12-43-46-04-08-000-0351
UPID
US18-0184432
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.68M
Owner & transaction history
James Soderberg
James Soderberg
since 2025
Last sale
$10.0M
7 recorded transactions
Zoning & alternative use
GC · 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
$9,590,000
ML approach
$9,120,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.68M
Range $8.71M – $10.64M · ±10% · vs last sale $10.00M (Jan 4 2022)
Last sale anchor
$10.00M
Jan 4 2022
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
$8,669 / 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
$5,079
Tax year 2023
Assessed value
$266,805
Assessed 2023
Previous assessed
$254,100
+5.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$266,805
Land market value
$266,805
Total market value
$266,805
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1951
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
1,116 SF
Lot
0.19 ac (8,468 SF)
Zoning code
GC
APN
12-43-46-04-08-000-0351
UPID
US18-0184432
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
GC · Delray Beach, FL
Zoning GC · permitted uses
GC · 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
1951
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
James Soderberg
Individual
Free & Clear · 0 yrs held
Mailing address
5850 CENTENNIAL CTR BLVD, LAS VEGAS, NV 89149-4570
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2026
—
Ultra Luxury Townhomes LLC
—
Deed
related
$8,000,000 · New Wave Loans Residential LLC
Dec 23, 2025
$1,300,000
James Soderberg
Monica Kaysen
Warranty Deed
—
Jun 30, 2025
—
Ultra Luxury Townhomes LLC
Abc Js Auto Imports II LLC
Deed
related
—
Apr 7, 2025
—
Ultra Luxury Townhomes LLC
—
Deed
related
$4,000,000 · Joseph E White
Mar 25, 2025
$15,000,000
Ultra Luxury Townhomes LLC
Abc Js Auto Imports II LLC
Special Warranty Deed
$7,000,000 · Abc Bank
Jan 4, 2022
$10,000,000
Abc Js Auto Imports II LLC
Palm Trail Luxury Homes LLC
Warranty Deed
$8,000,000 · Comerica Bank
Sep 14, 2021
$6,550,000
Palm Trail Luxury Homes LLC
Adooledoo LLC
Warranty Deed
$4,500,000 · Barry Schnittman
Feb 2, 2016
$3,650,000
Adoodledoo LLC
Jg Oneill INC
Warranty Deed
—
Jun 23, 2011
$1,450,000
J G Oneill INC
Fl-pb Park Place LLC
Grant Deed
—
Oct 8, 2009
—
Fl-pb Park Place LLC
Paul Brent Dev Group L Coc
Trustees Deed
related
—
Feb 6, 2006
$1,390,000
Paul Brent Dev Group LLC
Turner Outdoor Equipment INC
Warranty Deed
—
—
—
Jg Oneill INC
—
Deed Of Trust
related
$2,357,142 · Pauline A O'neill
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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