Back to Search
Property profile & analytics
FOR SALE
Commercial land
246 NE 6Th Ave Delray Beach, FL 33483
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-4560775
For Sale
1 / 9
Contact for pricing
246 NE 6Th Ave, Delray Beach, FL 33483
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1953
Construction
WOOD FRAME
Total area
648 SF
Lot
0.18 ac (7,958 SF)
Zoning code
CBD
APN
12-43-46-16-01-106-0160
UPID
US18-4560775
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
-
Amaira Med Spa & Surgical - Delray Beach Spa & Massage Center Alternative Medicine Practice
-
The Aria at Delray Beach Condominium Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
246 Delray Management LLC · 6 yrs held
246 Delray Management LLC
since 2019
7 recorded transactions
Zoning & alternative use
CBD · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Central Business District (CBD) is established to preserve and protect the cultural and historic aspects of downtown Delray Beach and simultaneously provide for the stimulation and enhancement of the vitality and economic growth of this special area. The CBD is comprised of five sub-districts, each with regulations to support their distinctive characteri…
Zone name
Central Business District
General category
COMMERCIAL
Zone area
229.25 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$18,344
Tax year 2023
Assessed value
$1,003,221
Assessed 2023
Previous assessed
$955,490
+5.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$1,002,582
Assessed improvement
$639
Land market value
$1,002,582
Improvement market value
$639
Total market value
$1,003,221
Applied tax rate
88,987.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1953
Construction
WOOD FRAME
Heating
NONE
Stories
1
Total area
648 SF
Lot
0.18 ac (7,958 SF)
Zoning code
CBD
APN
12-43-46-16-01-106-0160
UPID
US18-4560775
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CBD · Delray Beach, FLZoning CBD · permitted uses
CBD · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Central Business District (CBD) is established to preserve and protect the cultural and historic aspects of downtown Delray Beach and simultaneously provide for the stimulation and enhancement of the vitality and economic growth of this special area. The CBD is comprised of five sub-districts, each with regulations to support their distinctive characteristics. The CBD is compatible with land areas designated as Commercial Core on the Land Use Map
Zone name
Central Business District
General category
COMMERCIAL
Zone area
229.25 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1953
Construction
WOOD FRAME
Heating
NONE
Stories
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
246 Delray Management LLC
Entity
Mailing address
125 PEMBROKE DR, PALM BEACH GARDENS, FL 33418-4611
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2019
$403,000
246 Delray Management LLC
Gore LLC
Quit Claim Deed
related
$2,805,000 · Quanta Fin LLC
Aug 13, 2015
$275,000
Gore LLC
Delray Investments Ptrs LLC
Grant Deed
$100,000 · Sw Partners LLC
Apr 2, 2013
—
Delray Investment Partners LLC
210 Ne 6 Ave Corp
Grant Deed
—
Jul 14, 2004
—
210 Ne 6 Ave Corp
Peters,douglas
Quit Claim Deed
related
—
Jul 14, 2004
$490,000
210 Ne 6 Ave Corp
Peters,linda
Warranty Deed
$1,250,000 · Palm Beach County Bank
—
—
Gore LLC
—
Loan Modification
related
$50,000 · Sw Partners LLC
—
—
Gore LLC
—
Loan Modification
related
$50,000 · Sw Partners LLC
—
—
Gore LLC
—
Loan Modification
related
$250,000 · Sw Partners LLC
—
—
Gore LLC
—
Deed Of Trust
related
$400,000 · Center Street Lndg
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
