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Property profile & analytics
FOR SALE
Warehouses
2512 N Federal Hwy Delray Beach, FL 33483
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-8908721
For Sale
1 / 14
$18,785,000
2512 N Federal Hwy, Delray Beach, FL 33483
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Construction
CONCRETE
Total area
141,758 SF
Lot
1.85 ac (80,599 SF)
Zoning code
GC
APN
12-43-46-04-08-000-0130
UPID
US18-8908721
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
-
Sound Recovery Solutions Medical Clinic
-
Tokyo Beauti Bar Hair Salon Nail Salon
-
CYCLEVOLUTION Bicycle Shop (Bike/Boat/Book/etc) Store
-
Snappy Turtle Outlets Clothing & Fashion Store
-
CubeSmart Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.32M
Blend (final)
Blend
$18.79M
Owner & transaction history
Cubesmart LP · 12 yrs held
Cubesmart LP
since 2014
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$18.79M
Range $16.91M – $20.66M · ±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
$133 / 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
$338,462
Tax year 2023
Assessed value
$19,107,725
Assessed 2023
Previous assessed
$19,107,725
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$1,412,301
Assessed improvement
$17,695,424
Land market value
$1,412,301
Improvement market value
$17,695,424
Total market value
$19,107,725
Applied tax rate
12,987.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Sale
Year built
2006
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Bathrooms
1
Total area
141,758 SF
Lot
1.85 ac (80,599 SF)
Zoning code
GC
APN
12-43-46-04-08-000-0130
UPID
US18-8908721
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
2006
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
4
Bathrooms
1
Lot
1.85 ac
Current owner
From public records · entity-resolved
Cubesmart LP
Entity
Mailing address
PO BOX 320099, ALEXANDRIA, VA 22320-4099
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2014
$15,000,000
Cubesmart LP
Storage Ptrs Of Delray East LLC
Grant Deed
—
Jul 17, 2008
$7,653,500
Storage Partners Of Delray East LLC
Delray Properties LLC
Special Warranty Deed
—
Jul 17, 2008
—
Storage Ptrs Of Delray East LLC
—
Deed Of Trust
related
$1,340,000 · Privatebank & Trust
Feb 3, 2005
—
Delray Properties LLC
—
Trustees Deed
related
$7,630,000 · Key Bank & Trust
Nov 18, 2004
—
Delray Properties LLC
Owner,record
Warranty Deed
related
—
Jan 22, 2004
$850,000
Delray Properties LLC
Tri-ed Properties
Grant Deed
—
Jul 30, 2001
$190,000
Tri-ed Properties INC
Guadagnino,frank
Grant Deed
—
—
—
Frank Guadagnino
—
Deed Of Trust
related
$20,000 · Individual
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?”
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