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Property profile & analytics
OFF-MARKET
Estimated value
$10,850,000
Commercial land
2515 Federal Hwy Delray Beach, FL 33483-6130
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0206149
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1960
Total area
3,163 SF
Lot
0.85 ac (36,917 SF)
Zoning code
GC
APN
12-43-46-04-08-000-0340
UPID
US18-0206149
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
$11.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.85M
Owner & transaction history
Ultra Luxury Townhomes LLC · 1 yrs held
Ultra Luxury Townhomes LLC
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
$11,820,000
ML approach
$11,580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.85M
Range $9.77M – $11.94M · ±10% · vs last sale $10.00M (Sep 14 2021)
Last sale anchor
$10.00M
Sep 14 2021
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
$3,430 / 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
$22,109
Tax year 2023
Assessed value
$1,162,823
Assessed 2023
Previous assessed
$1,107,450
+5.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$1,162,823
Land market value
$1,162,823
Total market value
$1,162,823
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
Off-Market
Year built
1960
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
3,163 SF
Lot
0.85 ac (36,917 SF)
Zoning code
GC
APN
12-43-46-04-08-000-0340
UPID
US18-0206149
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
1960
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Ultra Luxury Townhomes LLC
Entity
Mailing address
5850 CENTENNIAL CTR BLVD, LAS VEGAS, NV 89149-4570
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
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
Sep 14, 2021
$6,550,000
Palm Trail Luxury Homes LLC
Adooledoo LLC
Warranty Deed
—
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
—
Jan 24, 2006
$1,561,456
Paul Brent Dev Group LLC
Avon Lake Property LLC
Warranty Deed
—
Oct 19, 2005
$1,485,000
Avon Lake Property LLC
D & P Glazer Sports & Entertainm
Warranty Deed
—
Nov 3, 2000
$320,000
D P Glazer Sports
Rab Designs INC
Grant Deed
$257,895 · Bank Of America
Oct 28, 1999
$132,000
Richard A Brochu
Fidelity Federal Sav Bank Fl
Grant Deed
$132,000 · R A B Design INC
—
—
Jg Oneill INC
—
Deed Of Trust
related
$2,357,142 · Pauline A O'neill
—
—
D P Glazeer Sports
—
Deed Of Trust
related
$100,000 · 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.
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