Entity Owned
No photos on file
For Sale
Contact for pricing
258 SE 6Th Ave, Delray Beach, FL 33483
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Property summary
AI-generated overview
The property is a commercial office building located on Federal Hwy in Downtown Delray Beach, two blocks south of Atlantic Avenue. The building includes office space on both the first and second floors, including a second-floor suite of approximately 1,092 square feet with a mostly open floor plan and two private offices. It also includes a first-floor office suite (Suite 3) with approximately 1,600 square feet of space designed for office use.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1946
Construction
WOOD
Total area
10,016 SF
Lot
0.58 ac (25,108 SF)
Zoning code
CBD
APN
12-43-46-16-01-111-0250
UPID
US18-4019939
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Medical Clinic
-
Alternative Medicine Practice Spa & Massage Center
-
Physician
-
Real Estate Agency
-
Law Firm
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.42M
CAP Approach
CAP
$4.36M
Comparable Approach
Comparable
$3.75M
Blend (final)
Blend
$3.46M
Owner & transaction history
since 2023
Last sale
$3.9M
3 recorded transactions
Zoning & alternative use
CBD · Delray Beach, FL
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 eco…
General category
COMMERCIAL
Top alternative use upside
Auto repair, garage
$4.9M
+4.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.46M
Value range
$3.11M – $3.80M
±10% around blend
Estimated value / SF
$345 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
50
$3.11M
blend $3.46M
$3.80M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,016 SF
Lot area
0.58 ac
Year built
1946
Stories
2
APN
12-43-46-16-01-111-0250
Zoning
CBD
Assessed value
$2,868,057
Annual tax
$56,332
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.36M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.72M
@ 6.5% CAP return
$4.36M
@ 7% CAP return
$4.05M
4
Sales comparison
Partial preview
Sales approach indication
$4.11M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
15.6 mi away · 8,265 SF
20.3 mi away · 11,664 SF
22.1 mi away · 8,551 SF
24.6 mi away · 12,672 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.46M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 50 sales
$471
-27%
County 950 sales
$397
-13%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $345/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+5%
vs current-use indication
Office Building · current use
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
8.20%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.20%
9.0%
NOI (est.)
$271k *
Last sale · Sep 2023
$3.88M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.31M
Move the market yield to see immediate price impact.
Value / SF
$330
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.70%8.20%8.70%
$244k
$3.17M
$2.98M
$2.81M
$271k
$3.52M
$3.31M
$3.12M
$298k
$3.88M
$3.64M
$3.43M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$5.75M
9.6 mi · Jan 2026 · $507/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$56,332
Tax year 2023
Assessed value
$2,868,057
Assessed 2023
Previous assessed
$2,711,785
+5.8% YoY
Effective rate
1.96%
On assessed value
Assessed land
$2,135,520
Assessed improvement
$732,537
Land market value
$2,135,520
Improvement market value
$732,537
Total market value
$2,868,057
Applied tax rate
88,987.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Sale
Year built
1946
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
10,016 SF
Lot
0.58 ac (25,108 SF)
Zoning code
CBD
APN
12-43-46-16-01-111-0250
UPID
US18-4019939
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
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 eco…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1946
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.58 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
CBD
COMMERCIAL
Jurisdiction
Delray Beach, FL
Recorded code
CBD
Official district
CBD
Official district profile
What the municipal code says about CBD
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 eco…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CBD in Delray Beach, FL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Cited sourceThe exact document the profile quotes
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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