Property profile

297 6th Ave Delray Beach, FL 33483

OFF-MARKET
Hotels
Property ID
US18-2254930
3,858 SF 0.36 ac lot Built 1953
Entity Owned 9-yr Hold Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1953
Construction WOOD
Total area 3,858 SF
Lot 0.36 ac (15,865 SF)
Zoning code CBD
APN 12-43-46-16-01-114-0010
UPID US18-2254930

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
  • Hotel & Motel

Location

297 6th Ave Delray Beach, FL 33483-5514
Delray Beach metro Census 6401 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.36M

Owner & transaction history

since 2016
5 recorded transactions
2016
$1.0M
2003
Price N/A
2000
$380,000
1969
Price N/A
1969
Price N/A

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 $1.9M +17.9%
Office building $1.8M +12.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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