Financial
Distress signals
Property profile

306 NE 2Nd St Delray Beach, FL 33483

FOR LEASE
Retail space
Property ID
US18-6277195
6,011 SF 0.86 ac lot Built 1948
Last sale Mar 2006 · $1,450,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 20-yr Hold Held for 20 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is an office building offering themed office suites and a landscaped exterior, including a marble-paved entry plaza with a desert garden and water feature. Interior spaces are decorated with custom art and furnishings in a Southwestern style, and the building includes a combined waiting area and retail-style lobby. Amenities and services include cleaning services available to the suites, and the building supports operations with flexible hours. On-site parking is provided with 62

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$54k
Tax billed · 2023
Assessed value$3.04M
Assessed land$2.34M
Assessed improvement$700k
Effective rate1.77%

Value estimate

· Sep 2026
$1.28M
$1.15M – $1.40M
CAP approach$1.57M
Sales comparison$1.66M
NOI build-up
Gross scheduled income$159k
Vacancy & credit loss−$13k
Operating expenses−$44k
NOI · 10,988.22% cap applied$102k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$890/SF
Submarket average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$489 – $1,433
Qualifying comparables10

Cap rate analysis

How does the asset earn?
10,988.22%
$102k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CBD
The Central Business District (CBD) is established to preserve and protect the cultural and historic aspects of downtown Delray Beach and...
General categoryCOMMERCIAL
JurisdictionPALM BEACH

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service11.6
Dry Cleaner10.2
Laundromat9.3

Location

306 NE 2Nd St Delray Beach, FL 33483
County assessor Recorded deeds · 6 transfers 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2004 Federal, Delray Beach, FL 33483-6010 $5,600,000 Jul 2024 8,730 SF
1601 Federal, Delray Beach, FL 33483-5925 $1,650,000 Apr 2024 5,744 SF
525 7th, Delray Beach, FL 33483-5706 $6,350,000 Mar 2024 4,371 SF
3415 Federal, Delray Beach, FL 33483-3209 $1,935,000 Sep 2023 7,186 SF
2455 Old Dixie, Delray Beach, FL 33483-6146 $3,686,500 Apr 2022 6,000 SF
25 3rd, Delray Beach, FL 33483-4684 $2,500,000 Apr 2022 6,902 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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