Property profile

321 Congress Ave Delray Beach, FL 33445

OFF-MARKET
Industrial properties
Property ID
US19-0501251
14,400 SF 1.18 ac lot Built 1984
Entity Owned 9-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1984
Construction CONCRETE
Total area 14,400 SF
Lot 1.18 ac (51,584 SF)
Zoning code MIC
APN 12-43-46-18-35-001-0000
UPID US19-0501251

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
  • Shopping Center & Mall
  • Storage Facility
  • Hardware & Home Improvement Kitchen & Bath Showroom
  • Building Supply Renovation Specialist
  • Hardware & Home Improvement Furniture & Home Goods

Location

321 Congress Ave Delray Beach, FL 33445-3457
Delray Beach metro Census 6910 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
$3.82M
Comparable Approach Comparable
$5.05M
Blend (final) Blend
$4.77M

Owner & transaction history

since 2017
7 recorded transactions
2017
$2.5M
2012
Price N/A
2012
$782,200
2005
$1.4M
2003
$1.4M
1997
$700,000
1969
Price N/A

Zoning & alternative use

MIC · Delray Beach, FL
Zoning description

The Mixed Industrial and Commercial (MIC) District is created to provide for a mix of industrial, commercial, and office use in a single zoning district. The uses allowed are intended to enhance employment opportunities…

General category INDUSTRIAL

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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