Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    323 6th Ave Delray Beach, FL 33483-5516

    • Office buildings
    • 2,041 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    $855,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0871962
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Fred E.W. Peipman, Ph.D., P.A., / Counselor / Psychologist
    • Prestigious Property Management / Property Management Company
    • Delray Institute, Carlos Eduardo Ramirez MD / Medical Clinic
    • Daniel J Rose PA / Law Firm
    • US Veteran Benefits Association / Association Or Organization

    Property Details for 323 6th Ave

    Year built
    1956
    Construction
    WOOD
    Lot size
    0.15 lot acres
    Property size
    2,041 SF
    Zone code
    CBD
    Property type
    Office buildings
    APN
    12-43-46-16-05-113-0170
    APU
    12434616051130170

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $960,000
      6.5%
      $890,000
      7%
      $825,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $635,000
      Market price range: $223k - $636k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $960,000
      Current use
      AUTO REPAIR, GARAGE
      $1,010,000
      Change: +5% Conversion: Difficult
      MEDICAL BUILDING
      $805,000
      Change: -16% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0669
    Latitude
    26.4676
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $19,225
    $959,028
    $209,134
    $1,168,162
    -
    $959,028
    $209,134
    $1,168,162

    Comparable in this City

    • Value Estimation
      $3,060,000
      7,050 SF

      253 4th Ave

      OFFICE BUILDING (MULTI-STORY) • 7,050 SF
      253 4th Ave, Delray Beach, FL 33483
      View Details
    • Value Estimation
      $760,000
      2,493 SF

      504 5th Ave

      OFFICE BUILDING (MULTI-STORY) • 2,493 SF
      504 5th Ave, Delray Beach, FL 33483-5603
      View Details
    • Value Estimation
      $1,990,000
      6,620 SF

      135 5th Ave

      OFFICE BUILDING (MULTI-STORY) • 6,620 SF
      135 5th Ave, Delray Beach, FL 33483-5274
      View Details
    • Value Estimation
      $3,020,000
      13,012 SF

      701 6th Ave

      OFFICE BUILDING (MULTI-STORY) • 13,012 SF
      701 6th Ave, Delray Beach, FL 33483-5186
      View Details
    • Value Estimation
      $2,500,000
      4,754 SF

      398 6th Ave

      OFFICE BUILDING (MULTI-STORY) • 4,754 SF
      398 6th Ave, Delray Beach, FL 33483-5517
      View Details
    • Value Estimation
      $2,180,000
      5,588 SF

      100 Linton Blvd

      OFFICE BUILDING (MULTI-STORY) • 5,588 SF
      100 Linton Blvd, Delray Beach, FL 33483-3327
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,586 SF

      Delray Beach Corner Office Building

      4,586 SF office building on a .35-acre lot.
      181 Se 5Th Ave, Delray Beach, FL 33483
      View Details
    • $4,000,000

      Prime Delray Beach Redevelopment

      14,800 SF lot, CBD zoning, huge potential.
      181 5Th Ave, Delray Beach, FL 33483
      View Details
    • Contact for pricing

      Free Standing Office Building

      Office building with signage, parking, and flexible space.
      766 SE 5Th Ave, Delray Beach, FL 33483
      View Details
    • $1,200,000

      Remodeled Office Building in Delray

      Free-standing office building with high visibility and flexible zoning.
      3705 N Federal Hwy, Delray Beach, FL 33483
      View Details
    • Contact for pricing

      Class A Office Suite

      Second floor office suite in downtown Delray Beach.
      909 SE 5Th Ave, Delray Beach, FL 33483
      View Details
    • $3,955,000

      Restaurant Anchored Mixed-Use Property

      Mixed-use property with restaurant and office space in Delray Beach.
      504 E Atlantic Ave, Delray Beach, FL 33483
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Upgraded Office Building in Delray

      Downtown Delray Beach office space near dining and entertainment.
      302 East Atlantic Ave, Delray Beach, FL 33483
      View Details
    • Contact for pricing
      2,130 SF

      Delray Beach Medspa Endcap Space

      Built-out medspa space in East Delray Beach for rent.
      25-53 SE 4Th Ave, Delray Beach, FL 33483
      View Details
    • Contact for pricing
      484 SF

      Delray Beach Office Space Available

      Office space for rent in Delray Beach, Florida.
      632-636 E Atlantic Ave, Delray Beach, FL 33483
      View Details
    • Contact for pricing
      9,198 SF

      Delray Beach Office Space

      9,198 SF office space available for lease.
      55 Ne 5Th Ave, Delray Beach, FL 33483
      View Details
    • $945,000
      1,140 SF

      Delray Beach Office Condo

      Office condo in downtown Delray Beach near Atlantic Avenue.
      96 NE 5Th Ave, Delray Beach, FL 33483
      View Details
    • $13,240 /Mo
      26,785 SF

      Delray Beach Commercial Space Available

      4,540 SF retail, office, or medical space for lease.
      3415 S Federal Hwy, Delray Beach, FL 33483
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    323 6th Ave
    Delray Beach, FL 33483-5516
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!