New search
Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Showrooms
333 2nd Ave Delray Beach, FL 33483-4401
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-0180335
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1960
Construction
WOOD
Total area
1,775 SF
Lot
0.15 ac (6,630 SF)
Zoning code
CBD
APN
12-43-46-16-04-088-0050
UPID
US18-0180335
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Gonaives Discount Store Discount Store
-
RAVI Design General Contractor
-
Atlantic Disaster Recovery Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$915k
CAP Approach
CAP
$470k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$685k
Owner & transaction history
333 Se 2nd Avenue LLC · 5 yrs held
333 Se 2nd Avenue LLC
since 2020
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
CBD · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Delray Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delray Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$915,000
CAP Approach
CAP Return
Estimation
6%
$510,000
6.5%
$470,000
7%
$435,000
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $700k (Aug 24 2020)
Last sale anchor
$700k
Aug 24 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$386 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,446
Tax year 2023
Assessed value
$639,407
Assessed 2023
Previous assessed
$595,261
+7.4% YoY
Effective rate
1.95%
On assessed value
Assessed land
$396,806
Assessed improvement
$242,601
Land market value
$396,806
Improvement market value
$242,601
Total market value
$639,407
Applied tax rate
12,987.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
1,775 SF
Lot
0.15 ac (6,630 SF)
Zoning code
CBD
APN
12-43-46-16-04-088-0050
UPID
US18-0180335
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CBD · Delray Beach, FL
Zoning CBD · permitted uses
CBD · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Delray Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
333 Se 2nd Avenue LLC
Entity
Mailing address
333 SE 2ND AVE, DELRAY BEACH, FL 33483-4401
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2020
$700,000
333 Se 2nd Avenue LLC
Kumar Ramnarace
Warranty Deed
$550,000 · Schnittman Merle F/tr (pt)
Oct 31, 2019
$418,900
Kumar Ramnarace
Bsm Money INC Coc
Trustees Deed
—
Sep 1, 2015
$600,000
Bsm Money INC
Ramnarace,kumar
Warranty Deed
$490,000 · Kumar Ramnarace
Feb 2, 2010
$444,609
Kumar Ramnarace
Pomaphil,molege & Rosette
Warranty Deed
—
Jun 4, 2007
$575,000
Molege Pomaphil
Ramnarace,kumar
Warranty Deed
$460,000 · Kumar Ramnarace
Aug 17, 1999
$100,000
Kumar Ramnarace
Malkemes,charles D
Grant Deed
$80,000 · Bank Of America
—
—
Bsm Money INC
—
Deed Of Trust
related
$33,880 · Rafael Romero
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 333 2nd Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
