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Property profile & analytics
OFF-MARKET
Estimated value
$4,260,000
Commercial land
338 5th Ave Delray Beach, FL 33483-5209
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-4421492
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1950
Total area
1,224 SF
Lot
0.15 ac (6,355 SF)
Zoning code
CBD
APN
12-43-46-21-01-104-0050
UPID
US18-4421492
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.26M
Owner & transaction history
318 Se 5th LLC · 5 yrs held
318 Se 5th LLC
since 2021
Last sale
$3.9M
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
$4,610,000
ML approach
$4,625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.26M
Range $3.83M – $4.69M · ±10% · vs last sale $3.90M (Mar 23 2021)
Last sale anchor
$3.90M
Mar 23 2021
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
$3,480 / 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
$10,205
Tax year 2023
Assessed value
$533,904
Assessed 2023
Previous assessed
$508,480
+5.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$533,904
Land market value
$533,904
Total market value
$533,904
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1950
Heating
YES
Cooling
YES
Stories
1
Bathrooms
3
Total area
1,224 SF
Lot
0.15 ac (6,355 SF)
Zoning code
CBD
APN
12-43-46-21-01-104-0050
UPID
US18-4421492
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
1950
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.15 ac
Current owner
From public records · entity-resolved
318 Se 5th LLC
Entity
Free & Clear · 5 yrs held
Mailing address
6810 N STATE RD 7TH 7, COCONUT CREEK, FL 33073-4304
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2021
$3,900,000
318 Se 5th LLC
Shovel Ready Projects LLC
Warranty Deed
—
Oct 15, 2020
—
Shovel Ready Projects LLC
—
Deed Of Trust
related
$1,500,000 · Evan Schnittman
Jul 22, 2020
$2,500,000
Shovel Ready Projects LLC
Federal Highway Cap 318 B LLC
Grant Deed
—
Dec 20, 2019
—
Federal Highway Cap 318 B LLC
—
Trustees Deed
related
$600,000 · Sapphire Prop Ventures Series
Dec 13, 2019
—
Federal Highway Cap 318 LLC
—
Trustees Deed
related
$500,000 · Sapphire Property Ventures LLC
Sep 27, 2017
$3,050,000
Federal Highway Cap 318 B LLC
Florida Fifth & Third LLC
Trustees Deed
$1,677,500 · Bi 23 LLC
Sep 19, 2005
$1,100,000
5th Street Venture LLC
James E Luckie
Warranty Deed
$825,000 · Fifth Third Bank Chicago
Jun 22, 1999
$88,000
James E Luckie
Yates,joseph R
Grant Deed
—
Jun 9, 1997
$65,000
Joseph R Yates
Carbo,natale
Grant Deed
$49,273 · Home Savings Of America
—
—
Florida Fifth & Third LLC
—
Deed Of Trust
related
$1,220,000 · Banesco USA
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.
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