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Property profile & analytics
OFF-MARKET
Estimated value
$3,520,000
Commercial land
354 5th Ave Delray Beach, FL 33483-5209
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-0904337
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1943
Construction
WOOD FRAME
Total area
1,088 SF
Lot
0.58 ac (25,422 SF)
Zoning code
CBD
APN
12-43-46-21-01-104-0070
UPID
US18-0904337
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
-
New Way Insurance Claim Adjuster LLC Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$3.52M
Owner & transaction history
Delport Limited Partnership · 4 yrs held
Delport Limited Partnership
since 2021
Last sale
$3.4M
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
$4,050,000
ML approach
$4,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.52M
Range $3.17M – $3.87M · ±10% · vs last sale $3.43M (Oct 7 2021)
Last sale anchor
$3.43M
Oct 7 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
$3,235 / 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
$40,700
Tax year 2023
Assessed value
$2,135,448
Assessed 2023
Previous assessed
$2,033,760
+5.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$2,135,448
Land market value
$2,135,448
Total market value
$2,135,448
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
1943
Construction
WOOD FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
1,088 SF
Lot
0.58 ac (25,422 SF)
Zoning code
CBD
APN
12-43-46-21-01-104-0070
UPID
US18-0904337
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
1943
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Delport Limited Partnership
Entity
Free & Clear · 4 yrs held
Mailing address
9640 MORITZ WAY, DELRAY BEACH, FL 33446-3687
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
Oct 7, 2021
$3,425,000
Delport Limited Partnership
354 Se 5th LLC
Warranty Deed
—
Jun 10, 2021
$2,400,000
354 Se 5th LLC
5th Avenue Square Holdings LLC
Warranty Deed
$2,200,000 · Barry Schnittman
Jun 24, 2015
$1,600,000
5th Avenue Square Holdings LLC
Db Land LLC
Warranty Deed
—
Nov 5, 2014
$780,000
Wfl Land LLC|db Land LLC
Cre 2011-2 Reo Fl-retail LLC
Grant Deed
—
Aug 11, 2014
$350,100
Cre Venture 2011-2 LLC
Hare Hare Hare INC Coc
Trustees Deed
—
Apr 4, 2008
—
Hare Hare Hare INC
—
Trustees Deed
related
$1,625,000 · Orion Bank
Mar 20, 2002
$267,000
Hare Hare Hare INC
Crestline Holdings INC
Grant Deed
$590,000 · Southern Community Bank
Dec 8, 1999
$155,000
Crestline Holdings INC
Sewak,robert & Doris
Grant Deed
related
$50,000 · Seller
—
—
Crestline Holdings INC
—
Deed Of Trust
related
$125,000 · Individual
—
—
Hare Hare Hare INC
—
Deed Of Trust
related
$35,000 · Southern Community Bank Sw Fl
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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