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    Property profile & analytics

    40 Ocean Blvd Delray Beach, FL 33483-6932

    • Turn key restaurants
    • 11,851 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US18-4115631
    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

    • Boston's on the Beach / Seafood Restaurant / Restaurant
    • Sandbar / Bar & Grill
    • bar / Bar

    Property Details for 40 Ocean Blvd

    Year built
    1937
    Construction
    WOOD
    Lot size
    0.69 lot acres
    Property size
    11,851 SF
    Zone code
    CBD
    Property type
    Turn key restaurants
    APN
    12-43-46-16-28-001-0040
    APU
    12434616280010040

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0589
    Latitude
    26.461
    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
    $225,305
    $9,049,200
    $2,183,458
    $11,232,658
    -
    $9,049,200
    $2,183,458
    $11,232,658

    Comparable in this City

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      4,940 SF

      2885 Federal Hwy, Unit 1

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      1,200 SF

      206 3rd Ave

      RESTAURANT • 1,200 SF
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      4,473 SF

      253 5th Ave

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      8,108 SF

      900 Atlantic Ave Ste, Unit 22

      RESTAURANT • 8,108 SF
      900 Atlantic Ave Ste, Delray Beach, FL 33483-6954
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    • Value Estimation
      $270,000
      1,640 SF

      2717 Federal Hwy

      RESTAURANT • 1,640 SF
      2717 Federal Hwy, Delray Beach, FL 33483-6126
      View Details
    • Value Estimation by Request
      2,484 SF

      1717 Federal Hwy

      RESTAURANT • 2,484 SF
      1717 Federal Hwy, Delray Beach, FL 33483-6036
      View Details

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      Retail space with heavy traffic and covered parking.
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    Similar Nearby for Lease

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      Retail property available for lease in Delray Beach, Florida.
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      Retail Space in Delray Beach

      Retail property in a high-traffic Delray Beach location.
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      Delray Beach Commercial Property For Rent

      Commercial property in Delray Beach available for rent.
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    Property Visit Statistics

    • Visits by month
      17.4k
    • Visitors by month
      19.3k
    • Avg Time on site
      42 min
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    40 Ocean Blvd
    Delray Beach, FL 33483-6932
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    Realmo Value Estimation

    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.

    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.

    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
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