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Property profile & analytics
OFF-MARKET
Estimated value
$3,085,000
Assisted living facilities
401 Linton Blvd Delray Beach, FL 33483-5028
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-3185009
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1987
Construction
CONCRETE
Total area
25,914 SF
Lot
20.36 ac (886,729 SF)
Zoning code
RM
APN
12-43-46-21-50-001-0000
UPID
US18-3185009
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
-
Vanni Roofing, LLC Roofing Company General Contractor
-
Lifecare Retirement Cmmntns Retirement Community Nursing Home
-
Rehab Care Group Medical Clinic
-
Womens Cancer Care Physician Medical Clinic
-
Porcaro Law Group Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.09M
Owner & transaction history
Lifespace Communities INC · 6 yrs held
Lifespace Communities INC
since 2019
7 recorded transactions
Zoning & alternative use
RM · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Medium Density Residential (RM) District is a residential zoning district with flexible densities having a base of six units per acre and a maximum standard density of 12 units per acre, with a maximum incentive density of 24 units per acre in designated areas
Zone name
Multi Family Residential Medium Density
General category
RESIDENTIAL
Zone area
1,691.21 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$119 / 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
$972,496
Tax year 2023
Assessed value
$60,000,000
Assessed 2023
Previous assessed
$51,437,868
+16.6% YoY
Effective rate
1.62%
On assessed value
Assessed improvement
$60,000,000
Improvement market value
$60,000,000
Total market value
$60,000,000
Applied tax rate
12,984.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
YES
Cooling
CENTRAL
Buildings
7
Stories
1
Units
38
Total area
25,914 SF
Lot
20.36 ac (886,729 SF)
Zoning code
RM
APN
12-43-46-21-50-001-0000
UPID
US18-3185009
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RM · Delray Beach, FLZoning RM · permitted uses
RM · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Medium Density Residential (RM) District is a residential zoning district with flexible densities having a base of six units per acre and a maximum standard density of 12 units per acre, with a maximum incentive density of 24 units per acre in designated areas
Zone name
Multi Family Residential Medium Density
General category
RESIDENTIAL
Zone area
1,691.21 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
7
Units
38
Lot
20.36 ac
Current owner
From public records · entity-resolved
Lifespace Communities INC
Entity
Mailing address
10700 PR LKS DR, EDEN PRAIRIE, MN 55344-3858
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2019
—
Lifespace Communities INC
—
Loan Modification
related
$214,967,873 · Us Bk
Sep 11, 2018
—
Lifespace Communities INC
—
Loan Modification
related
$149,625,730 · Us Bk
—
—
Lifespace Communities INC
—
Loan Modification
related
$69,545,000 · Us Bk National Assn (ce)
—
—
Lifespace Communities INC
—
Loan Modification
related
$69,545,000 · Us Bk National Assn (ce)
—
—
Lifespace Communities INC
—
Loan Modification
related
$69,545,000 · Us Bk National Assn (ce)
—
—
Lifespace Communities INC
—
Loan Modification
related
$88,086,972 · Us Bk
—
—
Lifespace Communities INC
—
Loan Modification
related
$88,086,972 · Us Bk
—
—
Lifespace Communities INC
—
Loan Modification
related
$88,086,972 · Us Bk
—
—
Lifespace Communities INC
—
Loan Modification
related
$88,086,972 · Us Bk
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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