Back to Search
Property profile & analytics
OFF-MARKET
Medical Office Space
402 6th Ave Delray Beach, FL 33483-5231
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-2374085
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2016
Construction
CONCRETE
Total area
5,194 SF
Lot
0.48 ac (20,756 SF)
Zoning code
CBD
APN
12-43-46-21-01-001-0030
UPID
US18-2374085
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
-
Kismet Clinic Medical Clinic
-
Lyubomir Chinkov, PMHNP-BC Physician
-
Bishop Health - Delray Beach Physician
-
Whole Health Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gsareen LLC
Gsareen LLC
since 2025
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
CBD · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Central Business District (CBD) is established to preserve and protect the cultural and historic aspects of downtown Delray Beach and simultaneously provide for the stimulation and enhancement of the vitality and economic growth of this special area. The CBD is comprised of five sub-districts, each with regulations to support their distinctive characteri…
Zone name
Central Business District
General category
COMMERCIAL
Zone area
229.25 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
—
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
$47,113
Tax year 2023
Assessed value
$2,409,321
Assessed 2023
Previous assessed
$2,409,321
+0.0% YoY
Effective rate
1.96%
On assessed value
Assessed land
$1,133,223
Assessed improvement
$1,276,098
Land market value
$1,133,223
Improvement market value
$1,276,098
Total market value
$2,409,321
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2016
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
5,194 SF
Lot
0.48 ac (20,756 SF)
Zoning code
CBD
APN
12-43-46-21-01-001-0030
UPID
US18-2374085
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CBD · Delray Beach, FLZoning 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
Zoning description
The Central Business District (CBD) is established to preserve and protect the cultural and historic aspects of downtown Delray Beach and simultaneously provide for the stimulation and enhancement of the vitality and economic growth of this special area. The CBD is comprised of five sub-districts, each with regulations to support their distinctive characteristics. The CBD is compatible with land areas designated as Commercial Core on the Land Use Map
Zone name
Central Business District
General category
COMMERCIAL
Zone area
229.25 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2016
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Gsareen LLC
Entity
Mailing address
3333 S CONGRESS AVE STE #402, DELRAY BEACH, FL 33445-7346
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Dec 18, 2025
$4,000,000
Gsareen LLC
Guardian 6th Avenue LLC
Warranty Deed
$3,400,000 · Harvest Small Business Finance LLC
Sep 18, 2024
—
Guardian 6th Avenue LLC
Guardian 7200 LLC
Special Warranty Deed
—
Feb 7, 2022
$3,375,000
Guardian 7200 LLC
3 Star LLC
Warranty Deed
$2,700,000 · Amerant Bank NA
Dec 19, 2018
—
3 Star LLC
—
Deed
related
$3,360,000 · Golden Circle Cu
Feb 9, 2017
—
3 Star LLC
—
Grant Deed
related
$5,280,000 · City Nat'l Bk/fl
Feb 23, 2015
—
3 Star LLC
—
Trustees Deed
related
$1,827,500 · Regions Bk
Dec 23, 2013
$675,000
3 Star LLC
402 Se 6th Avenue LLC
Grant Deed
$540,000 · Bank Of America
Aug 5, 2012
$350,000
402 Se 6th Avenue LLC
Gianna Realty LLC
Warranty Deed
—
Mar 16, 2011
$275,000
Gianna Realty LLC
Chiri,sarah J
Grant Deed
$210,000 · Chiri Sarah J Trust (pt)
—
—
3 Star LLC
—
Deed Of Trust
related
$3,360,000 · Golden Circle Cu
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 402 6th 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.
