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Property profile & analytics
OFF-MARKET
Estimated value
$4,765,000
Showrooms
41 Congress Ave Delray Beach, FL 33445-3421
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-1819906
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1990
Construction
CONCRETE
Total area
18,096 SF
Lot
1.09 ac (47,602 SF)
Zoning code
MIC
APN
12-43-46-18-60-000-0020
UPID
US18-1819906
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
-
Morpheus Design Dance Floor and Wall Wraps Wedding Service
-
Alex European Autoworks Auto Repair Shop
-
European Woodcraft Furniture & Home Goods
-
Lifetime Moving and Junk Removal Moving Company Storage Facility
-
Lloyd Custom Cabinets General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.80M
Comparable Approach
Comparable
$5.26M
Blend (final)
Blend
$4.77M
Owner & transaction history
New School Holdings LLC · 1 yrs held
New School Holdings LLC
since 2025
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
MIC · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,205,000
6.5%
$4,800,000
7%
$4,460,000
Blend value · Realmo final
$4.77M
Range $4.29M – $5.24M · ±10% · vs last sale $4.50M (Apr 1 2025)
Last sale anchor
$4.50M
Apr 1 2025
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
$263 / 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
$55,615
Tax year 2023
Assessed value
$2,864,599
Assessed 2023
Previous assessed
$2,492,787
+14.9% YoY
Effective rate
1.94%
On assessed value
Assessed land
$856,854
Assessed improvement
$2,007,745
Land market value
$856,854
Improvement market value
$2,007,745
Total market value
$2,864,599
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1990
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
18,096 SF
Lot
1.09 ac (47,602 SF)
Zoning code
MIC
APN
12-43-46-18-60-000-0020
UPID
US18-1819906
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MIC · Delray Beach, FL
Zoning MIC · permitted uses
MIC · 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
1990
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
New School Holdings LLC
Entity
Mailing address
1710 W ATLANTIC AVE, DELRAY BEACH, FL 33444-1565
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
Jul 1, 2025
$4,500,000
New School Holdings LLC
Fifty Four Fifty Four Corp
Warranty Deed
$2,300,000 · South State Bank NA
Mar 25, 2019
—
Fifty-four-fifty-four Corp
—
Deed
related
$226,973 · Valley Nat'l Bk
Sep 29, 2015
$1,825,000
Fifty-four-fifty-four Corp
Royal Commercial Plaza II LLC
Warranty Deed
$600,000 · Valley National Bank
Dec 7, 2010
—
Royal Commercial Plaza II LLC
—
Trustees Deed
related
$50,000 · Broward Bank Of Commerce
Apr 1, 2005
$1,770,000
Royal Commercial Plaza II LLC
Mahabir,paul & Lynette
Warranty Deed
$1,395,250 · Regions Bank
—
—
Fifty-four-fifty-four Corp
—
Loan Modification
related
$226,973 · Valley Nat'l Bk
—
—
Antonio Giulietti
—
Deed Of Trust
related
$397,007 · Regions Bank
—
—
Fifty-four-fifty-four Corp
—
Loan Modification
related
$766,000 · Valley Nat'l Bk
—
—
Royal Commercial Plaza II LLC
—
Loan Modification
related
$1,149,829 · First United Bank
—
—
Royal Commercial Plaza II LLC
—
Deed Of Trust
related
$1,200,000 · Broward Bank Of Commerce
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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