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Property profile & analytics
OFF-MARKET
Estimated value
$54,860,000
Industrial properties
420 Congress Ave Delray Beach, FL 33445-4693
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-4749279
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1994
Construction
CONCRETE
Total area
187,906 SF
Lot
9.85 ac (429,066 SF)
Zoning code
MROC
APN
12-43-46-18-42-002-0000
UPID
US18-4749279
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
-
Levenger Company Headquarters Corporate Office
-
PetMeds® Veterinary Clinic
-
New Pet Meds Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$49.87M
Comparable Approach
Comparable
$43.37M
Blend (final)
Blend
$54.86M
Owner & transaction history
420 South Congress Avenue LLC · 10 yrs held
420 South Congress Avenue LLC
since 2016
7 recorded transactions
Zoning & alternative use
MROC · 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%
$54,025,000
6.5%
$49,865,000
7%
$46,305,000
Blend value · Realmo final
$54.86M
Range $49.37M – $60.35M · ±10%
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
$292 / 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
$443,771
Tax year 2023
Assessed value
$23,600,549
Assessed 2023
Previous assessed
$19,360,887
+21.9% YoY
Effective rate
1.88%
On assessed value
Assessed land
$5,879,594
Assessed improvement
$17,720,955
Land market value
$5,879,594
Improvement market value
$17,720,955
Total market value
$23,600,549
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1994
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
187,906 SF
Lot
9.85 ac (429,066 SF)
Zoning code
MROC
APN
12-43-46-18-42-002-0000
UPID
US18-4749279
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MROC · Delray Beach, FL
Zoning MROC · permitted uses
MROC · 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
1994
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
9.85 ac
Current owner
From public records · entity-resolved
420 South Congress Avenue LLC
Entity
Mailing address
420 S CONGRESS AVE #100, DELRAY BEACH, FL 33445-4693
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2016
$18,500,000
420 South Congress Avenue LLC
420 South Congress INC
Grant Deed
—
Aug 22, 2012
$8,770,000
420 South Congress INC
Plaza One Realty Co
Grant Deed
—
Sep 7, 2011
$16,471,020
Plaza One Realty Co
Rreef America Reit III Corp Nn
Grant Deed
—
Dec 21, 2009
—
Rreef America Reit III Corp Nn
—
Deed Of Trust
related
$17,648,000 · State Farm Bank Fsb
Apr 9, 2007
—
Rreef America Reit III Corp Nn
—
Deed Of Trust
related
$17,648,000 · State Farm Bank Fsb
Jan 3, 2007
$13,220,000
Rreef America Reit III Corp Nn
Levenger
Quit Claim Deed
related
—
Jan 3, 2007
$7,980,000
Rreef America Reit III Corp Nn
Leveen Family Ptshp Ltd
Grant Deed
—
Jul 10, 2001
—
Leveen Family Partnership Ltd
—
Deed Of Trust
related
$2,000,000 · First Union National Bank
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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