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Property profile & analytics
OFF-MARKET
Estimated value
$9,490,000
Community centers
455 5th Ave Delray Beach, FL 33483-5658
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-1086989
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2001
Construction
CONCRETE
Total area
6,240 SF
Lot
0.63 ac (27,269 SF)
Zoning code
CBD
APN
12-43-46-09-74-001-0020
UPID
US18-1086989
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
-
Jersey Mike's Subs Take-out & Catering
-
SEOwhiz.com Marketing & Advertising
-
Go Touchless Flatware Big Box & Wholesale Store
-
Delray Beach Athletic Club Nightclub Music Venue
-
Roy & Spamer, PA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.35M
Blend (final)
Blend
$9.49M
Owner & transaction history
555 Ndc LLC · 5 yrs held
555 Ndc LLC
since 2021
Last sale
$9.4M
3 recorded transactions
Zoning & alternative use
CBD · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.7M
+35.4%
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
$11,135,000
ML approach
$11,120,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,670,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$9.49M
Range $8.54M – $10.44M · ±10% · vs last sale $9.42M (Feb 4 2021)
Last sale anchor
$9.42M
Feb 4 2021
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
$1,521 / 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
$43,815
Tax year 2023
Assessed value
$2,144,888
Assessed 2023
Previous assessed
$1,992,172
+7.7% YoY
Effective rate
2.04%
On assessed value
Assessed land
$1,137,894
Assessed improvement
$1,006,994
Land market value
$1,137,894
Improvement market value
$1,006,994
Total market value
$2,144,888
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
6,240 SF
Lot
0.63 ac (27,269 SF)
Zoning code
CBD
APN
12-43-46-09-74-001-0020
UPID
US18-1086989
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CBD · Delray Beach, FL
Zoning 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
Delray Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$7.7M
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
555 Ndc LLC
Entity
Free & Clear · 5 yrs held
Mailing address
7978 COOPER CRK BLVD, UNIVERSITY PARK, FL 34201-2139
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2025
—
Luke Joseph Fannon IV Deed Of Trust
—
Deed
related
$660,000 · The Weitz Family Trust
Feb 4, 2021
$9,420,000
555 Ndc LLC
North Delray LLC
Special Warranty Deed
—
May 18, 2007
$7,040,000
North Delray E&a LLC
Equity Partners Seven Ltd
Special Warranty Deed
—
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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