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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Golf courses & driving ranges
4645 White Cedar Ln Delray Beach, FL 33445-7027
Entity Owned
16-yr Hold
Free & Clear
Property ID
US18-3253866
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
GOLF COURSE
Year built
1979
Construction
WOOD
Total area
6,854 SF
Lot
214.05 ac (9,324,118 SF)
Zoning code
OSR
APN
12-42-46-25-02-000-0030
UPID
US18-3253866
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
-
Delray Country Clb & Tennis Sp Bar & Pub Golf Course
-
Delaire Country Club Bar & Pub Golf Course
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$690k
Owner & transaction history
Del-aire Country Club INC · 16 yrs held
Del-aire Country Club INC
since 2009
7 recorded transactions
Zoning & alternative use
OSR · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Open Space and Recreation (OSR) District is established to most appropriately identify parcels of land which are used primarily for recreational or public purposes in an outdoor setting (e.g. a swimming facility). The OSR District is generally applied to parks, golf courses, and properties where public recreational facilities may exist, and also accommod…
Zone name
Open Space And Recreation
General category
OPEN_SPACE
Zone area
631.48 ac
Source
Realmo
Top alternative use upside
Industrial (general)
$940,000
+132.5%
Medical building
$905,000
+124.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$940,000
Change: +132% · Conversion: Difficult
MEDICAL BUILDING
$905,000
Change: +124% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$101 / 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
$393,838
Tax year 2023
Assessed value
$18,290,206
Assessed 2023
Previous assessed
$15,973,221
+14.5% YoY
Effective rate
2.15%
On assessed value
Assessed land
$5,202,220
Assessed improvement
$13,087,986
Land market value
$5,202,220
Improvement market value
$13,087,986
Total market value
$18,290,206
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
Golf courses & driving ranges
Use group
GOLF COURSE
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
8
Stories
1
Total area
6,854 SF
Lot
214.05 ac (9,324,118 SF)
Zoning code
OSR
APN
12-42-46-25-02-000-0030
UPID
US18-3253866
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
OSR · Delray Beach, FLZoning OSR · permitted uses
OSR · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Open Space and Recreation (OSR) District is established to most appropriately identify parcels of land which are used primarily for recreational or public purposes in an outdoor setting (e.g. a swimming facility). The OSR District is generally applied to parks, golf courses, and properties where public recreational facilities may exist, and also accommodates the operation of activities licensed by the City
Zone name
Open Space And Recreation
General category
OPEN_SPACE
Zone area
631.48 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$940,000
MEDICAL BUILDING
Est. value
$905,000
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
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
1979
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
8
Lot
214.05 ac
Current owner
From public records · entity-resolved
Del-aire Country Club INC
Entity
Free & Clear · 16 yrs held
Mailing address
4645 WHITE CEDAR LN, DELRAY BEACH, FL 33445-7027
Ownership since
2009
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
Jun 9, 2025
—
Delare Country Club Prop Owners Ass
—
Deed
related
$15,000,000 · Regions Bank
Sep 13, 2019
—
Delaire Country Club INC
—
Deed
related
$15,000,000 · Regions Bk
Apr 24, 2017
—
Delaire Country Club INC
—
Deed
related
$5,500,000 · Regions Bk
Dec 22, 2011
—
Del-aire Country Club INC
—
Deed Of Trust
related
$15,540,000 · Regions Bank
Oct 22, 2009
—
Del-aire Country Club INC
—
Deed Of Trust
related
$15,540,000 · Regions Bank
Sep 11, 2009
—
Del-aire Country Club INC
Lake Worth Drainage District
Quit Claim Deed
related
—
—
—
Delaire Country Club INC
—
Loan Modification
related
$15,000,000 · Regions Bk
—
—
Del-aire Country Club INC
—
Loan Modification
related
$5,500,000 · Regions Bank
—
—
Delaire Country Club INC
—
Loan Modification
related
$5,500,000 · Regions 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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