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Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Medical Office Space
4665 Atlantic Ave Delray Beach, FL 33445-3800
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-5083535
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1976
Construction
CONCRETE
Total area
7,306 SF
Lot
1.26 ac (54,790 SF)
Zoning code
POD
APN
12-42-46-13-00-000-7180
UPID
US18-5083535
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
-
Sinett Lucy Dental Office
-
Balshi Dermaceuticals MD Physician Medical Clinic
-
Yintang Acupuncture Alternative Medicine Practice Acupuncture
-
Divine Light Acupuncture Alternative Medicine Practice Acupuncture
-
Vanquish Treatment Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.48M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.15M
Owner & transaction history
Balshi Realty LLC · 7 yrs held
Balshi Realty LLC
since 2019
7 recorded transactions
Zoning & alternative use
POD · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Professional and Office District (POD) is created to provide a smaller-scale and very limited application of professional, office, and similar intensity uses to small parcels on properties designated as Transitional or General Commercial on the Land Use Map and mitigate against adverse effects which may occur with a higher intensity development
Zone name
Professional Office District
General category
COMMERCIAL
Zone area
11.22 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,605,000
6.5%
$1,480,000
7%
$1,375,000
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±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
$157 / 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
$34,225
Tax year 2023
Assessed value
$1,702,862
Assessed 2023
Previous assessed
$1,641,700
+3.7% YoY
Effective rate
2.01%
On assessed value
Assessed land
$800,467
Assessed improvement
$902,395
Land market value
$800,467
Improvement market value
$902,395
Total market value
$1,702,862
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1976
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
34
Total area
7,306 SF
Lot
1.26 ac (54,790 SF)
Zoning code
POD
APN
12-42-46-13-00-000-7180
UPID
US18-5083535
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
POD · Delray Beach, FLZoning POD · permitted uses
POD · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Professional and Office District (POD) is created to provide a smaller-scale and very limited application of professional, office, and similar intensity uses to small parcels on properties designated as Transitional or General Commercial on the Land Use Map and mitigate against adverse effects which may occur with a higher intensity development
Zone name
Professional Office District
General category
COMMERCIAL
Zone area
11.22 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1976
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
34
Lot
1.26 ac
Current owner
From public records · entity-resolved
Balshi Realty LLC
Entity
Mailing address
415 NW 22ND ST, DELRAY BEACH, FL 33444-3147
Ownership since
2019
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
Feb 3, 2020
—
Balshi Realty LLC
—
Deed
related
$345,000 · First Citizens Bank & Trust Co
Jul 29, 2019
—
Balshi Realty LLC
—
Deed
related
$1,275,000 · First Citizens Bank & Trust Co
Jun 28, 2019
—
Balshi Realty LLC
—
Deed
related
$325,000 · First Citizens Bank & Trust Co
Apr 24, 2019
$100
Balshi Realty LLC
Moody,elwin G
Correction Deed
related
—
Sep 12, 2013
$1,200,000
Balshi Realty LLC
Julemma LLC
Special Warranty Deed
$1,275,000 · First Citizens Bank & Trust Co
Feb 5, 2008
—
Julemma LLC
Spodak,myles S
Warranty Deed
—
Sep 25, 2007
—
Myles S Spodak
Spodak Myles S & Arlene
Quit Claim Deed
related
—
—
—
Myles S Spodak
—
Deed Of Trust
related
$300,000 · Bank Of America
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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