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Property profile & analytics
OFF-MARKET
Estimated value
$14,275,000
Office buildings
4733 Atlantic Ave Delray Beach, FL 33445-3706
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-4564903
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1999
Construction
CONCRETE
Total area
29,734 SF
Lot
6.64 ac (289,443 SF)
Zoning code
POC
APN
12-42-46-13-00-000-7020
UPID
US18-4564903
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
-
TestoCore Hormone & Testosterone Replacement Therapy, Semaglutide Clinic Physician
-
Sobriety For Women - Addiction Treatment Center Medical Clinic
-
Data Cabling & Network Wiring Delray Beach Telecommunications Service General Contractor
-
Onalim Property Management & Brokerage Services Corporate Office
-
Whites Roofing Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.94M
Comparable Approach
Comparable
$17.78M
Blend (final)
Blend
$14.28M
Owner & transaction history
Atlantic Avenue Properties & Invest · 11 yrs held
Atlantic Avenue Properties & Invest
since 2014
3 recorded transactions
Zoning & alternative use
POC · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$20.5M
+46.6%
Apartment house (5+ units)
$20.4M
+45.6%
Auto repair, garage
$14.7M
+4.9%
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%
$14,010,000
6.5%
$12,935,000
7%
$12,010,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$13,995,000
Current use
RESTAURANT
$20,525,000
Change: +47% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$20,385,000
Change: +46% · Conversion: Easy
AUTO REPAIR, GARAGE
$14,685,000
Change: +5% · Conversion: Difficult
MEDICAL BUILDING
$11,720,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$14.28M
Range $12.85M – $15.70M · ±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
$480 / 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
$250,749
Tax year 2023
Assessed value
$12,425,746
Assessed 2023
Previous assessed
$11,753,461
+5.7% YoY
Effective rate
2.02%
On assessed value
Assessed land
$2,115,828
Assessed improvement
$10,309,918
Land market value
$2,115,828
Improvement market value
$10,309,918
Total market value
$12,425,746
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
29,734 SF
Lot
6.64 ac (289,443 SF)
Zoning code
POC
APN
12-42-46-13-00-000-7020
UPID
US18-4564903
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
POC · Delray Beach, FL
Zoning POC · permitted uses
POC · 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
OFFICE BUILDING Current
Est. value
$14.0M
RESTAURANT
Est. value
$20.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.4M
AUTO REPAIR, GARAGE
Est. value
$14.7M
MEDICAL BUILDING
Est. value
$11.7M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1999
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
6.64 ac
Current owner
From public records · entity-resolved
Atlantic Avenue Properties & Invest
Entity
Mailing address
PO BOX 292037, FORT LAUDERDALE, FL 33329-2037
Ownership since
2014
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
Feb 16, 2017
—
Atlantic Avenue Props & Invs L
—
Deed
related
$7,472,854 · Valley Nat'l Bk
Sep 30, 2014
$8,400,000
Atlantic Avenue Properties & Invest
Lja Properties INC
Warranty Deed
$6,750,000 · 1st United Bank
—
—
Atlantic Avenue Props & Invs L
—
Loan Modification
related
$7,472,854 · Valley Nat'l 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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