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Property profile & analytics
FOR SALE
Strip malls
4760 W Atlantic Ave Delray Beach, FL 33445
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-0063583
For Sale
1 / 5
$6,400,000
4760 W Atlantic Ave, Delray Beach, FL 33445
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
WOOD
Total area
4,635 SF
Lot
0.46 ac (20,081 SF)
Zoning code
GC
APN
12-42-46-13-01-000-0080
UPID
US18-0063583
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
-
Kateb Medical Medical Clinic
-
Multi Specialty Physician
-
Ashley Lauren Reinhardt Physician
-
David O Md Plus Urgent Fam Physician
-
Saffari Reza MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.42M
Blend (final)
Blend
$3.82M
Owner & transaction history
Brown Capital Lllp · 1 yrs held
Brown Capital Lllp
since 2025
Last sale
$4.0M
6 recorded transactions
Zoning & alternative use
GC · 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
$3,565,000
ML approach
$3,710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,210,000
Current use
RETAIL STORES
$4,125,000
Change: -2% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,895,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$3.82M
Range $3.44M – $4.20M · ±10% · vs last sale $4.00M (May 27 2023)
Last sale anchor
$4.00M
May 27 2023
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
$824 / 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
$20,010
Tax year 2023
Assessed value
$1,012,995
Assessed 2023
Previous assessed
$953,041
+6.3% YoY
Effective rate
1.98%
On assessed value
Assessed land
$539,202
Assessed improvement
$473,793
Land market value
$539,202
Improvement market value
$473,793
Total market value
$1,012,995
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
1985
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
4,635 SF
Lot
0.46 ac (20,081 SF)
Zoning code
GC
APN
12-42-46-13-01-000-0080
UPID
US18-0063583
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
GC · Delray Beach, FL
Zoning GC · permitted uses
GC · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.2M
RETAIL STORES
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
1985
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Brown Capital Lllp
Entity
Mailing address
4211 W BOY SCOUT BLVD STE #620, TAMPA, FL 33607-5928
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2025
$6,000,000
Brown Capital Lllp
Wpg Atlantic LLC
Warranty Deed
—
May 27, 2023
$4,000,000
Wpg Atlantic LLC
4760 West Atlantic Avenue LLC
Special Warranty Deed
$3,401,075 · Vast Bank NA
Aug 30, 2007
$940,000
4760 West Atlantic Avenue LLC
Stonge,norman
Warranty Deed
$933,000 · Bank Of America
Jun 1, 2007
$150,000
Norman Stonge
Malhotra,surindar & Thrity Coc
Trustees Deed
related
—
Dec 23, 2004
$1,220,000
Surindar Malhotra
Krol,carol
Warranty Deed
$570,000 · Metwest Commercial Lender
—
—
Carol A Krol
—
Deed Of Trust
related
$606,755 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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