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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4760 Atlantic Ave Delray Beach, FL 33445-3839

    • Strip malls
    • 4,635 SF
    • 0.46 lot acres
    OFF-MARKET
    Last Sale
    May 27, 2023
    $4,000,000
    Value Estimations
    $3,280,000
    Show details
    Cap Rate Potential
    2.5%
    Strip malls
    Location Intelligence
    Property ID
    US18-0063583
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Kateb Medical / Internist / Medical Clinic
    • Multi Specialty / Doctor
    • Ashley Lauren Reinhardt / Physician Assistant
    • David O Md Plus Urgent Fam / Pulmonologist
    • Saffari Reza MD / Nephrologist

    Property Details for 4760 Atlantic Ave

    Year built
    1985
    Construction
    WOOD
    Lot size
    0.46 lot acres
    Property size
    4,635 SF
    Zone code
    GC
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    12-42-46-13-01-000-0080
    APU
    12424613010000080

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,565,000
      ML approach
      $3,710,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,424,000
      Market price range: $2.42M - $6.40M

    • 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

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1186
    Latitude
    26.4575
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,010
    $539,202
    $473,793
    $1,012,995
    -
    $539,202
    $473,793
    $1,012,995

    Comparable in this City

    • Value Estimation by Request
      5,700 SF

      4789 Atlantic Ave

      SHOPPING CENTER, STRIP CENTER • 5,700 SF
      4789 Atlantic Ave, Delray Beach, FL 33445-3838
      View Details
    • Value Estimation
      $510,000
      11,978 SF

      4043 Atlantic Ave

      SHOPPING CENTER, STRIP CENTER • 11,978 SF
      4043 Atlantic Ave, Delray Beach, FL 33445-3904
      View Details
    • Value Estimation
      $575,000
      11,298 SF

      2001 Atlantic Ave

      SHOPPING CENTER, STRIP CENTER • 11,298 SF
      2001 Atlantic Ave, Delray Beach, FL 33445-4622
      View Details
    • Value Estimation
      $695,000
      13,435 SF

      1005 Congress Ave

      SHOPPING CENTER, STRIP CENTER • 13,435 SF
      1005 Congress Ave, Delray Beach, FL 33445-6029
      View Details
    • Value Estimation
      $1,030,000
      34,097 SF

      4801 Linton Blvd, Unit A15

      MINI-MALL • 34,097 SF
      4801 Linton Blvd, Delray Beach, FL 33445-6503
      View Details
    • Value Estimation
      $1,235,000
      67,842 SF

      100 Congress Ave

      MINI-MALL • 67,842 SF
      100 Congress Ave, Delray Beach, FL 33445-4642
      View Details

    Similar Nearby for Sale

    • $4,250,000
      2,750 SF

      Delray Beach Retail Investment

      Prime Delray Beach retail space, high traffic.
      1660 Congress Ave, Delray Beach, FL 33445
      View Details
    • $1,950,000
      4,681 SF

      Delray Beach Warehouse - $1.95M

      Prime Delray Beach warehouse, 4,681 sq ft.
      601 Congress Ave, Delray Beach, FL 33445
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    • $6,400,000
      1,904 SF

      New Regions Bank Ground Lease

      New 15-year Regions Bank ground lease in Delray Beach, FL.
      4760 W Atlantic Ave, Delray Beach, FL 33445
      View Details
    • $399,900
      0.19 Acres

      Residential Land in Gated Enclave

      Residential land in Delray Beach, build your dream home!
      1855 Copley Pl, Delray Beach, FL 33445
      View Details
    • $1,675,000
      0.97 Acres

      Lakefront Lot in Seagate Country

      Spacious lakefront lot in prestigious Seagate Country Club community.
      330 Glenwood Dr, Delray Beach, FL 33445
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    • $4,800,000
      1.89 Acres

      Delray Beach Commercial Land Opportunity

      1.89 acres of commercial land in a high-traffic area.
      4013 W Atlantic Ave, Delray Beach, FL 33445
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      79,242 SF

      Lake Ida Plaza Retail Space

      Delray Beach, FL Strip Center - 2 Spaces Available
      600 Congress Ave, Delray Beach, FL 33445
      View Details
    • $24 SF/Yr
      6,200 SF

      Restaurant Space in Delray Beach

      Restaurant space available with high traffic and abundant parking.
      600-650 N Congress Ave, Delray Beach, FL 33445
      View Details
    • $23 SF/Yr
      4,551 SF

      Move-in Ready Commercial Space

      Commercial space for rent with showroom and dock high loading.
      955 S Congress Ave, Delray Beach, FL 33445
      View Details
    • $24 SF/Yr
      6,000 SF

      Delray Beach Industrial Space

      Industrial space with direct access off Congress Ave.
      935 S Congress Ave, Delray Beach, FL 33445
      View Details
    • $0.38 SF/Yr
      31,231 SF

      Delray Beach Office Space for Lease

      Prime Delray Beach Office: 31,231 sq ft
      1200 17Th Ave, Delray Beach, FL 33445
      View Details
    • $17 SF/Yr
      4,307 SF

      Delray Office Plaza Lease Opportunity

      Office/Medical space available for lease near Atlantic Avenue.
      4733 W Atlantic Ave, Delray Beach, FL 33445
      View Details
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    Delray Beach, FL 33445-3839
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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