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    4970 Atlantic Ave Delray Beach, FL 33445-3843
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    Property profile & analytics

    4970 Atlantic Ave, Delray Beach, FL 33445-3843

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    • Drug stores
    • 15,301 SF
    • 0.85 lot acres
    Off-Market
    Last Sale Jul 21, 2025
    $28,800,000
    Property ID
    US18-4557487
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CVS Photo / (Bike/Boat/Book/etc) Store
    • CVS / Pharmacy
    • CDReload - Online Bitcoin ATM / Currency Exchange Service / Money Transfer Service
    • UPS Access Point location / Courier Service / Postal Service
    • CDReload Instant Bitcoin / Crypto Atm

    Property Details for 4970 Atlantic Ave

    Year built
    2018
    Construction
    CONCRETE
    Lot size
    0.85 lot acres
    Zone code
    GC
    Property type
    Drug stores
    APN
    12-42-46-13-30-001-0000
    APU
    12424613300010000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 21, 2025 $28,800,000 Ocs Delray LLC B B B Plaza Associates Ltd Special Warranty Deed —
    Mar 25, 2022 — Rmtg Lender 2 LLC Bsprt 2019 Fl5 Seller LLC Assignment Of Lease (leasehold Sale) —
    Apr 11, 2019 — Bbb Plaza Associates Ltd — Deed · related $15.3M · Bsprt Cre Fin LLC
    Mar 7, 2017 — Bbb Plaza Associates Ltd — Grant Deed · related $13.7M · Private Individual
    Jan 25, 2016 $3,800,000 Bbb Plaza Outparcel Assocs Ltd 4676 LLC Warranty Deed $2.2M · Optimumbank
    — — Bbb Plaza Associates Ltd — Loan Modification · related $15.3M · Bsprt Cre Fin LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.122
    Latitude
    26.4574
    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
    $85,932
    $1,724,332
    $2,808,170
    $4,532,502
    -
    $1,724,332
    $2,808,170
    $4,532,502

    Comparable in this City

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      $10,490,000
      14,602 SF

      4999 Atlantic Ave

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      13,778 SF

      10 Congress Ave

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      5,808 SF

      1601 Congress Ave

      DRUG STORE, PHARMACY
      1601 Congress Ave, Delray Beach, FL 33445-6368
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    • Value Estimation
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      14,780 SF

      355 Congress Ave

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    • Value Estimation
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      4,301 SF

      4775 Linton Blvd

      FINANCIAL BUILDING
      4775 Linton Blvd, Delray Beach, FL 33445-6616
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    • Value Estimation
      $1,860,000
      2,400 SF

      4686 133rd S Rd

      SHOW ROOM, WAREHOUSE
      4686 133rd S Rd, Delray Beach, FL 33445-1226
      View Details

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      Delray Beach Warehouse - $1.95M

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      3,043 SF

      Warehouse-Office-Showroom Commercial Condo For Sale

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      Warehouse/Office/Showroom with Congress Avenue Exposure

      5,850 SF warehouse/office/showroom with Congress Avenue exposure for sale.
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      1,167 SF

      Renovated Condo in 55+ Community

      Turnkey, furnished 2 bed, 2 bath condo in Delray Beach.
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    Similar Nearby for Lease

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      1,653 SF

      Retail Space Near Luxury Apartments

      Retail space suitable for food and beverage operations for rent.
      40 North Congress Ave, Delray Beach, FL 33445
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      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
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      4,738 SF

      Retail Space in Delray Beach

      Community shopping center with leasable space in established trade area.
      14590-14610 S Military Trl, Delray Beach, FL 33445
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      Renovated Retail Building on Atlantic

      Freestanding retail building with expansion potential on high-traffic corridor.
      4561 West Atlantic Ave, Delray Beach, FL 33445
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      7,347 SF

      Retail Space in Delray Beach

      Community shopping center space for lease in established trade area.
      14530-14590 S Military Trl, Delray Beach, FL 33445
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    • Contact for pricing

      Flex Showroom and Warehouse Space

      Flex showroom and warehouse space with high visibility and I-95 access.
      101 S Congress Ave, Delray Beach, FL 33445
      View Details
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    Delray Beach, FL 33445-3843
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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.

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