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500 Gulfstream Blvd, Delray Beach, FL 33483
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Property summary
AI-generated overview
This office property is located at 500 Gulfstream Blvd., Palm Beach, Florida 33483, within the Gulfstream Professional Building, a two-story structure. The building provides on-site parking and is situated on Gulfstream Boulevard, west of Federal Highway, offering access to nearby shopping, transportation, lodging, dining, beaches, and hospitals. Suite 209 is configured as office space containing 1,134 RSF. The property is centrally located in the area between Downtown Delray Beach and Boynton Beach.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1982
Construction
CONCRETE
Total area
24,904 SF
Lot
1.43 ac (62,291 SF)
Zoning code
C3
APN
08-43-46-04-08-000-0202
UPID
US18-4206022
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Telecommunications Service General Contractor
-
Physician
-
Factory Production Facility
-
Association Or Organization
-
Construction Company General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.72M
Blend (final)
Blend
$3.48M
Owner & transaction history
since 2023
Last sale
$3.9M
2 recorded transactions
Zoning & alternative use
C3 · Delray Beach, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 7 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.48M
Value range
$3.13M – $3.82M
±10% around blend
Estimated value / SF
$140 / SF
Confidence
High
7 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
70
Income certainty
100
$3.13M
blend $3.48M
$3.82M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
24,904 SF
Lot area
1.43 ac
Year built
1982
Stories
2
APN
08-43-46-04-08-000-0202
Zoning
C3
Assessed value
$3,614,864
Annual tax
$82,056
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$82,056
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$7.99M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.1 mi away · 27,422 SF
17.7 mi away · 19,274 SF
18.0 mi away · 29,518 SF
18.0 mi away · 19,344 SF
24.3 mi away · 17,644 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.48M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 50 sales
$471
-70%
County 950 sales
$397
-65%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $140/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$429k
Move the market yield to see immediate price impact.
Value / SF
$17
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$27k
$541k
$386k
$301k
$30k
$601k
$429k
$334k
$33k
$661k
$472k
$367k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$8.50M
7.4 mi · Feb 2026 · $435/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$82,056
Tax year 2023
Assessed value
$3,614,864
Assessed 2023
Previous assessed
$3,373,463
+7.2% YoY
Effective rate
2.27%
On assessed value
Assessed land
$891,283
Assessed improvement
$2,723,581
Land market value
$891,283
Improvement market value
$2,723,581
Total market value
$3,614,864
Applied tax rate
8,987.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1982
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
24,904 SF
Lot
1.43 ac (62,291 SF)
Zoning code
C3
APN
08-43-46-04-08-000-0202
UPID
US18-4206022
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C3 · Delray Beach, FLZoning C3 · permitted uses
C3 · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1982
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.43 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C3
Jurisdiction
Delray Beach, FL
Recorded code
C3
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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