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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Banks
505 6th Ave 19 Delray Beach, FL 33483-5263
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2584957
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1988
Construction
CONCRETE BLOCKS
Total area
1,540 SF
APN
12-43-46-21-56-000-0190
UPID
US18-2584957
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
-
Dr. Marissa Matthews Dental Office
-
Mr. Robert Depalma Dental Office
-
OMS Associates-Oral & Maxillofacial Surgery- Dr. Heidi Mederos Dental Office
-
Thomas P. Hughes, DDS Dental Office
-
Delray Beach Laser Periodontics and Implants, P.A. Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$581k
Blend (final)
Blend
$600k
Owner & transaction history
Omsa 505 Re LLC · 3 yrs held
Omsa 505 Re LLC
since 2022
Last sale
$600,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$760,000
+33.7%
Office building
$725,000
+27.4%
Medical building
$605,000
+6.7%
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
$615,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$570,000
Current use
AUTO REPAIR, GARAGE
$760,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$725,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$605,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$525,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Oct 3 2022)
Last sale anchor
$600k
Oct 3 2022
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
$390 / 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
$9,333
Tax year 2023
Assessed value
$468,161
Assessed 2023
Previous assessed
$289,675
+61.6% YoY
Effective rate
1.99%
On assessed value
Assessed improvement
$468,161
Improvement market value
$468,161
Total market value
$468,161
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1988
Construction
CONCRETE BLOCKS
Heating
NONE
Total area
1,540 SF
APN
12-43-46-21-56-000-0190
UPID
US18-2584957
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$570,000
AUTO REPAIR, GARAGE
Est. value
$760,000
OFFICE BUILDING
Est. value
$725,000
MEDICAL BUILDING
Est. value
$605,000
WAREHOUSE, STORAGE
Est. value
$525,000
FINANCIAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1988
Construction
CONCRETE BLOCKS
Heating
NONE
Current owner
From public records · entity-resolved
Omsa 505 Re LLC
Entity
Mailing address
505 SE 6TH AVE STE #5, DELRAY BEACH, FL 33483-5263
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2022
$600,000
Omsa 505 Re LLC
Delray 505 Re LLC
Warranty Deed
$480,000 · Pnc Bank NA
Oct 6, 2014
$146,000
Delray 505 Re LLC
Omsa Delray Beach Pa
Special Warranty Deed
—
Jun 7, 2011
$280,000
Omsa Delray Beach Pa
Patricia S Shapins
Warranty Deed
$470,000 · Suntrust Bank
Apr 27, 2010
—
Shapins Frank D Credit S Trust
Shapins,patricia S
Quit Claim Deed
related
—
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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