Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    505 6th Ave, Unit 4 Delray Beach, FL 33483-5263

    • Banks
    • 1,414 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3633502
    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

    • 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

    Property Details for 505 6th Ave

    Year built
    1988
    Construction
    CONCRETE BLOCKS
    Property size
    1,414 SF
    Property type
    Banks
    APN
    12-43-46-21-56-000-0040
    APU
    12434621560000040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0665
    Latitude
    26.4532
    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
    $6,725
    $0.00
    $429,857
    $429,857
    -
    $0.00
    $429,857
    $429,857

    Comparable in this City

    • Value Estimation
      $570,000
      3,430 SF

      1755 Federal Hwy

      FINANCIAL BUILDING • 3,430 SF
      1755 Federal Hwy, Delray Beach, FL 33483-3308
      View Details
    • Value Estimation
      $2,505,000
      6,902 SF

      25 3rd Ave

      FINANCIAL BUILDING • 6,902 SF
      25 3rd Ave, Delray Beach, FL 33483-4684
      View Details
    • Value Estimation
      $860,000
      1,496 SF

      27 3rd Ave

      FINANCIAL BUILDING • 1,496 SF
      27 3rd Ave, Delray Beach, FL 33483
      View Details
    • Value Estimation
      $6,195,000
      11,144 SF

      109 5th Ave

      FINANCIAL BUILDING • 11,144 SF
      109 5th Ave, Delray Beach, FL 33483-5204
      View Details
    • Value Estimation
      $5,530,000
      21,940 SF

      1001 Atlantic Ave

      FINANCIAL BUILDING • 21,940 SF
      1001 Atlantic Ave, Delray Beach, FL 33483-6974
      View Details
    • Value Estimation by Request
      2,650 SF

      140 Linton Blvd

      FINANCIAL BUILDING • 2,650 SF
      140 Linton Blvd, Delray Beach, FL 33483-3302
      View Details

    Similar Nearby for Sale

    • $1,425,000
      705 SF

      Delray Beach Commercial Property For Sale

      Freestanding commercial property in downtown Delray Beach, Florida.
      75 SE 4Th Ave, Delray Beach, FL 33483
      View Details
    • $535,000

      Retail Space in Delray Beach

      Retail space with heavy traffic and covered parking.
      103 SE 4Th Ave, Delray Beach, FL 33483
      View Details
    • $2,100,000
      1,876 SF

      Retail Property in Delray Beach

      Retail property available for sale in Delray Beach, Florida.
      1710 W Atlantic Ave, Delray Beach, FL 33483
      View Details
    • $3,955,000
      2,902 SF

      Restaurant Anchored Mixed-Use Property

      Mixed-use property with restaurant and office space in Delray Beach.
      504 E Atlantic Ave, Delray Beach, FL 33483
      View Details
    • $6,400,000

      Prime Delray Beach Development Site

      CBD Location, Multi-Use Potential, $6.4M
      375 2Nd Ave, Delray Beach, FL 33483
      View Details
    • $1,000,000

      Approved Lot for Modern Office

      Lot approved for modern office building with parking.
      1000 N Old Dixie Hwy, Delray Beach, FL 33483
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,130 SF

      Delray Beach Medspa Endcap Space

      Built-out medspa space in East Delray Beach for rent.
      25-53 SE 4Th Ave, Delray Beach, FL 33483
      View Details
    • $35 SF/Yr
      900 SF

      Retail Space in Delray Beach

      900 SF retail space available for rent in Delray Beach.
      851 SE 6Th Ave, Delray Beach, FL 33483
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Delray Beach

      Retail property in a high-traffic Delray Beach location.
      6642-6580 Atlantic Ave, Delray Beach, FL 33483
      View Details
    • Contact for pricing
      5,660 SF

      Retail Space on Federal Highway

      Retail space available on North Federal Highway in Delray Beach.
      1310-1350 N Federal Hwy, Delray Beach, FL 33483
      View Details
    • $6,500 /Mo

      Renovated Storefront in Prime Location

      Renovated storefront with parking in a prime location.
      280 NE 6Th Ave, Delray Beach, FL 33483
      View Details
    • $2,400,000
      3,000 SF

      Delray Beach Retail Investment Property

      Income-producing retail property with a long-term tenant in place.
      246 NE 6Th Ave, Delray Beach, FL 33483
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    505 6th Ave, Unit 4
    Delray Beach, FL 33483-5263
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.