Technical
Financial
Distress signals
Property profile

506 5th Ave Delray Beach, FL 33483

OFF-MARKET
Commercial real estate
Property ID
US18-3097568
1,506 SF 0.12 ac lot Built 1951
Trust Owned 17-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1951
Construction WOOD
Total area 1,506 SF
Lot 0.12 ac (5,310 SF)
Zoning code CBD
APN 12-43-46-09-24-000-0062
UPID US18-3097568

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
  • Hair Salon
  • Factory Textile Manufacturer
  • Medical Clinic Skin Care Clinic
  • Hair Salon
  • Hair Salon Nail Salon

Location

506 5th Ave Delray Beach, FL 33483-5618
Delray Beach metro Census 6501 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$370k

Owner & transaction history

since 2009
3 recorded transactions
2009
Price N/A
1999
$425,000
1969
Price N/A

Zoning & alternative use

CBD · Delray Beach, FL
Zoning description

The Central Business District (CBD) is established to preserve and protect the cultural and historic aspects of downtown Delray Beach and simultaneously provide for the stimulation and enhancement of the vitality and eco…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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