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Property profile & analytics
FOR LEASE
Office buildings

525 NE 3Rd Ave Delray Beach, FL 33444

9,280 SF 0.95 ac lot Built 2003
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US18-3254798
Property summary
AI-generated overview

This single-tenant office building, located at 525 NE 3rd Ave in Delray Beach, Florida, offers 9,280 square feet of versatile space, currently with 2,230 square feet vacant. Built in 2003, the one-story building features a 12-foot ceiling height and is situated on a 0.95-acre lot. The property is zoned for professional offices and includes 37 parking spaces, providing ample convenience for staff and clients. The interior layout is well-suited for medical or executive office use, boasting five exam rooms, three executive offices, a spacious reception/waiting area, abundant storage and potential lab space, and two restrooms. Both front and rear entrances offer convenient access. The property benefits from excellent signage opportunities and has recently undergone updates, presenting a clean and pleasant environment. The property's address is 525 NE 3rd Ave, Delray Beach, FL 33444, near the intersection of NE 3rd Ave & Lake Ida Road. The property identification number (APN) is 12434609290130100. This is a prime opportunity for a business seeking a well-maintained, functional space in a desirable Delray Beach location. All information is believed to be accurate but is not warranted.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2003
Construction WOOD
Total area 9,280 SF
Lot 0.95 ac (41,508 SF)
Zoning code RO
APN 12-43-46-09-29-013-0100
UPID US18-3254798
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
  • ORCCA Hyperbaric Center Medical Clinic
  • Dr. Jamira Duffy Pediatrician Physician
  • Gregory Deitsch Physician
  • Tashan Jones Physician
  • Hinkle, Richter & Rhine Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.19M
Blend (final) Blend
$2.38M
Owner & transaction history
Bbdlgw LLC · 1 yrs held
Bbdlgw LLC
since 2024
2 recorded transactions
2024
Price N/A
2008
Price N/A
Zoning & alternative use
RO · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The Residential Office (RO) District provides for mixed use of a neighborhood office and residential nature and a transitional land use between a commercial or industrial area and a residential area, An incentive zoning in older residential areas which are in the need of redevelopment or revitalization or are in a state of transition

Zone name Residential Office
General category MIXED_USE
Zone area 21.23 ac
Source Realmo
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