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Property profile & analytics
OFF-MARKET
Estimated value
$6,350,000
Banks
525 7th St Delray Beach, FL 33483-5706
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-8591851
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2011
Construction
CONCRETE
Total area
4,371 SF
Lot
1.31 ac (57,151 SF)
Zoning code
CBD
APN
12-43-46-09-90-003-0000
UPID
US18-8591851
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
-
Chase Bank Bank Loan Service
-
Chase Mortgage Loan Service Bank
-
Chase ATM Atm
-
ATM (Chase Bank) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.35M
Owner & transaction history
525 Ne 7th Street Chs Delray LLC · 2 yrs held
525 Ne 7th Street Chs Delray LLC
since 2024
Last sale
$6.4M
2 recorded transactions
Zoning & alternative use
CBD · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.4M
+232.8%
Neighborhood: shopping center
$4.0M
+145.8%
Retail stores
$3.9M
+140.8%
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
$6,350,000
ML approach
$6,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,375,000
Change: +233% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,970,000
Change: +146% · Conversion: Difficult
RETAIL STORES
$3,890,000
Change: +141% · Conversion: Difficult
Blend value · Realmo final
$6.35M
Range $5.72M – $6.99M · ±10% · vs last sale $6.35M (Mar 4 2024)
Last sale anchor
$6.35M
Mar 4 2024
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
$1,453 / 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
$62,666
Tax year 2023
Assessed value
$3,212,738
Assessed 2023
Previous assessed
$3,212,738
+0.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$1,987,071
Assessed improvement
$1,225,667
Land market value
$1,987,071
Improvement market value
$1,225,667
Total market value
$3,212,738
Applied tax rate
12,987.0000
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
2011
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
4,371 SF
Lot
1.31 ac (57,151 SF)
Zoning code
CBD
APN
12-43-46-09-90-003-0000
UPID
US18-8591851
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CBD · Delray Beach, FL
Zoning CBD · permitted uses
CBD · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Delray Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$5.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
RETAIL STORES
Est. value
$3.9M
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2011
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.31 ac
Current owner
From public records · entity-resolved
525 Ne 7th Street Chs Delray LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4800 N FEDERAL HWY STE 302E, BOCA RATON, FL 33431-3416
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2024
$6,350,000
525 Ne 7th Street Chs Delray LLC
700707 North Ltd
Special Warranty Deed
—
Mar 17, 2009
$4,800,000
Centres Delray LLC
700/707 North Ltd
Grant Deed
$7,472,000 · City National Bank Of Florida
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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