Technical
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Property profile

5300 Atlantic Ave Delray Beach, FL 33484

OFF-MARKET
Office buildings
Property ID
US18-2012034
53,733 SF 3.38 ac lot Built 1983
Entity Owned 21-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional sublet opportunity presents 53,733 square feet of office space located on the second floor of the prestigious Bank United Building in Delray Beach, Florida. The space is immediately available upon owner approval and boasts a single-tenant occupancy, ideal for a company seeking a substantial and well-appointed workspace. The property is zoned POC(ci) and features a convenient location off Atlantic Avenue. Utilities are included in the rental price, offering significant cost savings. Included in the lease are cable and internet services, as well as electricity. The space is move-in ready, offering immediate occupancy. Furthermore, tenants will benefit from access to shared amenities, including a foyer/reception area and a shared conference room, enhancing productivity and collaboration. The property's APN is 12424614010000010. This is a rare opportunity to secure a large, well-equipped office space in a prime Delray Beach location with all utilities included, making it an attractive option for businesses seeking immediate occupancy and a streamlined move. The building consists of only one suite, ensuring a private and secure environment. The lot size is not specified. This turnkey solution allows businesses to focus on their operations without the hassle of setup and utility negotiations.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1983
Construction STEEL FRAME
Total area 53,733 SF
Lot 3.38 ac (147,385 SF)
Zoning code POC
APN 12-42-46-14-01-000-0010
UPID US18-2012034

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
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Psychotherapist Counselor
  • Insurance Agency
  • Property Management Company Office Space Rental Agency

Location

5300 Atlantic Ave Delray Beach, FL 33484-8165
Delray Beach metro Census 5957 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$14.94M
Blend (final) Blend
$11.58M

Owner & transaction history

since 2005
4 recorded transactions
2022
Price N/A
2005
$6.3M
1997
$990,000
1969
Price N/A

Zoning & alternative use

POC · Delray Beach, FL
Zoning description

The Planned Office Center (POC) District provides for the concentration of office and support uses in a well-planned and managed environment. It is not intended that the District be for commercial activities in which goo…

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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