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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Residential income homes
717 1st St Delray Beach, FL 33483-5451
Entity Owned
18-yr Hold
Property ID
US18-9640503
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1943
Construction
CONCRETE
Total area
1,386 SF
Lot
0.54 ac (23,479 SF)
Zoning code
RM
APN
12-43-46-16-10-000-0010
UPID
US18-9640503
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$680k
CAP Approach
CAP
$355k
Comparable Approach
Comparable
$597k
Blend (final)
Blend
$545k
Owner & transaction history
Harbour View Apartments LLC · 18 yrs held
Harbour View Apartments LLC
since 2007
7 recorded transactions
Zoning & alternative use
RM · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Medium Density Residential (RM) District is a residential zoning district with flexible densities having a base of six units per acre and a maximum standard density of 12 units per acre, with a maximum incentive density of 24 units per acre in designated areas
Zone name
Multi Family Residential Medium Density
General category
RESIDENTIAL
Zone area
1,691.21 ac
Source
Realmo
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
by Request
ML approach
$680,000
CAP Approach
CAP Return
Estimation
6%
$385,000
6.5%
$355,000
7%
$330,000
Blend value · Realmo final
$545k
Range $491k – $600k · ±10%
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
$393 / 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
$46,789
Tax year 2023
Assessed value
$2,344,160
Assessed 2023
Previous assessed
$2,344,160
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$1,470,000
Assessed improvement
$874,160
Land market value
$1,470,000
Improvement market value
$874,160
Total market value
$2,344,160
Applied tax rate
12,984.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1943
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
3
Stories
2
Units
4
Rooms
12
Bathrooms
11
Total area
1,386 SF
Lot
0.54 ac (23,479 SF)
Zoning code
RM
APN
12-43-46-16-10-000-0010
UPID
US18-9640503
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RM · Delray Beach, FLZoning RM · permitted uses
RM · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Medium Density Residential (RM) District is a residential zoning district with flexible densities having a base of six units per acre and a maximum standard density of 12 units per acre, with a maximum incentive density of 24 units per acre in designated areas
Zone name
Multi Family Residential Medium Density
General category
RESIDENTIAL
Zone area
1,691.21 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1943
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Units
4
Rooms
12
Bathrooms
11
Lot
0.54 ac
Current owner
From public records · entity-resolved
Harbour View Apartments LLC
Entity
Mailing address
6499 POWERLINE RD STE #301, FORT LAUDERDALE, FL 33309-2044
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2007
$1,500,000
Harbour View Apartments LLC
Triumph Ents INC
Warranty Deed
—
May 17, 2001
$1,260,000
Triumph Enterprises INC
Marine Way LLC
Grant Deed
$945,000 · World Savings Bank
Jun 1, 2000
$2,725,000
Marine Way LLC
Ocean Sand Properties Lc
Grant Deed
$806,825 · Suntrust Bank NA
Sep 9, 1997
$1,509,000
Ocean Sand Properties Lc
Waterway Of Florida LP
Grant Deed
—
—
—
Plantation Nw 5th Street LLC
—
Deed Of Trust
related
$1,700,000 · Northern Trust Co
—
—
Harbour View Apartments LLC
—
Loan Modification
related
$516,552 · Northern Tr
—
—
Triumph Ents INC
—
Deed Of Trust
related
$1,900,000 · N&m Realty Investments INC
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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