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Property profile & analytics
OFF-MARKET
Estimated value
$5,285,000
Automotive properties
777 Palm Trl Delray Beach, FL 33483-5732
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-4302573
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1958
Construction
WOOD
Total area
6,259 SF
Lot
1.2 ac (52,067 SF)
Zoning code
SAD
APN
12-43-46-09-39-000-0062
UPID
US18-4302573
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
-
Gulfstream Yacht Sales (Bike/Boat/Book/etc) Store
-
Boatsetter- Delray Boat Rentals Boat Rental Service
-
Gulfstream Boat Club Boat Club Fishing Charter
-
Marina Delray Inc Marina
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.29M
Owner & transaction history
Popstroke Land Delray Beach LLC · 5 yrs held
Popstroke Land Delray Beach LLC
since 2021
Last sale
$4.9M
1 recorded transaction
Zoning & alternative use
SAD · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Special Activities District (SAD) is established to provide a zone district appropriate for developments not otherwise classified or categorized in other districts; or, cannot be properly accommodated in any other zone district. The SAD is to be used for large scale and mixed-use developments for which conventional zoning and development standards are no…
Zone name
Special Activities District
General category
MIXED_USE
Zone area
235.55 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$7.7M
+148.9%
Neighborhood: shopping center
$5.7M
+83.9%
Retail stores
$5.6M
+80.1%
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
$5,795,000
ML approach
$5,545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,695,000
Change: +149% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$5,685,000
Change: +84% · Conversion: Difficult
RETAIL STORES
$5,570,000
Change: +80% · Conversion: Difficult
RESTAURANT
$4,320,000
Change: +40% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,290,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$5.29M
Range $4.76M – $5.81M · ±10% · vs last sale $4.90M (May 21 2021)
Last sale anchor
$4.90M
May 21 2021
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
$844 / 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
$44,618
Tax year 2023
Assessed value
$2,246,368
Assessed 2023
Previous assessed
$2,190,288
+2.6% YoY
Effective rate
1.99%
On assessed value
Assessed land
$1,836,800
Assessed improvement
$409,568
Land market value
$1,836,800
Improvement market value
$409,568
Total market value
$2,246,368
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1958
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Total area
6,259 SF
Lot
1.2 ac (52,067 SF)
Zoning code
SAD
APN
12-43-46-09-39-000-0062
UPID
US18-4302573
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
SAD · Delray Beach, FLZoning SAD · permitted uses
SAD · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Special Activities District (SAD) is established to provide a zone district appropriate for developments not otherwise classified or categorized in other districts; or, cannot be properly accommodated in any other zone district. The SAD is to be used for large scale and mixed-use developments for which conventional zoning and development standards are not appropriate
Zone name
Special Activities District
General category
MIXED_USE
Zone area
235.55 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$7.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.7M
RETAIL STORES
Est. value
$5.6M
RESTAURANT
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1958
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.2 ac
Current owner
From public records · entity-resolved
Popstroke Land Delray Beach LLC
Entity
Mailing address
777 PALM TRL, DELRAY BEACH, FL 33483-5732
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2021
$4,900,000
Popstroke Land Delray Beach LLC
Mogup LLC
Warranty Deed
$3,430,000 · Synovus Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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