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Property profile & analytics
OFF-MARKET
Estimated value
$6,220,000
Medical Office Space
800 17th Ave Delray Beach, FL 33445-2581
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-4030006
Property summary
AI-generated overview
This exceptional Delray Beach warehouse, located at 800 SW 17th Ave, presents a compelling investment opportunity. Boasting 7,497 square feet of versatile space, this freestanding building sits on a sizable 0.64-acre lot, fully fenced for enhanced security. The property features eight grade-level doors, facilitating efficient loading and unloading, and boasts impressive 18-foot ceilings, ideal for various commercial and industrial uses. The inclusion of a secure outdoor storage area adds significant value, providing ample space for both indoor and outdoor operations. This multi-tenant property is currently available for a modified lease. Situated in the thriving commercial landscape of Delray Beach, Florida (zip code 33444), this warehouse offers immediate functionality and substantial long-term potential. The asking price is $2,545,000. This property is categorized as Industrial, Retail, and Self Storage, with a warehouse subtype. All information is believed to be accurate but should be independently verified.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1999
Construction
CONCRETE
Total area
19,478 SF
Lot
4.39 ac (191,093 SF)
Zoning code
PCC
APN
12-43-46-07-35-018-0020
UPID
US18-4030006
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
-
Care Purchasing Services (CPS) Business Management Consultant
-
Centrali Marble and Woodwork Kitchen & Bath Showroom Hardware & Home Improvement
-
Brain Matters Research Diagnostic Center Medical Center
-
Dr. Mark L. Brody, MD Physician Medical Clinic
-
Systems Design & Development IT Consulting Firm (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.71M
CAP Approach
CAP
$3.95M
Comparable Approach
Comparable
$5.65M
Blend (final)
Blend
$6.22M
Owner & transaction history
800 Nw 17th Ave Reality LLC · 3 yrs held
800 Nw 17th Ave Reality LLC
since 2023
Last sale
$6.5M
5 recorded transactions
Zoning & alternative use
PCC · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The PCC District regulations provide for a mix of light industrial, service industrial, research and development, office, and limited commercial use in an Industrial Park setting which is planned and then controlled through a Master Development Plan
Zone name
Planned Commerce Center
General category
INDUSTRIAL
Zone area
61.70 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$9.6M
+25.3%
Office building
$9.2M
+19.4%
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
$5,780,000
ML approach
$6,705,000
CAP Approach
CAP Return
Estimation
6%
$4,275,000
6.5%
$3,950,000
7%
$3,665,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$7,675,000
Current use
AUTO REPAIR, GARAGE
$9,620,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$9,170,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$6.22M
Range $5.60M – $6.84M · ±10% · vs last sale $6.49M (Jul 6 2023)
Last sale anchor
$6.49M
Jul 6 2023
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
$319 / 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
$97,618
Tax year 2023
Assessed value
$4,847,717
Assessed 2023
Previous assessed
$4,430,681
+9.4% YoY
Effective rate
2.01%
On assessed value
Assessed land
$1,664,968
Assessed improvement
$3,182,749
Land market value
$1,664,968
Improvement market value
$3,182,749
Total market value
$4,847,717
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
19,478 SF
Lot
4.39 ac (191,093 SF)
Zoning code
PCC
APN
12-43-46-07-35-018-0020
UPID
US18-4030006
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PCC · Delray Beach, FLZoning PCC · permitted uses
PCC · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The PCC District regulations provide for a mix of light industrial, service industrial, research and development, office, and limited commercial use in an Industrial Park setting which is planned and then controlled through a Master Development Plan
Zone name
Planned Commerce Center
General category
INDUSTRIAL
Zone area
61.70 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$7.7M
AUTO REPAIR, GARAGE
Est. value
$9.6M
OFFICE BUILDING
Est. value
$9.2M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1999
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
4.39 ac
Current owner
From public records · entity-resolved
800 Nw 17th Ave Reality LLC
Entity
Free & Clear · 3 yrs held
Mailing address
7851 WATERFORD ISLE LN, DELRAY BEACH, FL 33446-2190
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2023
$6,485,875
800 Nw 17th Ave Reality LLC
Mgreddy Group LLC
Special Warranty Deed
—
Apr 13, 2022
$6,500,000
Mgreddy Group LLC
Brain Matters Properties LLC
Warranty Deed
$3,375,000 · Bankunited NA
Jul 3, 2014
$3,400,000
Brain Matters Properties LLC
Hhcs Real Estate LLC
Warranty Deed
$3,060,000 · First Citizens Bank & Trust Co
—
—
Hhcs Real Estate INC
—
Deed Of Trust
related
$2,400,000 · Wells Fargo Bank
—
—
Hhcs Real Estate LLC
—
Deed Of Trust
related
—
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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