Technical
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Property profile

801 6th Ave Delray Beach, FL 33483

OFF-MARKET
Gas stations
Property ID
US18-3345333
705 SF 0.19 ac lot Built 1978
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional two-story office building, located at 801 SE 6th Ave in Delray Beach, Florida, presents a compelling investment opportunity. Boasting a prime downtown location adjacent to US-1, this 9,044 square foot property sits on a 0.69-acre lot and offers over 25 parking spaces. Currently, the building enjoys a high occupancy rate of 96%, with a diverse tenant base comprised of medical and professional practices. The ground floor encompasses 4,522 square feet of well-maintained space. One 600 square foot office space is currently available, providing the new owner with the flexibility to either lease it or utilize it for their own business needs. The building is in excellent condition, featuring a recently updated roof and air conditioning system, ensuring minimal maintenance costs for the foreseeable future. The property's strategic location, high occupancy, and strong tenant mix make it an attractive investment in the thriving Delray Beach market. The asking price is $3,500,000. This is a rare opportunity to acquire a well-maintained, high-performing office building in a highly desirable location. The zip code is 33483, and the property is situated in Palm Beach County.

Property profile

Verified
Property type Gas stations
Use group SERVICE STATION (FULL SERVICE)
Year built 1978
Construction STEEL FRAME
Total area 705 SF
Lot 0.19 ac (8,124 SF)
Zoning code GC
APN 12-43-46-09-16-002-0010
UPID US18-3345333

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
  • Alternative Medicine Practice
  • Dental Office
  • Construction Company General Contractor
  • Alternative Medicine Practice
  • Dental Office

Location

801 6th Ave Delray Beach, FL 33483-5734
Delray Beach metro Census 6401 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2015
3 recorded transactions
2020
Price N/A
2015
Price N/A
1969
Price N/A

Zoning & alternative use

GC · Delray Beach, FL
Zoning description

The General Commercial (GC) District provides basic regulations for small parcels which are best suited for general retail and office uses. In addition, this district has regulations in the Four Corners Overlay District…

General category MIXED_USE

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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