New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,495,000
Hotels
82 Gleason St Delray Beach, FL 33483-6926
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4364297
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1952
Construction
WOOD
Total area
5,420 SF
Lot
0.85 ac (36,826 SF)
Zoning code
RM
APN
12-43-46-16-14-003-0040
UPID
US18-4364297
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
-
Crane's Beach House Boutique Hotel & Luxury Villas Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.15M
Blend (final)
Blend
$4.50M
Owner & transaction history
Rosebud Cbh 82 LLC · 4 yrs held
Rosebud Cbh 82 LLC
since 2021
Last sale
$4.5M
6 recorded transactions
Zoning & alternative use
RM · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.7M
+193.4%
Neighborhood: shopping center
$4.9M
+116.8%
Retail stores
$4.8M
+112.3%
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
$5,320,000
ML approach
$5,320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,665,000
Change: +193% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,920,000
Change: +117% · Conversion: Difficult
RETAIL STORES
$4,820,000
Change: +112% · Conversion: Difficult
RESTAURANT
$3,740,000
Change: +65% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,715,000
Change: +64% · Conversion: Difficult
Blend value · Realmo final
$4.50M
Range $4.05M – $4.94M · ±10% · vs last sale $4.50M (Nov 12 2021)
Last sale anchor
$4.50M
Nov 12 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
$829 / 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
$70,876
Tax year 2023
Assessed value
$3,564,288
Assessed 2023
Previous assessed
$3,349,018
+6.4% YoY
Effective rate
1.99%
On assessed value
Assessed land
$2,046,800
Assessed improvement
$1,517,488
Land market value
$2,046,800
Improvement market value
$1,517,488
Total market value
$3,564,288
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1952
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
2
Units
10
Rooms
4
Bathrooms
11
Total area
5,420 SF
Lot
0.85 ac (36,826 SF)
Zoning code
RM
APN
12-43-46-16-14-003-0040
UPID
US18-4364297
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RM · Delray Beach, FL
Zoning 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
Delray Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$6.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.9M
RETAIL STORES
Est. value
$4.8M
RESTAURANT
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
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
1952
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Units
10
Rooms
4
Bathrooms
11
Lot
0.85 ac
Current owner
From public records · entity-resolved
Rosebud Cbh 82 LLC
Entity
Mailing address
82 GLEASON ST, DELRAY BEACH, FL 33483-6926
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2023
—
Rosebud Cbh 82 LLC
—
Deed
related
$2,000,000 · Jp Beach Properties LLC
Nov 12, 2021
$4,500,000
Rosebud Cbh 82 LLC
Cranes Beachhouse LLC
Warranty Deed
$7,000,000 · Northeast Bank
Jun 8, 2000
$1,215,000
Crane's Beachhouse LLC
Gleason INC
Grant Deed
$1,271,875 · Individual
Apr 21, 1999
$1,040,000
82 Gleason INC
Segien Trust
Grant Deed
$795,000 · Fidelity Fsb Florida
—
—
Cranes Beachhouse LLC
—
Deed Of Trust
related
$3,300,000 · Northern Trust Co
—
—
Cranes Beachhouse LLC
—
Deed Of Trust
related
$4,000,000 · Provident Savings 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 82 Gleason St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
