Property profile

82 Gleason St Delray Beach, FL 33483

OFF-MARKET
Hotels
Property ID
US18-4364297
5,420 SF 0.85 ac lot Built 1952
Entity Owned 4-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

82 Gleason St Delray Beach, FL 33483-6926
Delray Beach metro Census 7410 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.32M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.15M
Blend (final) Blend
$5.32M

Owner & transaction history

since 2021
Last sale
$4.5M
6 recorded transactions
2023
Price N/A
2021
$4.5M
2000
$1.2M
1999
$1.0M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

RM · Delray Beach, FL
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 dens…

General category RESIDENTIAL
Top alternative use upside
Commercial (general) $6.7M +193.4%
Neighborhood: shopping center $4.9M +116.8%
Retail stores $4.8M +112.3%

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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