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    821 SW 4Th Ave Delray Beach, FL 33444
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    821 SW 4Th Ave Delray Beach, FL 33444

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    • Residential land & home lots
    For Sale
    $650,000
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    Delray Beach Corner Lot Opportunity For Sale
    $650,000
    0.37 Acres

    Delray Beach Corner Lot Opportunity

    Large corner lot with redevelopment and rental income potential.

    821 SW 4th Avenue, Delray Beach, FL 33444
    View Listing
    Property ID
    US18-5689186
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential land & home lots

    Property Details for 821 SW 4Th Ave

    Property type
    Residential land & home lots

    Description

    APPROVED SHORT-SALE! PROFORMA 10-11% CAP RATE! Downtown Delray builder special! 16,030sf CORNER LOT (140ftx114ft). Great opportunity! New construction around! Existing singe-family home situated on enormous lot and features main house with 3br/2ba, garage and two additional efficiency/studio units. Potential options: 1) Redevelopment opportunity: build 1 or 2 homes; each house could have large 8,000sf+/- lots 2) Add/build ADU, 3) Combine house into large interior space to create one large home 4) Rehab & maintain same floor plan then rent out all 3 spaces; PROFORMA 10-11% CAP RATE! Excellent location near Swinton Ave; ~1 mile to the beach. Spacious yard. Walk to Swinton/Atlantic Ave, downtown! No HOA! Short-term rental potential! Located in Opportunity Zone and Delray Beach CRA District!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0766733
    Latitude
    26.4490395

    Comparable in this City

    • $650,000
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      Delray Beach Corner Lot Opportunity

      Large corner lot with redevelopment and rental income potential.
      821 SW 4Th Ave, Delray Beach, FL 33444
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    • $1,555,600
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      Two Lots in Delray Beach

      Two side-by-side lots totaling 15,556 sq ft in Delray Beach.
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      Lake Ida Prime Corner Lot

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      Delray Beach Redevelopment Opportunity

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      Delray Beach Coastal Estate Opportunity

      Corner lot with architectural plans near Atlantic Avenue and beach.
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      Prime Lot in Delray Beach

      Shovel-ready lot near Atlantic Avenue, ideal for custom home.
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    Similar Nearby for Sale

    • $650,000
      0.37 Acres

      Delray Beach Corner Lot Opportunity

      Large corner lot with redevelopment and rental income potential.
      821 SW 4Th Ave, Delray Beach, FL 33444
      View Details
    • $1,900,000
      0.30 Acres

      Delray Beach Coastal Estate Opportunity

      Corner lot with architectural plans near Atlantic Avenue and beach.
      514 NE 3Rd Ave, Delray Beach, FL 33444
      View Details
    • $899,000
      0.14 Acres

      Prime Lot in Delray Beach

      Shovel-ready lot near Atlantic Avenue, ideal for custom home.
      NE 9Th St, Delray Beach, FL 33444
      View Details
    • $1,555,600
      15,556.00 Acres

      Two Lots in Delray Beach

      Two side-by-side lots totaling 15,556 sq ft in Delray Beach.
      132 6Th Ave, Delray Beach, FL 33444
      View Details
    • New
      $3,395,000
      Pending

      Lake Ida Prime Corner Lot

      Large corner lot in Lake Ida neighborhood, nearly 3/4 acre.
      1010 Hibiscus Ln, Delray Beach, FL 33444
      View Details
    • New
      $1,675,000
      0.35 Acres

      Delray Beach Redevelopment Opportunity

      Prime double-lot near Downtown Delray Beach and Atlantic Avenue.
      1303 NE 2Nd Ave, Delray Beach, FL 33444
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Land For Lease

      Approximately 1 acre of industrial land for lease.
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    • $5,999 /Mo
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      Delray Beach Commercial Space

      Commercial space available for rent in Delray Beach, Florida.
      325 NE 2Nd Ave, Delray Beach, FL 33444
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    • $70 SF/Yr

      Delray Arts District Retail Space

      Retail space in downtown Delray's vibrant arts district.
      1133 W Atlantic Ave, Delray Beach, FL 33444
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      Delray Beach Commercial Spaces

      Flexible spaces in Delray Beach's vibrant Pineapple Grove Arts District.
      220 NE 1St St, Delray Beach, FL 33444
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      Premier Mixed-Use Development in Delray

      Fully immersed mixed-use development at Atlantic and Swinton Avenue.
      22 West Atlantic Ave, Delray Beach, FL 33444
      View Details
    View Listing
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    Delray Beach, FL 33444
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    821 SW 4Th Ave, Delray Beach, FL, 33444
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