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Property profile & analytics
OFF-MARKET
Estimated value
$2,215,000
Retail space
85 6th Ave Delray Beach, FL 33483-5313
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-1373391
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1907
Construction
WOOD
Total area
1,574 SF
Lot
0.39 ac (16,910 SF)
Zoning code
CBD
APN
12-43-46-16-01-117-0120
UPID
US18-1373391
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
-
Velda Lyons Marriage Or Relationship Counselor Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.26M
Blend (final)
Blend
$2.22M
Owner & transaction history
Delray One LLC · 5 yrs held
Delray One LLC
since 2020
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
CBD · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+38.2%
Neighborhood: shopping center
$1.4M
+2.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,400,000
Current use
COMMERCIAL (GENERAL)
$1,935,000
Change: +38% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,430,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$2.22M
Range $1.99M – $2.44M · ±10% · vs last sale $2.50M (Nov 25 2020)
Last sale anchor
$2.50M
Nov 25 2020
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
$1,407 / 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
$46,113
Tax year 2023
Assessed value
$2,187,242
Assessed 2023
Previous assessed
$2,069,130
+5.7% YoY
Effective rate
2.11%
On assessed value
Assessed land
$1,846,354
Assessed improvement
$340,888
Land market value
$1,846,354
Improvement market value
$340,888
Total market value
$2,187,242
Applied tax rate
88,984.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1907
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
2
Units
1
Bathrooms
3
Total area
1,574 SF
Lot
0.39 ac (16,910 SF)
Zoning code
CBD
APN
12-43-46-16-01-117-0120
UPID
US18-1373391
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CBD · Delray Beach, FL
Zoning CBD · permitted uses
CBD · 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
RETAIL STORES Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1907
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Units
1
Bathrooms
3
Lot
0.39 ac
Current owner
From public records · entity-resolved
Delray One LLC
Entity
Mailing address
11975 W SAMPLE RD, POMPANO BEACH, FL 33065-3100
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2020
$2,500,000
Delray One LLC
131 Master Mind LLC
Special Warranty Deed
$2,000,000 · Flagler Bank
Sep 21, 2020
$2,000,000
Master Mind LLC
Yellow Building LLC
Grant Deed
—
Nov 21, 2018
—
Corner Porch LLC
—
Trustees Deed
related
$33,583 · Yellow House Of Delray LLC
Aug 4, 2017
—
Yellow Building LLC
—
Grant Deed
related
$34,000,000 · Bank Of America
May 20, 2003
$210,000
Ronald J Price
Meigs,robert S & Karrie
Grant Deed
$168,000 · Novastar Home Mortgage INC
Jul 14, 2000
$850,000
Yellow Building LLC
Dee Car Realty Ltd
Grant Deed
—
Jun 23, 1997
$462,000
Dee Car Realty Ltd
Bonchak,michael D
Grant Deed
$200,000 · Seller
—
—
Dee Car Realty Ltd
—
Deed Of Trust
related
$325,000 · Southtrust Bank NA
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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