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    851 SE 6Th Ave Delray Beach, FL 33483
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    851 SE 6Th Ave Delray Beach, FL 33483

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    • Strip malls
    • 10,370 SF
    • 0.62 lot acres
    For Lease
    $1,500,000
    View Listing →
    Retail Strip Center in Delray For Lease
    $1,500,000
    10,379 SF

    Retail Strip Center in Delray

    Prime retail space on Federal Highway in Delray Beach.

    851 SE 6th Ave, Delray Beach, FL 33483
    View Listing
    Property ID
    US18-3292899
    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

    • Rasato Fine Grooming / Barber Shop
    • Golden Spa & Massage / Alternative Medicine Practice / Spa & Massage Center
    • Ink Boss Tattoo Studios / Tattoo & Piercing Shop
    • Island Vibes Kava Bar Delray / Bar & Pub / Nightclub
    • uBreakiFix - Phone and Computer Repair / Tech Support Center / IT Consulting Firm

    Property Details for 851 SE 6Th Ave

    Year built
    2001
    Construction
    CONCRETE
    Lot size
    0.62 lot acres
    Property size
    10,370 SF
    Zone code
    CBD
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    12-43-46-21-04-002-0030
    APU
    12434621040020030

    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
    -80.0666
    Latitude
    26.4493
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $61,592
    $1,417,553
    $1,899,110
    $3,316,663
    -
    $1,417,553
    $1,899,110
    $3,316,663

    Comparable in this City

    • Value Estimation
      $520,000
      3,055 SF

      153 4th Ave

      SHOPPING CENTER, STRIP CENTER • 3,055 SF
      153 4th Ave, Delray Beach, FL 33483-4530
      View Details
    • Value Estimation
      $3,660,000
      12,410 SF

      2000 Federal Hwy

      SHOPPING CENTER, STRIP CENTER • 12,410 SF
      2000 Federal Hwy, Delray Beach, FL 33483-6010
      View Details
    • Value Estimation
      $1,245,000
      8,521 SF

      1840 Federal Hwy

      SHOPPING CENTER, STRIP CENTER • 8,521 SF
      1840 Federal Hwy, Delray Beach, FL 33483-3311
      View Details
    • Value Estimation
      $6,300,000
      26,540 SF

      3100 Federal Hwy

      SHOPPING CENTER, STRIP CENTER • 26,540 SF
      3100 Federal Hwy, Delray Beach, FL 33483-3299
      View Details
    • Value Estimation
      $2,105,000
      8,958 SF

      901 George Bush Blvd

      SHOPPING CENTER, STRIP CENTER • 8,958 SF
      901 George Bush Blvd, Delray Beach, FL 33483-5720
      View Details
    • Value Estimation
      $1,210,000
      8,216 SF

      885 6th Ave

      SHOPPING CENTER, STRIP CENTER • 8,216 SF
      885 6th Ave, Delray Beach, FL 33483-5184
      View Details

    Similar Nearby for Sale

    • $1,875,000
      1,876 SF

      Retail Property in Delray Beach

      Retail property available for sale in Delray Beach, Florida.
      1710 W Atlantic Ave, Delray Beach, FL 33483
      View Details
    • $3,955,000
      2,902 SF

      Restaurant Anchored Mixed-Use Property

      Mixed-use property with restaurant and office space in Delray Beach.
      504 E Atlantic Ave, Delray Beach, FL 33483
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    Similar Nearby for Lease

    • Contact for pricing

      Retail and Office Space Available

      Retail/office property in desirable Delray Bay location.
      200 Lindell Blvd, Delray Beach, FL 33483
      View Details
    • Contact for pricing
      3,264 SF

      Retail Space in Delray Beach

      Retail property in a high-traffic Delray Beach location.
      6642-6580 Atlantic Ave, Delray Beach, FL 33483
      View Details
    • Contact for pricing
      5,660 SF

      Retail Space on Federal Highway

      Retail space available on North Federal Highway in Delray Beach.
      1310-1350 N Federal Hwy, Delray Beach, FL 33483
      View Details
    • Contact for pricing

      Retail Strip Center in Delray

      Prime retail space on Federal Highway in Delray Beach.
      851 SE 6Th Ave, Delray Beach, FL 33483
      View Details
    • Contact for pricing

      Retail Space in Atlantic Crossing

      Retail space available in vibrant, walkable Delray Beach location.
      609 East Atlantic Ave, Delray Beach, FL 33483
      View Details
    • Contact for pricing
      2,130 SF

      Delray Beach Medspa Endcap Space

      Built-out medspa space in East Delray Beach for rent.
      25-53 SE 4Th Ave, Delray Beach, FL 33483
      View Details
    View Listing
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    Delray Beach, FL 33483
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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.

    More about this property
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