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Property profile & analytics
OFF-MARKET
Estimated value
$4,790,000
Retail space
9 2nd Ave Delray Beach, FL 33444-3701
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-2221531
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Construction
CONCRETE
Total area
3,120 SF
Lot
0.08 ac (3,437 SF)
Zoning code
CBD
APN
12-43-46-16-01-084-0081
UPID
US18-2221531
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
-
Brendy’s Ice Cream & Yogurt Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.47M
Blend (final)
Blend
$4.79M
Owner & transaction history
Twelve Bridges V LLC · 3 yrs held
Twelve Bridges V LLC
since 2023
Last sale
$5.0M
4 recorded transactions
Zoning & alternative use
CBD · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,470,000
ML approach
$4,980,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.79M
Range $4.31M – $5.27M · ±10% · vs last sale $5.01M (Feb 14 2023)
Last sale anchor
$5.01M
Feb 14 2023
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
$1,535 / 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
$42,359
Tax year 2023
Assessed value
$2,138,222
Assessed 2023
Previous assessed
$1,907,339
+12.1% YoY
Effective rate
1.98%
On assessed value
Assessed land
$1,427,552
Assessed improvement
$710,670
Land market value
$1,427,552
Improvement market value
$710,670
Total market value
$2,138,222
Applied tax rate
88,987.0000
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
1960
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
3,120 SF
Lot
0.08 ac (3,437 SF)
Zoning code
CBD
APN
12-43-46-16-01-084-0081
UPID
US18-2221531
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.
Building & site characteristics
From public records
Year built
1960
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Twelve Bridges V LLC
Entity
Free & Clear · 3 yrs held
Mailing address
114 NE 1ST AVE, DELRAY BEACH, FL 33444-3713
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2023
$5,014,691
Twelve Bridges V LLC
Pineapple Grove Investment Group Ll
Special Warranty Deed
—
Jan 9, 2015
—
Leviathan Land Group INC|pineapple Grove Inv Group
—
Grant Deed
related
$7,750,000 · Florida Cmnty Bk
Jan 4, 2011
$850,000
Pineapple Grove Inv Group LLC
Santano,suzanne
Grant Deed
$600,000 · Suzanne Santano
Jun 19, 2009
—
Suzanne Santano
Santano,suzanne
Quit Claim Deed
related
—
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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