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Property profile & analytics
FOR LEASE
Banks
909 SE 5Th Ave, Delray Beach, FL 33483
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-0085947
For Lease
1 / 10
$30 SF/Yr
909 SE 5Th Ave, Delray Beach, FL 33483
View Listing →
Property summary
AI-generated overview
This exceptional 1,812 square foot office suite is located on the second floor of the SouthState Bank Building at 909 SE 5th Avenue in Delray Beach, Florida, 33483. The property is a single-tenant space within a larger building totaling 10,056 square feet. This Class A office suite boasts eight private offices, a spacious conference room, a convenient coffee bar, a welcoming lobby, and shared kitchen and bathroom facilities. The suite is part of a building zoned for General Commercial use within the City of Delray Beach, Palm Beach County. Its highly visible location offers excellent exposure, situated near the intersection of SE 5th Avenue, Federal Highway, and SE 9th Street. The building provides a parking ratio of 3.5 spaces per 1,000 square feet. This location offers easy access to major transportation arteries, including I-95, Linton Boulevard, and Atlantic Avenue, making it an ideal location for businesses seeking convenient access and high visibility. The property is classified as both Creative and Traditional Office space.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2005
Construction
CONCRETE
Total area
10,056 SF
Lot
0.75 ac (32,849 SF)
Zoning code
CBD
APN
12-43-46-21-62-000-0021
UPID
US18-0085947
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
-
Maverick Medical Claims Medical Clinic
-
New Century Companies, LLC Construction Company General Contractor
-
SouthState Bank Bank Loan Service
-
CenterState Bank ATM Atm
-
Career Management Group Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.70M
Blend (final)
Blend
$4.26M
Owner & transaction history
Sbkdefl001 LLC · 1 yrs held
Sbkdefl001 LLC
since 2025
Last sale
$4.5M
2 recorded transactions
Zoning & alternative use
CBD · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.9M
+86.9%
Apartment house (5+ units)
$6.9M
+85.6%
Auto repair, garage
$5.0M
+33.7%
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
$3,785,000
ML approach
$3,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$3,715,000
Current use
RESTAURANT
$6,940,000
Change: +87% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,895,000
Change: +86% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,965,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$4,735,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$4.26M
Range $3.83M – $4.68M · ±10% · vs last sale $4.52M (Mar 12 2025)
Last sale anchor
$4.52M
Mar 12 2025
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
$423 / 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
$72,609
Tax year 2023
Assessed value
$3,791,556
Assessed 2023
Previous assessed
$3,406,207
+11.3% YoY
Effective rate
1.92%
On assessed value
Assessed land
$1,724,573
Assessed improvement
$2,066,983
Land market value
$1,724,573
Improvement market value
$2,066,983
Total market value
$3,791,556
Applied tax rate
12,987.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
2005
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
1
Total area
10,056 SF
Lot
0.75 ac (32,849 SF)
Zoning code
CBD
APN
12-43-46-21-62-000-0021
UPID
US18-0085947
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
FINANCIAL BUILDING Current
Est. value
$3.7M
RESTAURANT
Est. value
$6.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.9M
AUTO REPAIR, GARAGE
Est. value
$5.0M
OFFICE BUILDING
Est. value
$4.7M
FINANCIAL BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2005
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Sbkdefl001 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1101 1ST ST S, WINTER HAVEN, FL 33880-3908
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2025
$4,524,181
Sbkdefl001 LLC
Southstate Bank NA
Special Warranty Deed
—
Mar 12, 2025
—
Southstate Bank NA
Sbkdefl001 LLC
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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