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12434628530010010

Ranked

2885 S FEDERAL HWY 1 · Delray Beach · 2.97 ac · Mixed Use

WOEO LLC · Llc Small · source: Fdor Live

Composite
0.386
rank #4 · 67% pctile
The win-win — read the three lines together
$0$1.09M$2.18M$3.27M$4.36M$5.45MOwner basisCurrent-use value$5.45MMaxBasis₉ — most we can pay$3.72M

No viable land basis here — MaxBasis₉ doesn't clear the floor against this owner's basis, so there's no win-win offer to make. .

MaxBasis₉
$3.72M
$41,780 / unit
Ex-land YOC
10.57%
trended
Basis spread
MaxBasis ÷ basis
Rent / cap
0.85
≤1.0 ideal
Site · location & context
parcel polygon
◆ Nearest qualifying transit · structured
▲ Tallest within 1 mile · entitled 3 fl

Outside the qualifying-transit band — structured parking required, which the underwrite carries. The amber figure is the tallest entitled site within the ring it sits in.

On site · current use
2885 S Federal Hwy #1

Subpremise · Dumar Plaza, 2885 S Federal Hwy #1, Delray Beach, FL 33483, USA

Street View of 12434628530010010
Street View · Google
Entitlement · 2026.06-hb1389
EligibilityCommercial Industrial Mixed Use
Units89
Binding constraintDensity
Density30 du/ac
Height3 fl (entitled 3)
ParkingStructured
71-unit gatePass
Underwrite (screening grade)
Blended 120% cap rent$3,251
Market rent est.$2,761
Effective rent$2,623
NOI (Yr 2)$2.06M
NOI (trended)$2.26M
Cost ex-land$21.35M
Abatement value / yr$320K
Ownership story
Owner typeLlc Small
Tenure
AbsenteeYes
UnleveragedNo
ProbateNo
Conversion score0.25
absentee
Composite breakdown
Basis spread
0.00
Owner conversion
0.25
Ex-land yield
0.64
Rent / cap fit
0.85
Transit / parking
0.40
71-unit gate
1.00
Assemblage
0.60