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C2-ARTISTS-ALLEY-DELRAY

Killed

— · Delray Beach · 1.5 ac · Commercial

— · Llc Small · source: Calibration Fixture

HARD FAIL — Asking Exceeds Max Basis Residual Kill
The win-win — read the three lines together
$0$2.40M$4.80M$7.20M$9.60M$12.00MOwner basis$9.00MCurrent-use value$12.00MMaxBasis₉ — most we can pay$2.54Mbasis spread 0.3× — life-changing offer, our floor intact

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. Asking Exceeds Max Basis Residual Kill.

MaxBasis₉
$2.54M
$56,459 / unit
Ex-land YOC
11.07%
trended
Basis spread
0.3×
MaxBasis ÷ basis
Rent / cap
1.00
≤1.0 ideal
Site · location & context
centroid · polygon pending
◆ Nearest qualifying transit0.4 mi · Partial Reduction
▲ Tallest within 1 mile5 fl · entitled 5 fl

Inside the qualifying-transit band — surface parking pencils, lifting the ex-land yield. The amber figure is the tallest entitled site within the ring it sits in.

Entitlement · 2026.06-hb1389
EligibilityCommercial Industrial Mixed Use
Units45
Binding constraintDensity
Density30 du/ac
Height5 fl (entitled 5)
ParkingPartial Reduction
71-unit gateFail
Underwrite (screening grade)
Blended 120% cap rent$3,251
Market rent est.$3,251
Effective rent$3,088
NOI (Yr 2)$1.12M
NOI (trended)$1.22M
Cost ex-land$11.07M
Abatement value / yr$0
Ownership story
Owner typeLlc Small
Tenure5 yr
AbsenteeNo
UnleveragedNo
ProbateNo
Conversion score0.07