Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    551 NW 77Th St Boca Raton, FL 33487

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Modern office suite in lakefront building, convenient location.

    Property size:
    2,206 SF
    Lot size:
    1.72 Acres

    Property Features for 551 NW 77Th St

    General Information

    Size
    2,206 SF
    Lot size
    1.72 Acres

    We can help!

    Listing Contact
    Walter Hannon
    Walter Hannon
    Source: Moodyscre

    Listing Agent: Walter Hannon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Boca Raton Office Suite

    This second-floor office suite features an open work area, six private offices, a conference room, and a large kitchenette. An IT/storage closet is also included. The suite is equipped with individual A/C units. The property is located in a modern, two-story lakefront building, offering convenient access to I-95 at the Congress Avenue Interchange. Parking is available at a ratio of 4 spaces per 1,000 square feet. High-speed broadband, VOIP, and TV services are available. The building provides dusk-to-dawn security patrol and 24/7 access with a card key and intercom entry system. On-site ownership, leasing, and management services are available. The property is suitable for office space use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    One Boca Commerce ... Business Service Center Coach Michaela Logue Life Coach Lisa Cohen at First ... Loan Service Primerica Loan Service Boca Raton Estate ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0934255
    Latitude
    26.4195692

    Nearby Similar for Lease

    • $520 /Mo
      68,311 SF

      Boca Raton Interior Office Space

      Affordable Boca Raton office space with 24/7 access.
      123 NW 13Th St, Boca Raton, FL 33432
      View Details
    • $6,000 /Mo
      48,073 SF

      Boca Raton Office Space

      Move-in ready office space in central Boca Raton location.
      3785 N Federal Hwy, Boca Raton, FL 33431
      View Details
    • $1,000 /Mo
      11,340 SF

      Boca Raton Executive Suites

      Luxury office suites in a professionally maintained Boca Raton building.
      10055 Yamato Rd, Boca Raton, FL 33498
      View Details
    • $890 /Mo
      231,203 SF

      Serviced Offices in Boca Raton

      Move-in ready serviced offices with amenities in an affluent area.
      1200 N Federal Hwy, Boca Raton, FL 33432
      View Details
    • $824,500
      2,309 SF

      Two-Story Office/Warehouse Flex Space

      Two-story flex space in Boca Raton with office and warehouse.
      6401 E Rogers Cir, Boca Raton, FL 33487
      View Details
    • $2,300 /Mo
      886 SF

      East Boca Raton Office Suite

      Professional office suite in prime East Boca Raton location.
      2799 NW 2Nd Ave, Boca Raton, FL 33431
      View Details
    • $6,000 /Mo
      43,560 SF

      Secure, Modern Office Suite

      Strategically located office suite with secure access and ample parking.
      2799 NW 2Nd Ave, Boca Raton, FL 33431
      View Details
    • $35 SF/Yr
      1,000 SF

      Move-in Ready Office Space

      Modern 1,000 SF office space in Boca Raton.
      7700 Congress Ave, Boca Raton, FL 33487
      View Details
    • $3,200 /Mo
      1 SF

      Commercial Space in Boca Raton

      Versatile commercial space suitable for medical, retail, or office use.
      5499 N Federal Hwy, Boca Raton, FL 33487
      View Details
    • Sponsored
      Contact for pricing

      FL, Boca Raton - Glades Road (HQ)

      Discover many ways to work your way in FL, Boca Raton - Glades Road (HQ)
      2255 Glades Rd, Boca Raton, FL 33431
      View Details
    • Contact for pricing

      Mizner Park

      Discover many ways to work your way in Towers Crescent
      433 Plaza Real, Boca Raton, FL 33432
      View Details
    • Contact for pricing

      FL, Boca Raton - Park of Commerce

      Discover many ways to work your way in Fort Worth Bridge Street
      6501 Park Of Commerce Blvd, Boca Raton, FL 33487
      View Details

    FAQs

    What type of property is this?
    Office units - Modern office suite in lakefront building, convenient location.
    Where is this office units located?
    The property is located at 551 NW 77Th St Boca Raton, FL.
    What are key features of this property?
    This property features: - Prime Location: Seconds to I-95 at Congress Avenue Interchange in a modern lakefront building.; - Flexible Office Space: Includes open work area, 6 private offices, conference room, and IT/Storage closet.; - Individual Climate Control: Each suite has individual A/C units.
    (561) 997-5777 Call to check price and availability
    Request Owner's contact information
    551 NW 77Th St Boca Raton, FL 33487
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    551 NW 77Th St
    Boca Raton, FL 33487
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    551 NW 77Th St Boca Raton, FL 33487
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Walter Hannon
    Walter Hannon
    (561) 997-5777
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!