Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    2800 Federal Hwy Boca Raton, FL 33431

    • Strip malls
    • 8,297 SF
    • 0.61 lot acres
    For Sale
    View listing
    $180,000
    Last Sale
    Aug 27, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0969211
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Lab Barbershop / Barber Shop
    • International Hairlines Academy Florida Scalp Micropigmentation Training Center / Hair Replacement Service / Training Centre
    • Boca Dream Hair / Hair Salon
    • Aroma Dream Spa / Massage Therapist / Massage Spa
    • Shining Driveway Cleaning LLC / Pressure Washing Service

    Property Details for 2800 Federal Hwy

    Year built
    1965
    Construction
    CONCRETE
    Lot size
    0.61 lot acres
    Property size
    8,297 SF
    Zone code
    R-B-1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    06-43-47-17-00-000-1030
    APU
    6434717000001030

    Description

    Elegance Plaza offers a fantastic retail opportunity in Palm Beach County. This multiple-tenancy property boasts one immediately available space totaling 1,800 square feet. The space benefits from excellent frontage along heavily trafficked N Federal Highway, ensuring high visibility and exposure to a large customer base. The property's strategic location near the intersection of NE Spanish River Blvd and N Federal Hwy, an area with a daily traffic count of 38,234 vehicles, guarantees significant foot and vehicular traffic. Further enhancing its appeal, Elegance Plaza is in close proximity to numerous oceanfront high-rise condominiums and residential developments, providing a substantial pool of potential customers. Visible pylon signage is available, offering an additional opportunity for impactful branding and marketing. The property's convenient location also offers easy access to I-95, Boca Raton Airport, and Florida Atlantic University (FAU), expanding its reach to a wider audience. Within walking distance, you'll find a variety of hotels, restaurants, and other retailers, creating a vibrant and attractive commercial environment. This is an exceptional opportunity for businesses seeking high visibility and a strong customer base in a thriving Palm Beach County location. The available space is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $500,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $362,000
      Market price range: $305k - $637k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0759
    Latitude
    26.3769
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $39,513
    $1,010,800
    $1,216,229
    $2,227,029
    -
    $1,010,800
    $1,216,229
    $2,227,029

    Comparable in this City

    • Value Estimation
      $340,000
      4,375 SF

      2001 2nd Ave

      SHOPPING CENTER, STRIP CENTER • 4,375 SF
      2001 2nd Ave, Boca Raton, FL 33431-6775
      View Details
    • Value Estimation
      $760,000
      11,140 SF

      620 Glades Rd

      SHOPPING CENTER, STRIP CENTER • 11,140 SF
      620 Glades Rd, Boca Raton, FL 33431-6414
      View Details
    • Value Estimation
      $790,000
      10,314 SF

      170 Yamato Rd

      SHOPPING CENTER, STRIP CENTER • 10,314 SF
      170 Yamato Rd, Boca Raton, FL 33431-4226
      View Details
    • Value Estimation
      $460,000
      5,000 SF

      2351 Federal Hwy

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
      2351 Federal Hwy, Boca Raton, FL 33431-7748
      View Details
    • Value Estimation
      $960,000
      14,400 SF

      141 20th St Sta, Unit A

      SHOPPING CENTER, STRIP CENTER • 14,400 SF
      141 20th St Sta, Boca Raton, FL 33431-7966
      View Details
    • Value Estimation
      $1,470,000
      22,102 SF

      2240 19th St, Unit 600

      SHOPPING CENTER, STRIP CENTER • 22,102 SF
      2240 19th St, Boca Raton, FL 33431-8506
      View Details

    Similar Nearby for Sale

    • $180,000

      Boca Raton Retail Business Opportunity

      Established Turnkey Retail Business in Boca Raton
      2800 Federal Hwy, Boca Raton, FL 33431
      View Details
    • $195,000
      1,100 SF

      Boca Raton Retail Business for Sale

      Profitable Hemp Shop, Boca Raton, FL
      2800 Federal Hwy, Boca Raton, FL 33431
      View Details
    • $5,500,000
      4,700 SF

      Boca Raton Restaurant Opportunity

      Freestanding restaurant property in Boca Raton's thriving business community.
      5530 Glades Rd, Boca Raton, FL 33431
      View Details
    • New
      $125,000

      Boca Raton Gelato Shop Opportunity

      Turnkey artisanal gelato shop for sale in Boca Raton, Florida.
      4400 N Federal Hwy, Boca Raton, FL 33431
      View Details
    • $3,500,000
      0.28 Acres

      Oceanfront Boca Raton Land

      Exclusive corner lot, ocean views, prime location.
      2425 Ocean Blvd, Boca Raton, FL 33431
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,368 SF

      Retail and Office Property

      Mixed-use retail and office property in Boca Raton, Florida.
      2240 NW 19Th St, Boca Raton, FL 33431
      View Details
    • Contact for pricing
      1,858 SF

      Retail and Office Property

      Mixed-use retail and office property in Boca Raton, Florida.
      2200 Glades Rd, Boca Raton, FL 33431
      View Details
    • Contact for pricing
      7,091 SF

      Retail and Office Property

      Mixed-use property in Boca Raton with retail and office spaces.
      2222 Glades Rd, Boca Raton, FL 33431
      View Details
    • $45 SF/Yr
      1,000 SF

      Retail Space For Rent

      Retail space available for lease in Boca Raton, Florida.
      2401 N Federal Hwy, Boca Raton, FL 33431
      View Details
    • $30 SF/Yr
      6,363 SF

      Retail Space in Boca Raton

      Retail space available for lease in Boca Raton, Florida.
      170 Nw 20Th St, Boca Raton, FL 33431
      View Details
    • $24 SF/Yr
      3,253 SF

      Retail Space in Boca Raton

      Retail space available for lease in Boca Raton, Florida.
      141 NW 20Th St, Boca Raton, FL 33431
      View Details
    Request Owner's contact information
    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.
    2800 Federal Hwy
    Boca Raton, FL 33431
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.