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    10026 Spanish Isles Blvd Boca Raton, FL 33498
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    10026 Spanish Isles Blvd Boca Raton, FL 33498

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    • Warehouses
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Car Care USA / (Bike/Boat/Book/etc) Store / Home Decor Store
    • PERLIM WOOD DESIGN / General Contractor / Renovation Specialist
    • Superl Auto Body / Auto Repair Shop
    • Go Outdoor Amenities / Big Box & Wholesale Store
    • International Relocation Inc / Shipping Company / Freight Service

    Property Details for 10026 Spanish Isles Blvd

    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional single-tenant industrial warehouse, located at 10026 Spanish Isles Blvd, Boca Raton, FL 33498, presents a unique investment opportunity. The property encompasses a substantial 17,950 square feet of warehouse space within a single, one-story building situated on a generous 47,886 square foot lot. The building features a 14-foot ceiling height, providing ample vertical space for various operational needs. The property is zoned IL and identified by APN 00414701010080020. With its convenient Boca Raton location and ample space, this warehouse is ideal for businesses requiring significant storage and operational area. The property includes two parking spaces for convenient access. This single-tenant occupancy offers a streamlined management structure and potential for long-term lease stability. The property's strategic location in Boca Raton offers easy access to major transportation routes, enhancing logistical efficiency for any business. This is a rare opportunity to acquire a well-located, functional industrial warehouse in a thriving South Florida market. The property's size and features make it suitable for a wide range of industrial and warehousing operations. Serious inquiries are encouraged to explore this compelling investment prospect.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.2058
    Latitude
    26.4014

    Comparable in this City

    • Value Estimation by Request
      17,950 SF

      10026 Spanish Isle Blvd Bay

      Distribution properties • 17,950 SF
      10026 Spanish Isle Blvd Bay, Boca Raton, FL 33498
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    • Value Estimation
      $10,730,000
      37,908 SF

      19200 State Rd 7th 7

      MINI-WAREHOUSE, STORAGE • 37,908 SF
      19200 State Rd 7th 7, Boca Raton, FL 33498-4763
      View Details
    • Value Estimation
      $10,735,000
      36,760 SF

      20273 State Rd 7th 7

      MINI-WAREHOUSE, STORAGE • 36,760 SF
      20273 State Rd 7th 7, Boca Raton, FL 33498-6701
      View Details
    • Value Estimation
      $3,205,000
      18,072 SF

      10058 Spanish Isle Blvd

      SHOW ROOM, WAREHOUSE • 18,072 SF
      10058 Spanish Isle Blvd, Boca Raton, FL 33498-6382
      View Details
    • Value Estimation
      $13,420,000
      63,278 SF

      19625 State Rd 7th 7

      MINI-MALL • 63,278 SF
      19625 State Rd 7th 7, Boca Raton, FL 33498
      View Details
    • Value Estimation
      $1,055,000
      3,466 SF

      19645 State Rd 7th 7

      FINANCIAL BUILDING • 3,466 SF
      19645 State Rd 7th 7, Boca Raton, FL 33498-4766
      View Details

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    Similar Nearby for Lease

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      3,100 SF

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      Corner warehouse space suitable for distribution business.
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      1,300 SF

      Warehouse Space with Air Conditioning

      Air-conditioned warehouse space featuring LED lighting and private restroom.
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      677 SF

      Climate-Controlled Warehouse Space Available

      677 SF climate-controlled warehouse with private restroom and roll-up door.
      10042 Spanish Isles Blvd, Boca Raton, FL 33498
      View Details
    • Contact for pricing

      Boca Raton Commercial Space Available

      Premier commercial space in Boca Raton with flexible business uses.
      10026 Spanish Isle Blvd Bay, Boca Raton, FL 33498
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      1,900 SF

      Retail Space in West Boca

      Retail property in affluent West Boca with high visibility.
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      1,795 SF

      Grocery and Fitness Anchored Plaza

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      View Details
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    Boca Raton, FL 33498
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    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.

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