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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

23123 Fl-7 Boca Raton, FL 33428

45,173 SF Built 1981
Property ID
Property summary
AI-generated overview

This exceptional three-story office building, situated at 23123 FL-7 in Boca Raton, Florida, presents a compelling investment opportunity. Boasting a total of 45,173 rentable square feet, this property is strategically located just south of Palmetto Park Road, offering convenient access and high visibility. The building was constructed in 1981 and sits on a sizable 4-acre parcel. The diverse tenant mix includes a prominent Bank of America branch on the ground floor, ensuring a stable and attractive investment profile. The property features ample street-level parking with a total of 168 spaces, providing convenient access for tenants and visitors. Currently, there are three available office spaces ranging in size from 1,040 square feet to 2,429 square feet, ideal for a variety of medical, traditional office, or executive office uses. The building's classification includes Retail, Office, Medical Office, Traditional Office, and Executive Office space, catering to a broad spectrum of potential tenants. Located in Palm Beach County, with a 33428 zip code, this property offers a strong location within a thriving business community. The building's multiple tenancy structure provides diversification and potential for long-term rental income. This is a rare opportunity to acquire a well-established, multi-use office building in a prime Boca Raton location.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1981
Total area 45,173 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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