23123 Fl-7 Boca Raton, FL 33428
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.