Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    616-618 Federal Hwy Boynton Beach, FL 33435

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    616-618 Federal Hwy Boynton Beach, FL 33435

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 616-618 Federal Hwy

    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property, located at 616-618 N Federal Highway in Boynton Beach, Florida (zip code 33435), offers a fantastic opportunity for a new business venture. The single-tenant building boasts a total area of 1,704 square feet, situated in a high-traffic area within the city's Central Business District (CBD), as designated by the zoning. The property's APN is 08434522290006180. Previously occupied by Boynton Fisherman's Supply, this space features three bays, all included within the triple net lease structure. The lease offers long-term incentives, making it an attractive proposition for a discerning tenant seeking a well-located, established space. While the lot size is not specified, the building's prime location in the bustling CBD ensures high visibility and foot traffic. This is an ideal space for a business seeking a strong presence in a vibrant commercial area. The property's coordinates are 26.532318 latitude and -80.057989 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Boynton Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.058
    Latitude
    26.5323

    Comparable in this City

    • Value Estimation by Request
      2,012 SF

      136-140 Boynton Beach Blvd

      Retail properties & Spaces • 2,012 SF
      136-140 Boynton Beach Blvd, Boynton Beach, FL 33435
      View Details
    • Value Estimation by Request
      41,067 SF

      1351 Federal Hwy

      Retail properties & Spaces • 41,067 SF
      1351 Federal Hwy, Boynton Beach, FL 33435
      View Details
    • Value Estimation by Request
      2,164 SF

      1401 3Rd St

      Retail properties & Spaces • 2,164 SF
      1401 3Rd St, Boynton Beach, FL 33435
      View Details
    • Value Estimation by Request
      3,500 SF

      500 Woolbright Rd

      Restaurants • 3,500 SF
      500 Woolbright Rd, Boynton Beach, FL 33435
      View Details
    • Value Estimation
      $1,140,000
      7,702 SF

      511 Ocean Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,702 SF
      511 Ocean Ave, Boynton Beach, FL 33435-4923
      View Details
    • Value Estimation by Request
      435 SF

      6415 Ocean Blvd

      SHOW ROOM, WAREHOUSE • 435 SF
      6415 Ocean Blvd, Ocean Ridge, FL 33435-5215
      View Details

    Similar Nearby for Sale

    • $7,500,000

      Boynton Beach Redevelopment Opportunity

      1.24 acre assemblage in Downtown Boynton Beach CRA District.
      511 NE 4Th St, Boynton Beach, FL 33435
      View Details
    • $100,000
      2,131 SF

      Boynton Beach Retail Opportunity

      Retail space suitable for deli and convenience store use.
      4635 N Ocean Blvd, Boynton Beach, FL 33435
      View Details
    • Contact for pricing
      2,012 SF

      Retail Building with National Tenant

      Free-standing retail building with long-term national tenant.
      136-140 W Boynton Beach Blvd, Boynton Beach, FL 33435
      View Details
    • Contact for pricing
      1,079 SF

      Remodeled Office Building For Sale

      Remodeled office building in prime location on Boynton Beach Blvd.
      127 E Boynton Beach Blvd, Boynton Beach, FL 33435
      View Details
    • $599,999

      Prime Commercial Property For Sale

      High-traffic location with potential for various commercial businesses.
      558 E Gateway Blvd, Boynton Beach, FL 33435
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Boynton Beach Retail Space

      Retail space available for rent in Boynton Beach, Florida.
      1351 S Federal Hwy, Boynton Beach, FL 33435
      View Details
    • $5,000 /Mo

      Retail Space on Boynton Beach

      Retail space available for rent on Boynton Beach Boulevard.
      127 E Boynton Beach Blvd, Boynton Beach, FL 33435
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Boynton Beach, Florida.
      601 N Congress Ave, Boynton Beach, FL 33435
      View Details
    • $35 SF/Yr
      880 SF

      Boynton Beach Office Space

      Office space available for lease in Boynton Beach, Florida.
      101 SE 27Th Ave, Boynton Beach, FL 33435
      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.
    616-618 Federal Hwy
    Boynton Beach, FL 33435
    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.
    Sign Up Successful!
    You now have access to more from Realmo!