Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6063 18Th St Boca Raton, FL 33433
    Back to Search
    Property profile & analytics

    6063 18Th St, Boca Raton, FL 33433

    View on Map
    • Retail properties & Spaces
    • 16,351 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Vincenzo Custom Tailors / (Bike/Boat/Book/etc) Store
    • Dr. George Sifain / Dental Office
    • Mauricio Antezana, DMD / Dental Office
    • Village Tower Shoppes / Shopping Center & Mall
    • Massage Circuit / Spa & Massage Center

    Property Details for 6063 18Th St

    Property type
    Retail properties & Spaces
    Property subtype
    Shopping centers

    Description

    Village Tower Shoppes, located at 6063 SW 18th St in Boca Raton, Florida (zip code 33433), offers exceptional medical office space for lease. This retail and office property, situated in Palm Beach County, boasts a total of 16,351 square feet. Currently, there are 17,385 square feet of vacant space available, offering multiple tenancy options. The property features five available spaces ranging in size from a minimum of 1,034 square feet to a maximum contiguous space of 9,445 square feet. The minimum divisible unit size is 1,384 square feet, providing flexibility for various medical practices or businesses. This prime location in Boca Raton offers excellent visibility and accessibility, making it an ideal setting for a thriving medical practice or related business. The property is classified as both retail and office space, and specifically as a shopping center and medical office building. Interested parties are encouraged to inquire about lease terms and availability for these exceptional spaces. The property's address is easily accessible via major roadways, ensuring convenient access for patients and staff. This is a unique opportunity to secure high-quality medical office space in a desirable location.

    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
    -80.1381
    Latitude
    26.3326

    Comparable in this City

    • Value Estimation by Request
      54,067 SF

      7301a Palmetto Park Rd

      Medical Office Space
      7301a Palmetto Park Rd, Boca Raton, FL 33433
      View Details
    • Value Estimation
      $2,785,000
      15,688 SF

      22313 Boca Rio Rd

      MEDICAL BUILDING
      22313 Boca Rio Rd, Boca Raton, FL 33433-4701
      View Details
    • Value Estimation by Request

      20901 St Andrews Blvd

      Multifamily properties
      20901 St Andrews Blvd, Boca Raton, FL 33433
      View Details
    • Value Estimation by Request

      7158 Beracasa Way

      Retail properties & Spaces
      7158 Beracasa Way, Boca Raton, FL 33433
      View Details
    • Value Estimation by Request
      54,000 SF

      7251 Palmetto Park Rd

      Office Spaces
      7251 Palmetto Park Rd, Boca Raton, FL 33433
      View Details
    • Value Estimation
      $6,470,000
      38,374 SF

      21302 Saint Andrews Blvd

      MINI-MALL
      21302 Saint Andrews Blvd, Boca Raton, FL 33433-2450
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space in Boca Raton

      Retail property for sale in a high-traffic Boca Raton location.
      9774-9982 Glades Rd, Boca Raton, FL 33433
      View Details
    • Contact for pricing
      1,075 SF

      Boca Raton Retail Outparcel

      NNN investment opportunity in affluent Boca Raton location.
      7006 Palmetto Cir N, Boca Raton, FL 33433
      View Details
    • Contact for pricing
      1,075 SF

      Boca Raton NNN Retail Property

      NNN retail property in high-traffic Boca Raton location for sale.
      7006 Palmetto Cir N, Boca Raton, FL 33433
      View Details
    • $249,000

      Kosher Dairy Restaurant Opportunity

      Well-known kosher dairy restaurant in high-traffic Palm Beach plaza.
      Powerline Dr, Boca Raton, FL 33433
      View Details
    • Contact for pricing
      1,385 SF

      Renovated Condo in Whitehall

      Remodeled 2 bed, 2 bath condo with den/office.
      6181 Balboa Cir, Boca Raton, FL 33433
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Turnkey Med Spa Space

      Class A Med Spa space available for rent.
      21065 Powerline Rd, Boca Raton, FL 33433
      View Details
    • Contact for pricing
      1,029 SF

      Retail Space in Boca Raton

      1,384 SF retail space for lease in Boca Raton.
      6065 SW 18Th St, Boca Raton, FL 33433
      View Details
    • Contact for pricing
      956 SF

      Palm Beach County Retail Space

      Retail space available within a 187,000 square-foot shopping center.
      7035 Beracasa Way, Boca Raton, FL 33433
      View Details
    • Contact for pricing
      1,405 SF

      Retail Space in Boca Raton

      Retail space available in a high-density Florida community.
      22191 Powerline Rd, Boca Raton, FL 33433
      View Details
    • Contact for pricing
      2,380 SF

      Palm Beach County Retail Space

      Retail space available in Del Mar Village shopping center.
      7108-7166 Beracasa Way, Boca Raton, FL 33433
      View Details
    • Contact for pricing

      Boca Raton Retail/Office Space

      Retail and office spaces available for lease in Boca Raton.
      6063 SW 18Th St, Boca Raton, FL 33433
      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.
    6063 18Th St
    Boca Raton, FL 33433
    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

    Thank You for Inquiry
    6063 18Th St, Boca Raton, FL, 33433
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!