Property profile

701 Park Of Commerce Blvd Boca Raton, FL 33487

FOR LEASE
Other industrial properties
Saved · see the list in your Dashboard
Property ID
US18-0081806
78,024 SF 5 ac Built 2001
Last sale Jul 2024·$18,695,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property is a remodeled flex facility that combines office space with climate-controlled warehouse space. Approximately 10% of the building area is finished as remodeled office, with room for additional office build-out. The climate-controlled warehouse portion is approximately 38,150 square feet and can be combined with an additional approximately 13,860 square feet to create a larger warehouse configuration. A bonus heavy-duty steel mezzanine of approximately 4,000 square feet is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$282k
Tax billed · 2023
Assessed value$13.93M
Assessed land$2.33M
Assessed improvement$11.60M
Effective rate2.02%

Value estimate

· Nov 2026
$18.70M
$16.83M – $20.56M
AI approach$18.70M
CAP approach$20.71M
NOI build-up
Gross scheduled income$238k
Vacancy & credit loss−$13k
Operating expenses−$79k
NOI$146k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$11,887/SF
ZIP average, outlier-cleaned · 66 recorded sales of this use type
Observed band · Q1–Q3$1,299 – $20,290
Qualifying comparables6

Cap rate analysis

How does the asset earn?
$146k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
LIRP
the LIRP zoning district was constructed shall not be rendered nonconforming as a result of not meeting interior side yard setbacks if su...
General categoryINDUSTRIAL
JurisdictionPALM BEACH

Location intelligence

Which uses thrive at this corner?
Best fit: Hair Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hair Salon14.5
Food Market12.1
Convenience Store11.4

Location

701 Park Of Commerce Blvd Boca Raton, FL 33487
County assessor Recorded deeds · 4 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1160 Rogers Cir, Boca Raton, FL 33487-2786 $12,050,000 Oct 2024 39,538 SF
6500 Park Of Commerce, Boca Raton, FL 33487-8217 $9,856,900 Sep 2024 82,882 SF
6600 Congress, Boca Raton, FL 33487-1213 $51,011,000 Jul 2020 244,232 SF
6001 Park Of Commerce, Boca Raton, FL 33487-8234 $5,750,000 May 2020 29,687 SF
6650 Park Of Commerce, Boca Raton, FL 33487-8224 $3,750,000 Apr 2019 15,444 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
Why this one?
Saved