Financial
Distress signals
Property profile

6551 Park Of Commerce Blvd Boca Raton, FL 33487

FOR LEASE
Office buildings
Property ID
US19-0782257
70,136 SF 10.66 ac lot Built 1998
Last sale Mar 2025 · $14,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Meridian is a property comprising two architecturally identical, two-story office buildings constructed in 1998 and 1999. The buildings are built with efficient dumbbell-shaped floor plans designed to support flexible office layouts for either single-tenant use or multi-tenant configurations. The property includes substantial on-site surface parking with 610 parking spaces, supporting approximately 4.6 spaces per 1,000 square feet and facilitating routine employee and visitor access.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$605k
Tax billed · 2023
Assessed value$32.05M
Assessed land$5.67M
Assessed improvement$26.38M
Effective rate1.89%

Value estimate

· Sep 2026
$27.10M
$24.39M – $29.81M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$323/SF
ZIP average, outlier-cleaned · 38 recorded sales of this use type
Observed band · Q1–Q3$248 – $442
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant23.9
Hair Salon17.4
Nail Salon16.9

Location

6551 Park Of Commerce Blvd Boca Raton, FL 33487
County assessor Recorded deeds · 5 transfers 3 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1150 Broken Sound NW, Boca Raton, FL 33487-3525 $6,875,000 Nov 2025 71,401 SF
6111 Broken Sound NW, Boca Raton, FL 33487-2774 $25,000,000 Jun 2024 99,433 SF
5301 Federal, Boca Raton, FL 33487-4917 $11,425,000 Mar 2024 73,802 SF
791 Park Of Commerce, Boca Raton, FL 33487-3632 $20,000,000 Feb 2023 156,918 SF
7601 Federal, Boca Raton, FL 33487-1657 $9,200,000 Jun 2022 25,416 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
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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