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Property profile & analytics
OFF-MARKET
Estimated value
$82,000,000
Office buildings
1 Town Ctr Rd Boca Raton, FL 33486-1039
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5841556
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1990
Construction
STEEL FRAME
Total area
200,858 SF
Lot
9.93 ac (432,442 SF)
Zoning code
CITY CHO
APN
06-42-47-23-39-000-0010
UPID
US18-5841556
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Merrill Lynch Financial Advisor Gary Owens Financial Advisor
-
Merrill Lynch Wealth Management Advisor Michael Romagnolo Financial Advisor
-
Merrill Lynch Wealth Management Advisor Franz A. Koch Financial Advisor
-
Merrill Lynch Wealth Management Advisor Andy Wilkins Financial Advisor
-
Sallah Wealth Management of Raymond James Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$82.00M
CAP Approach
CAP
$87.37M
Comparable Approach
Comparable
$73.37M
Blend (final)
Blend
$82.00M
Owner & transaction history
Miles Capital LLC · 2 yrs held
Miles Capital LLC
since 2024
Last sale
$82.0M
2 recorded transactions
Zoning & alternative use
CITY CHO · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Boca Raton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boca Raton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$82,000,000
ML approach
$82,000,000
CAP Approach
CAP Return
Estimation
6%
$94,645,000
6.5%
$87,365,000
7%
$81,125,000
Blend value · Realmo final
$82.00M
Range $73.80M – $90.20M · ±10% · vs last sale $82.00M (Jul 18 2024)
Last sale anchor
$82.00M
Jul 18 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$408 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,582,460
Tax year 2023
Assessed value
$88,167,721
Assessed 2023
Previous assessed
$88,167,721
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$18,162,648
Assessed improvement
$70,005,073
Land market value
$18,162,648
Improvement market value
$70,005,073
Total market value
$88,167,721
Applied tax rate
6,154.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Cooling
AC.CHILLED WATER
Buildings
2
Stories
10
Total area
200,858 SF
Lot
9.93 ac (432,442 SF)
Zoning code
CITY CHO
APN
06-42-47-23-39-000-0010
UPID
US18-5841556
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CITY CHO · Boca Raton, FL
Zoning CITY CHO · permitted uses
CITY CHO · Boca Raton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boca Raton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Construction
STEEL FRAME
Cooling
Yes
Stories
10
Buildings
2
Lot
9.93 ac
Current owner
From public records · entity-resolved
Miles Capital LLC
Entity
Mailing address
224 W 35TH ST FL #700, NEW YORK, NY 10001-2507
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2024
$82,000,000
Miles Capital LLC
Prime Us One Town Center LLC
Special Warranty Deed
$100,000 · Wells Fargo Bank NA
Jul 23, 2021
$99,500,000
Prime Us One Town Center LLC
Cp Otc LLC
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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