Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,340,000
Medical Office Space
100 Business Park Way Ste A Royal Palm Beach, FL 33411-1735
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US18-3636721
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
CONCRETE
Total area
19,463 SF
Lot
2.46 ac (107,162 SF)
Zoning code
IG
APN
72-41-43-25-16-000-0010
UPID
US18-3636721
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.34M
Owner & transaction history
Royal Palm Capitol Realty LLC · 23 yrs held
Royal Palm Capitol Realty LLC
since 2003
6 recorded transactions
Zoning & alternative use
IG · Royal Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose and intent of this district is to provide a park-like development of mutually harmonious industries, research facilities and educational institutions in areas consistent with the village's comprehensive plan as amended from time to time.
Zone name
Industrial General District
General category
INDUSTRIAL
Zone area
91.23 ac
Source
Realmo
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 Royal Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Royal Palm Beach 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,535,000
6.5%
$4,190,000
7%
$3,890,000
Blend value · Realmo final
$4.34M
Range $3.91M – $4.77M · ±10%
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
$223 / 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
$94,728
Tax year 2023
Assessed value
$5,013,343
Assessed 2023
Previous assessed
$4,803,908
+4.4% YoY
Effective rate
1.89%
On assessed value
Assessed land
$1,546,348
Assessed improvement
$3,466,995
Land market value
$1,546,348
Improvement market value
$3,466,995
Total market value
$5,013,343
Applied tax rate
72,486.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
19,463 SF
Lot
2.46 ac (107,162 SF)
Zoning code
IG
APN
72-41-43-25-16-000-0010
UPID
US18-3636721
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IG · Royal Palm Beach, FLZoning IG · permitted uses
IG · Royal Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose and intent of this district is to provide a park-like development of mutually harmonious industries, research facilities and educational institutions in areas consistent with the village's comprehensive plan as amended from time to time.
Zone name
Industrial General District
General category
INDUSTRIAL
Zone area
91.23 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2004
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.46 ac
Current owner
From public records · entity-resolved
Royal Palm Capitol Realty LLC
Entity
Mailing address
7301 N FEDERAL HWY, BOCA RATON, FL 33487-1900
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2019
—
Royal Palm Capitol Realty LLC
—
Deed
related
$2,600,000 · Centerstate Bank Of Florida NA
Jan 23, 2003
$1,660,000
Royal Palm Capitol Realty LLC
Hedrick,gary E & Dianne B
Grant Deed
$1,560,000 · Wachovia Bank NA
—
—
Royal Palm Capitol Realty LLC
—
Loan Modification
related
$2,150,000 · American Nat'l Bk
—
—
Royal Palm Capitol Realty LLC
—
Loan Modification
related
$1,885,992 · American Nat'l Bk
—
—
Robert K Schroder
—
Deed Of Trust
related
$15,000 · Nationsbank
—
—
Gary W Hedrick
—
Deed Of Trust
related
$350,000 · Jesameki LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 100 Business Park Way Ste A?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
