Technical
Financial
Distress signals
Property profile

101 Palmetto Park Rd Boca Raton, FL 33432

OFF-MARKET
Retail space
Property ID
US18-3707329
5,098 SF 0.24 ac lot Built 1939
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,458 square foot retail space is ideally situated in the heart of downtown Boca Raton, Florida, at 101 E Palmetto Park Road E, zip code 33432. The property, zoned DDRI (APN: 06434720280000371), offers a single-tenant occupancy within a building containing only one suite. Currently configured as office space, it features two separate bays (101 & 103) that have been joined, providing a flexible layout adaptable to various retail uses. The space includes two bathrooms and is conveniently located just steps from Mizner Park and the Royal Palm Plaza BrightLine Station, across from Louie Bossi's Ristorante Bar Pizzeria. Its prime corner location at Palmetto Park Road and NE 1st Avenue, one block east of Federal Highway, ensures high visibility and accessibility. The property's proximity to the upcoming Aletto offices at Sanborn Square, a new trophy office tower, further enhances its investment potential. While the current build-out is for offices, the space can be easily converted to an open floor plan to suit a variety of retail needs. The lot size is not specified. This is a rare opportunity to secure a highly desirable retail location in one of South Florida's most vibrant and sought-after areas.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1939
Construction WOOD
Total area 5,098 SF
Lot 0.24 ac (10,568 SF)
Zoning code DDRI
APN 06-43-47-20-28-000-0371
UPID US18-3707329

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency

Location

101 Palmetto Park Rd Boca Raton, FL 33432-4818
Boca Raton metro Census 7501 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.32M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.00M
Blend (final) Blend
$2.27M

Owner & transaction history

since 2022
Last sale
$2.5M
1 recorded transaction
2022
$2.5M

Zoning & alternative use

DDRI · Boca Raton, FL
Zoning description

DDRI development shall mean any development permitted under Ordinance 4035 as amended from time to time. (b) Rear separator line shall mean the line of demarcation, as set forth in this section, between residential devel…

General category COMMERCIAL
Top alternative use upside
Restaurant $3.5M +73.1%
Apartment house (5+ units) $3.5M +71.9%
Auto repair, garage $2.5M +23.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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