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Property profile & analytics
OFF-MARKET Estimated value $2,320,000
Retail space

101 Palmetto Park Rd Boca Raton, FL 33432-4818

5,098 SF 0.24 ac lot Built 1939
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US18-3707329
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • David Pantoja Real Estate Agency
  • Florida Premier Realty - Jan Deborah Imperato B.A. Real Estate Agency
  • Florida Premier Realty Real Estate Agency
  • Dave Hibbs, Realtor® Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.32M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.00M
Blend (final) Blend
$2.32M
Owner & transaction history
East Ocean Avenue LLC · 4 yrs held
East Ocean Avenue LLC
since 2022
Last sale
$2.5M
1 recorded transaction
2022
$2.5M
Zoning & alternative use
DDRI · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $3.5M +73.1%
Apartment house (5+ units) $3.5M +71.9%
Auto repair, garage $2.5M +23.9%
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