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Property profile & analytics
OFF-MARKET
Estimated value
$25,240,000
Community centers
10299 Royal Palm Blvd 10387 Coral Springs, FL 33065-4851
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-4758665
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1988
Construction
CONCRETE
Total area
120,678 SF
Lot
11.87 ac (517,052 SF)
Zoning code
B-2
APN
48-41-21-28-0020
UPID
US18-4758665
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.24M
Owner & transaction history
Bfo 10299 Royal Palm Blvd LLC · 2 yrs held
Bfo 10299 Royal Palm Blvd LLC
since 2024
Last sale
$20.5M
7 recorded transactions
Zoning & alternative use
B-2 · Coral Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Community Business (B-2) District is intended primarily to provide for general commercial activity for a wide range of goods and services to the entire community. Such businesses generally require locations convenient for both vehicular and pedestrian traffic and would be expected to have orientation toward and direct access to arterial roadways. The dis…
Zone name
Community Business
General category
MIXED_USE
Zone area
1,006.69 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 Coral Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coral Springs 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$209 / 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
$405,529
Tax year 2023
Assessed value
$17,511,130
Assessed 2023
Previous assessed
$17,511,130
+0.0% YoY
Effective rate
2.32%
On assessed value
Assessed land
$5,299,780
Assessed improvement
$12,211,350
Land market value
$5,299,780
Improvement market value
$12,211,350
Total market value
$17,511,130
Applied tax rate
2,812.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Total area
120,678 SF
Lot
11.87 ac (517,052 SF)
Zoning code
B-2
APN
48-41-21-28-0020
UPID
US18-4758665
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Coral Springs, FLZoning B-2 · permitted uses
B-2 · Coral Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Community Business (B-2) District is intended primarily to provide for general commercial activity for a wide range of goods and services to the entire community. Such businesses generally require locations convenient for both vehicular and pedestrian traffic and would be expected to have orientation toward and direct access to arterial roadways. The district also provides opportunities for corporate park uses and research facilities and laboratories and mixed use developments through additional procedures and requirements.
Zone name
Community Business
General category
MIXED_USE
Zone area
1,006.69 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1988
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
11.87 ac
Current owner
From public records · entity-resolved
Bfo 10299 Royal Palm Blvd LLC
Entity
Free & Clear · 2 yrs held
Mailing address
251 ROYAL PALM WAY STE #215, PALM BEACH, FL 33480-4310
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2024
$20,450,800
Bfo 10299 Royal Palm Blvd LLC
Plaza At Royal Palm LLC
Special Warranty Deed
—
Aug 25, 2017
$13,500,000
Plaza At Royal Palm LLC
Mdn Properties INC
Grant Deed
—
Aug 25, 2017
—
Plaza At Royal Palm LLC
—
Loan Modification
related
$8,700,000 · Wells Fargo Bk
Jun 2, 1997
$7,800,000
Mdn Properties INC
Prudential Insurance Of Americ
Grant Deed
$5,250,000 · Heller Financial
—
—
Mdn Properties INC
—
Deed Of Trust
related
$6,755,000 · Mb Financial Bank NA
—
—
Mdn Properties INC
—
Deed Of Trust
related
$6,755,000 · Mb Financial Bank NA
—
—
Mdn Properties INC
—
Loan Modification
related
$6,254,835 · Mb Financial Bank NA
—
—
Mdn Properties INC
—
Loan Modification
related
$6,218,812 · Mb Financial Bank NA
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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