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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Strip malls
109 Boynton Bch Blvd, Boynton Beach, FL 33435-3820
Entity Owned
25-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1472113
Property summary
AI-generated overview
This exceptional 800-square-foot retail space, located at 109 E Boynton Beach Boulevard in Boynton Beach, Florida (zip code 33435), presents a lucrative investment opportunity. Built in 1973, this fully equipped restaurant boasts a proven track record of success, having generated six-figure revenue. The established business benefits from a loyal customer base and an excellent reputation for quality food and service. Its prime location on a busy street ensures high visibility and significant foot traffic. The property's convenient access to major roadways, including Federal Highway, Congress Avenue, and I-95, further enhances its appeal. This turnkey operation is ready for immediate ownership, offering a seamless transition for a new owner to capitalize on the existing success. The asking price is $85,000. The lot size is not specified. This is a rare chance to acquire a thriving business in a desirable location. Don't miss this opportunity; this deal won't last.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1973
Construction
WOOD
Total area
9,678 SF
Lot
0.55 ac (23,980 SF)
Zoning code
C3
APN
08-43-45-21-30-001-0150
UPID
US18-1472113
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
-
Azaka Market Discount Store Supermarket
-
A1A Discount Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Marie's Cuisine Restaurant LLC Restaurant
-
St Jacques Botanica Religious Bookstore
-
G & C Pawn Shop Discount Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.87M
Owner & transaction history
Ray Properties INC · 25 yrs held
Ray Properties INC
since 2001
4 recorded transactions
Zoning & alternative use
C3 · Boynton Beach, 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 Boynton Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boynton 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±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
$193 / 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
$32,335
Tax year 2023
Assessed value
$1,418,367
Assessed 2023
Previous assessed
$1,364,532
+3.9% YoY
Effective rate
2.28%
On assessed value
Assessed land
$654,681
Assessed improvement
$763,686
Land market value
$654,681
Improvement market value
$763,686
Total market value
$1,418,367
Applied tax rate
8,987.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1973
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
9,678 SF
Lot
0.55 ac (23,980 SF)
Zoning code
C3
APN
08-43-45-21-30-001-0150
UPID
US18-1472113
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C3 · Boynton Beach, FL
Zoning C3 · permitted uses
C3 · Boynton Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boynton Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Ray Properties INC
Entity
Mailing address
9986 EQUUS CIR, BOYNTON BEACH, FL 33472-4320
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2010
—
Raj Properties INC
—
Trustees Deed
related
$250,000 · Regions Bank
Jan 24, 2001
$575,000
Ray Properties INC
Needle,david
Trustees Deed
$425,000 · Union Planters National Bank
—
—
Raj Properties INC
—
Deed Of Trust
related
$400,000 · Wachovia Bank NA
—
—
Courthouse Plaza
—
Deed Of Trust
related
$150,000 · Riverside National Bank
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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