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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Industrial properties
109 Commerce Rd Boynton Beach, FL 33426-9365
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US19-0899910
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2003
Construction
CONCRETE
Total area
4,322 SF
Lot
0.11 ac (4,922 SF)
Zoning code
PID
APN
08-43-45-09-25-001-0100
UPID
US19-0899910
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
-
H3O Water Solutions General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.20M
Owner & transaction history
Jengeo Realty LLC · 2 yrs held
Jengeo Realty LLC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
PID · Boynton Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.8M
+35.4%
Neighborhood: shopping center
$1.7M
+32.0%
Medical building
$1.7M
+31.7%
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
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
$1,245,000
6.5%
$1,145,000
7%
$1,065,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,295,000
Current use
RETAIL STORES
$1,750,000
Change: +35% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,705,000
Change: +32% · Conversion: Difficult
MEDICAL BUILDING
$1,705,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$1,455,000
Change: +12% · Conversion: Easy
WAREHOUSE, STORAGE
$1,100,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Mar 12 2024)
Last sale anchor
$1.20M
Mar 12 2024
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
$278 / 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
$15,019
Tax year 2023
Assessed value
$766,228
Assessed 2023
Previous assessed
$766,228
+0.0% YoY
Effective rate
1.96%
On assessed value
Assessed land
$373,507
Assessed improvement
$392,721
Land market value
$373,507
Improvement market value
$392,721
Total market value
$766,228
Applied tax rate
8,983.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
4,322 SF
Lot
0.11 ac (4,922 SF)
Zoning code
PID
APN
08-43-45-09-25-001-0100
UPID
US19-0899910
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PID · Boynton Beach, FL
Zoning PID · permitted uses
PID · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.3M
RETAIL STORES
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Jengeo Realty LLC
Entity
Mailing address
8866 HIDDEN ACRES DR, BOYNTON BEACH, FL 33473-4854
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
Mar 12, 2024
$1,515,000
Jengeo Realty LLC
Jengeo Realty LLC
Warranty Deed
related
—
Mar 24, 2023
$1,200,000
Jengeo Realty LLC
Cheeseburger Real Estate Holdings L
Warranty Deed
—
Jul 20, 2020
$805,000
Cheeseburger R & E Hldgs LLC
All Repair & Restoration LLC
Warranty Deed
—
Apr 19, 2017
$770,000
All Repair & Restoration LLC
Larry Real Estate Holdings LLC
Warranty Deed
$580,800 · Jp Morgan Chase Bk
Mar 21, 2013
$515,590
Larry Real Estate Holdings LLC
Scorpio Intl Props INC
Warranty Deed
—
—
—
Is3 INC
—
Deed Of Trust
related
$500,000 · Td Bank NA
—
—
Scorpio Intl Props INC
—
Deed Of Trust
related
$26,560 · General Electric Capital Corp
—
—
Scorpio Intl Props INC
—
Deed Of Trust
related
$556,000 · Mercantile 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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