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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Office buildings
112 23rd Ave, Boynton Beach, FL 33435-7618
Entity Owned
Free & Clear
Property ID
US19-0500511
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1952
Construction
WOOD
Total area
2,107 SF
Lot
0.24 ac (10,620 SF)
Zoning code
C1
APN
08-43-45-33-04-000-0020
UPID
US19-0500511
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
-
Maria Louise Cancer Foundation Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$426k
Blend (final)
Blend
$565k
Owner & transaction history
11223rd Ave LLC
11223rd Ave LLC
since 2025
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
C1 · Boynton Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$855,000
+36.4%
Retail stores
$855,000
+36.2%
Neighborhood: shopping center
$830,000
+32.8%
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
Alternative Use
Use
Estimation
OFFICE BUILDING
$625,000
Current use
COMMERCIAL (GENERAL)
$855,000
Change: +36% · Conversion: Easy
RETAIL STORES
$855,000
Change: +36% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$830,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$830,000
Change: +33% · Conversion: Easy
WAREHOUSE, STORAGE
$560,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $700k (Jul 16 2025)
Last sale anchor
$700k
Jul 16 2025
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
$268 / 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
$6,610
Tax year 2023
Assessed value
$275,913
Assessed 2023
Previous assessed
$262,790
+5.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$140,834
Assessed improvement
$135,079
Land market value
$140,834
Improvement market value
$135,079
Total market value
$275,913
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1952
Construction
WOOD
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
1
Bathrooms
2
Total area
2,107 SF
Lot
0.24 ac (10,620 SF)
Zoning code
C1
APN
08-43-45-33-04-000-0020
UPID
US19-0500511
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C1 · Boynton Beach, FL
Zoning C1 · permitted uses
C1 · 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
OFFICE BUILDING Current
Est. value
$625,000
COMMERCIAL (GENERAL)
Est. value
$855,000
RETAIL STORES
Est. value
$855,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$830,000
MEDICAL BUILDING
Est. value
$830,000
WAREHOUSE, STORAGE
Est. value
$560,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL 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
1952
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
11223rd Ave LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2401 S SEACREST BLVD, BOYNTON BEACH, FL 33435-6514
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2025
$700,000
11223rd Ave LLC
112 Se 23rd Ave LLC
Warranty Deed
—
Dec 14, 2018
$350,000
112 Se 23rd Ave LLC
Sound Recovery Solutions LLC
Warranty Deed
—
May 24, 2017
$284,500
Sound Recovery Solutions LLC
American Communities INC
Warranty Deed
—
Oct 27, 2014
$275,000
American Communities INC
Jmc Real Estate INC
Grant Deed
—
Aug 13, 2014
$201,200
Jmc Real Estate INC
Seide,marie Coc
Trustees Deed
related
—
May 5, 2006
$540,000
Marie K Seide
Elizabeth Matthews Carey
Warranty Deed
$325,000 · Sf Partners Mortgage LLC
Jan 24, 2005
—
Matthews Carey E Trust
Matthews,carey E
Quit Claim Deed
related
—
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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