Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$12,280,000
Commercial land
114 Federal Hwy Boynton Beach, FL 33435-4137
Entity Owned
~
Est. High Equity
Property ID
US18-1675471
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1974
Total area
21,552 SF
Lot
3.01 ac (131,246 SF)
Zoning code
MU-C
APN
08-43-45-27-01-000-0410
UPID
US18-1675471
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
$11.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.00M
Blend (final)
Blend
$12.28M
Owner & transaction history
Bb1 Owner LLC
Bb1 Owner LLC
since 2026
Last sale
$12.0M
7 recorded transactions
Zoning & alternative use
MU-C · Boynton Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.9M
+70.1%
Apartment house (5+ units)
$14.8M
+69.0%
Auto repair, garage
$10.6M
+21.7%
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
$14,835,000
ML approach
$11,780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,745,000
Current use
RESTAURANT
$14,875,000
Change: +70% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$14,775,000
Change: +69% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,645,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$8,730,000
Change: 0% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$8,515,000
Change: -3% · Conversion: Difficult
MEDICAL BUILDING
$8,495,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$12.28M
Range $11.05M – $13.51M · ±10% · vs last sale $12.00M (Dec 30 2021)
Last sale anchor
$12.00M
Dec 30 2021
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
$570 / 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
$185,579
Tax year 2023
Assessed value
$9,499,958
Assessed 2023
Previous assessed
$8,187,498
+16.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$9,449,712
Assessed improvement
$50,246
Land market value
$9,449,712
Improvement market value
$50,246
Total market value
$9,499,958
Applied tax rate
8,984.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1974
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
21,552 SF
Lot
3.01 ac (131,246 SF)
Zoning code
MU-C
APN
08-43-45-27-01-000-0410
UPID
US18-1675471
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MU-C · Boynton Beach, FL
Zoning MU-C · permitted uses
MU-C · 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
$8.7M
RESTAURANT
Est. value
$14.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.8M
AUTO REPAIR, GARAGE
Est. value
$10.6M
RETAIL STORES
Est. value
$8.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.5M
MEDICAL BUILDING
Est. value
$8.5M
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1974
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.01 ac
Current owner
From public records · entity-resolved
Bb1 Owner LLC
Entity
Mailing address
9 W 57TH ST, NEW YORK, NY 10019-2701
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2026
$12,000,000
Bb1 Owner LLC
Bb1 Development LLC
Special Warranty Deed
$98,000,000 · Ocean One Boynton Lender 1 LLC
Dec 30, 2021
$12,000,000
Bbi Development LLC
Ocean One Boynton LLC
Special Warranty Deed
—
Dec 30, 2021
—
Bb1 Development LLC
One Boynton LLC
Quit Claim Deed
related
$9,050,000 · 114 North Federal Highway 1 LLC
Aug 26, 2020
—
Ocean One Boynton LLC
—
Deed
related
$1,999,900 · Iberiabank
Aug 28, 2018
—
Ocean One Boynton LLC
—
Deed
related
$2,000,000 · Iberiabank
Dec 29, 2015
—
Ocean One Boynton LLC
One Boynton LLC
Quit Claim Deed
related
—
Mar 1, 2005
$9,000,000
One Boynton LLC
Boynton Ocean LLC
Warranty Deed
$4,000,000 · Bank Of America
—
—
One Boynton LLC
—
Deed Of Trust
related
$3,500,000 · Bank Of America
—
—
Ocean One Boynton LLC
—
Loan Modification
related
$2,000,000 · Iberiabank
—
—
Ocean One Boynton LLC
—
Loan Modification
related
$1,999,900 · Iberiabank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 114 Federal Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
