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Property profile & analytics
OFF-MARKET
Estimated value
$2,335,000
Drug stores
11449 Palmetto Park Rd Boca Raton, FL 33428-2659
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-5121855
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2009
Construction
CONCRETE
Total area
9,288 SF
Lot
1.01 ac (43,787 SF)
Zoning code
RE
APN
00-41-47-23-14-002-0000
UPID
US18-5121855
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
-
Walgreens Pharmacy Pharmacy
-
FedEx OnSite Postal Service Courier Service
-
Coinhub Bitcoin ATM Teller Atm
-
Anwar Muqbel Pharmacy
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.34M
Owner & transaction history
Icc Synagogue INC · 1 yrs held
Icc Synagogue INC
since 2025
Last sale
$3.0M
3 recorded transactions
Zoning & alternative use
RE · Boca Raton, 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 Boca Raton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boca Raton 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%
$2,620,000
6.5%
$2,415,000
7%
$2,245,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,705,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,670,000
Change: -1% · Conversion: Moderate
MEDICAL BUILDING
$3,660,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.34M
Range $2.10M – $2.57M · ±10% · vs last sale $2.95M (Mar 16 2025)
Last sale anchor
$2.95M
Mar 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
$251 / 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
$47,041
Tax year 2023
Assessed value
$2,743,885
Assessed 2023
Previous assessed
$2,667,615
+2.9% YoY
Effective rate
1.71%
On assessed value
Assessed land
$1,206,304
Assessed improvement
$1,537,581
Land market value
$1,206,304
Improvement market value
$1,537,581
Total market value
$2,743,885
Applied tax rate
355.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2009
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
9,288 SF
Lot
1.01 ac (43,787 SF)
Zoning code
RE
APN
00-41-47-23-14-002-0000
UPID
US18-5121855
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RE · Boca Raton, FL
Zoning RE · permitted uses
RE · Boca Raton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boca Raton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.7M
RETAIL STORES Current
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
2009
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Icc Synagogue INC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2025
$2,950,000
Icc Synagogue INC
Walgreen Co
Special Warranty Deed
—
Nov 7, 2008
$3,214,000
Walgreen Co
Karim Dev LLC
Grant Deed
—
Sep 16, 1997
$775,000
Moins INC
Noble Management Co
Grant Deed
$400,000 · Transflorida 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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