Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    115 Boca Raton Rd Boca Raton, FL 33432-3911

    • Office buildings
    • 2,799 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    $895,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2825663
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Snell Robert B / Accounting Firm / Tax Preparation

    Property Details for 115 Boca Raton Rd

    Year built
    1940
    Construction
    WOOD
    Lot size
    0.15 lot acres
    Property size
    2,799 SF
    Zone code
    DDRI
    Property type
    Office buildings
    APN
    06-43-47-20-28-000-0141
    APU
    6434720280000141

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,320,000
      6.5%
      $1,215,000
      7%
      $1,130,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $579,000
      Market price range: $188k - $697k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,015,000
      Current use
      AUTO REPAIR, GARAGE
      $1,380,000
      Change: +36% Conversion: Difficult
      RETAIL STORES
      $1,115,000
      Change: +10% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $1,105,000
      Change: +9% Conversion: Difficult
      MEDICAL BUILDING
      $1,105,000
      Change: +9% Conversion: Easy
      WAREHOUSE, STORAGE
      $955,000
      Change: -6% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0853
    Latitude
    26.3517
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,942
    $920,693
    $211,545
    $1,132,238
    -
    $920,693
    $211,545
    $1,132,238

    Comparable in this City

    • Value Estimation by Request

      1600 Dixie Hwyi-b

      OFFICE BUILDING
      1600 Dixie Hwyi-b, Boca Raton, FL 33432-7463
      View Details
    • Value Estimation by Request
      165 SF

      400 Dixie Hwy Ste, Unit 232

      OFFICE BUILDING • 165 SF
      400 Dixie Hwy Ste, Boca Raton, FL 33432-6023
      View Details
    • Value Estimation
      $1,300,000
      4,123 SF

      99 Mizner Blvd, Unit CU2

      OFFICE BUILDING • 4,123 SF
      99 Mizner Blvd, Boca Raton, FL 33432-5022
      View Details
    • Value Estimation
      $3,690,000
      15,484 SF

      398 Camino Gdns Blvd

      OFFICE BUILDING (MULTI-STORY) • 15,484 SF
      398 Camino Gdns Blvd, Boca Raton, FL 33432-5827
      View Details
    • Value Estimation
      $1,935,000
      8,188 SF

      100 1st Ave

      OFFICE BUILDING (MULTI-STORY) • 8,188 SF
      100 1st Ave, Boca Raton, FL 33432-3904
      View Details
    • Value Estimation
      $2,140,000
      6,612 SF

      444 Palmetto Park Rd

      OFFICE BUILDING (MULTI-STORY) • 6,612 SF
      444 Palmetto Park Rd, Boca Raton, FL 33432-5018
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Office Space on Federal Hwy

      Turn-key office space in Royal Palm Place Plaza.
      310 S Federal Hwy, Boca Raton, FL 33432
      View Details
    • Contact for pricing

      Walgreens Anchored Shopping Center

      26,840 SF shopping center anchored by Walgreens.
      1001 SW 2Nd Ave, Boca Raton, FL 33432
      View Details
    • Contact for pricing
      12,315 SF

      Boca Raton Office Space

      Office space near Brightline, Mizner Park, and Downtown Boca Raton.
      140 Nw 4Th St, Boca Raton, FL 33432
      View Details
    • $300,000

      Established Restaurant in Prime Location

      Turnkey Gyro restaurant in Mizner, Boca Raton's dining district.
      122 NE 2Nd St, West Palm Beach, FL 33432
      View Details
    • $380,000

      Restaurant Business Opportunity in Boca

      Turnkey restaurant business for sale in a prime Boca location.
      21316 Saint Andrews Blvd, Boca Raton, FL 33432
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Office Building

      Premium office space in the heart of Downtown Boca Raton.
      150 East Palmetto Park Rd, Boca Raton, FL 33432
      View Details
    • Contact for pricing
      4,266 SF

      Iconic Office Tower in Boca

      Class A office space with ocean and golf course views.
      925 South Federal Hwy, Boca Raton, FL 33432
      View Details
    • Contact for pricing
      300 SF

      Four-Story Office Building For Rent

      107,333 SF office building near Downtown Boca Raton.
      1515 N Federal Hwy, Boca Raton, FL 33432
      View Details
    • Contact for pricing
      2,072 SF

      Class A Office Space

      Luxury office space in downtown Boca Raton near Mizner Park.
      101 N Federal Hwy, Boca Raton, FL 33432
      View Details
    • Contact for pricing

      Class A Office Space

      Elegant office space in Mizner Park, Boca Raton.
      225 Northeast Mizner Blvd, Boca Raton, FL 33432
      View Details
    • Contact for pricing
      5,572 SF

      LEED Gold Certified Office Space

      Class A office building with covered parking in Boca Raton.
      1799-1825 NW 2Nd Ave, Boca Raton, FL 33432
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    115 Boca Raton Rd
    Boca Raton, FL 33432-3911
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!