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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Grocery and convenience stores
11509 Palmetto Park Rd Boca Raton, FL 33428-2606
Entity Owned
13-yr Hold
Free & Clear
Property ID
US18-3788746
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1999
Construction
CONCRETE
Total area
2,554 SF
Lot
1.09 ac (47,498 SF)
Zoning code
RE
APN
00-41-47-23-08-002-0000
UPID
US18-3788746
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
-
BudgetCoinz Bitcoin ATM Atm Crypto Atm
-
T1 HVAC.Repair.Services.Group Inc Hardware & Home Improvement HVAC Service
-
Q&T F.i.r.e/W.a.t.e.r-D.a.m.a.g.e-Restoration-Service-Co Corporate Office Business Park
-
Cardtronics ATM Atm
-
Localcoin Bitcoin ATM - Chevron Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
$755k
Comparable Approach
Comparable
$636k
Blend (final)
Blend
$665k
Owner & transaction history
South Florida Coml Props LLC · 13 yrs held
South Florida Coml Props LLC
since 2013
2 recorded transactions
Zoning & alternative use
RE · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Retail stores
$1.0M
+0.9%
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
$605,000
CAP Approach
CAP Return
Estimation
6%
$820,000
6.5%
$755,000
7%
$700,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,010,000
Current use
RETAIL STORES
$1,020,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$1,005,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$875,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$665k
Range $599k – $732k · ±10%
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
$260 / 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
$40,692
Tax year 2023
Assessed value
$2,294,454
Assessed 2023
Previous assessed
$2,223,901
+3.2% YoY
Effective rate
1.77%
On assessed value
Assessed land
$1,765,426
Assessed improvement
$529,028
Land market value
$1,765,426
Improvement market value
$529,028
Total market value
$2,294,454
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
4
Bathrooms
2
Total area
2,554 SF
Lot
1.09 ac (47,498 SF)
Zoning code
RE
APN
00-41-47-23-08-002-0000
UPID
US18-3788746
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RE · Boca Raton, FLZoning 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
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.0M
RETAIL STORES
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$875,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
1999
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
4
Bathrooms
2
Lot
1.09 ac
Current owner
From public records · entity-resolved
South Florida Coml Props LLC
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 1565, LAWRENCEVILLE, GA 30046-1565
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2019
—
South Florida Coml Prop LLC
—
Loan Modification
related
$33,000,000 · Citizens Bk NA
Jun 11, 2013
$2,800,000
South Florida Coml Props LLC
Chevron USA INC
Grant Deed
—
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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