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    Property profile & analytics
    FOR LEASE
    Strip malls

    119 E Palmetto Park Rd, Boca Raton, FL 33432

    5,280 SF 0.26 ac lot Built 1958
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US18-4849533
    Property summary
    AI-generated overview

    The Aletto Offices at Sanborn Square, located at 119 E Palmetto Park Rd in Boca Raton, FL 33432, presents a unique opportunity for businesses seeking premium office space. This brand-new, Class A development, slated to break ground in Q4 2023 and completed in 2025, comprises two ten-story buildings totaling 140,000 square feet. The property offers flexible space options, with a minimum divisible unit of 5,000 square feet and the potential to lease the entire 140,000 square feet contiguously. Currently, all 140,000 square feet are available for lease. The buildings feature modern design and amenities, including elevators. The property is categorized as both retail and traditional office space, offering a diverse range of possibilities. Located in Palm Beach County, this development includes a dedicated parking garage, ensuring convenient parking for tenants and their clients. The property's prime location in Boca Raton provides excellent access to major transportation routes and a vibrant business community. This is an exceptional opportunity to secure space in a state-of-the-art, newly constructed building in a highly desirable location.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1958
    Construction CONCRETE
    Total area 5,280 SF
    Lot 0.26 ac (11,252 SF)
    Zoning code DDRI
    APN 06-43-47-19-31-001-0060
    UPID US18-4849533
    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
    • Häagen-Dazs Restaurant Take-out & Catering
    • Tropical Smoothie Cafe Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.23M
    Blend (final) Blend
    $890k
    Owner & transaction history
    Lifetime Property Vi LLC · 7 yrs held
    Lifetime Property Vi LLC
    since 2018
    4 recorded transactions
    2018
    $5.0M
    2009
    2006
    2005
    $2.6M
    Zoning & alternative use
    DDRI · Boca Raton, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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