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Property profile & analytics
OFF-MARKET
Estimated value
$4,150,000
Office buildings
120 Palmetto Park Rd Boca Raton, FL 33432-4835
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-8261921
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1997
Construction
CONCRETE
Total area
73,918 SF
Lot
1.13 ac (49,201 SF)
Zoning code
DDRI
APN
06-43-47-29-65-001-0000
UPID
US18-8261921
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
-
CRC Insurance Agency
-
Fifth Third Securities - Fabrizio Sanchez Financial Advisor
-
FedEx Drop Box Postal Service Courier Service
-
Kurtzman And Salama Mds Ophthalmologist
-
The William W. And Anna Louise Young Foundation, Inc. Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.15M
Owner & transaction history
G&c 120 Palmetto Investors LLC · 4 yrs held
G&c 120 Palmetto Investors LLC
since 2022
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
DDRI · 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
$4,150,000
ML approach
$4,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.15M
Range $3.74M – $4.57M · ±10% · vs last sale $4.15M (Oct 16 2024)
Last sale anchor
$4.15M
Oct 16 2024
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
$56 / 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
$398,529
Tax year 2023
Assessed value
$21,400,000
Assessed 2023
Previous assessed
$23,597,676
-9.3% YoY
Effective rate
1.86%
On assessed value
Assessed improvement
$21,400,000
Improvement market value
$21,400,000
Total market value
$21,400,000
Applied tax rate
6,154.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
5
Total area
73,918 SF
Lot
1.13 ac (49,201 SF)
Zoning code
DDRI
APN
06-43-47-29-65-001-0000
UPID
US18-8261921
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
DDRI · Boca Raton, FL
Zoning DDRI · permitted uses
DDRI · 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.
Building & site characteristics
From public records
Year built
1997
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
5
Lot
1.13 ac
Current owner
From public records · entity-resolved
G&c 120 Palmetto Investors LLC
Entity
Mailing address
1499 W PALMETTO PARK RD STE #415, BOCA RATON, FL 33486-3324
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2022
$25,200,000
G&c 120 Palmetto Investors LLC
Kireland Palmetto Park LLC
Special Warranty Deed
$21,850,000 · Wells Fargo Bank NA
Sep 30, 2015
$81,740,000
Monogram Residential Mark LLC
Palmetto Park At Federal LLC
Grant Deed
—
Mar 19, 2015
$5,500,000
Dk Palmetto LLC
Palmetto Park At Federal LLC
Grant Deed
related
—
Feb 1, 2011
—
Palmetto Park At Federal LLC
—
Loan Modification
related
$28,700,000 · Wells Fargo Bk Nw NA
Jan 16, 2009
—
Palmetto Park At Federal LLC
—
Loan Modification
related
$28,700,000 · Wachovia Bk
Sep 18, 2006
$42,000,000
Palmetto Park At Federal LLC
Ebp LLC I
Special Warranty Deed
$28,700,000 · Wachovia Bank NA
—
—
Palmetto Park At Federal LLC
—
Loan Modification
related
$41,500,000 · Wells Fargo Bk Nw NA
—
—
Palmetto Park At Federal LLC
—
Loan Modification
related
$24,295,500 · Wachovia Bk
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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