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Property profile & analytics
OFF-MARKET
Estimated value
$25,955,000
Distribution centers
1200 35th Ave Boynton Beach, FL 33426-8450
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-3973847
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2000
Construction
CONCRETE
Total area
50,297 SF
Lot
8.04 ac (350,414 SF)
Zoning code
M1
APN
08-43-46-05-00-000-3100
UPID
US18-3973847
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
-
BFT Americas Industrial Manufacturer Production Facility
-
Somfy Department Store
-
Boynton Beach Quality Mold removal Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$25.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.91M
Blend (final)
Blend
$25.96M
Owner & transaction history
Ranger II Urban Logistics Boynton B
Ranger II Urban Logistics Boynton B
since 2026
Last sale
$26.0M
7 recorded transactions
Zoning & alternative use
M1 · Boynton Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$34.7M
+170.9%
Apartment house (5+ units)
$34.5M
+169.1%
Auto repair, garage
$24.8M
+93.8%
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 Boynton Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boynton Beach 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
$25,955,000
ML approach
$25,955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$34,715,000
Change: +171% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$34,480,000
Change: +169% · Conversion: Difficult
AUTO REPAIR, GARAGE
$24,845,000
Change: +94% · Conversion: Easy
RETAIL STORES
$20,370,000
Change: +59% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$19,870,000
Change: +55% · Conversion: Moderate
MEDICAL BUILDING
$19,825,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$16,925,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$25.96M
Range $23.36M – $28.55M · ±10% · vs last sale $25.95M (Apr 18 2024)
Last sale anchor
$25.95M
Apr 18 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
$516 / 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
$490,859
Tax year 2023
Assessed value
$25,173,598
Assessed 2023
Previous assessed
$25,173,598
+0.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$2,522,995
Assessed improvement
$22,650,603
Land market value
$2,522,995
Improvement market value
$22,650,603
Total market value
$25,173,598
Applied tax rate
8,984.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Total area
50,297 SF
Lot
8.04 ac (350,414 SF)
Zoning code
M1
APN
08-43-46-05-00-000-3100
UPID
US18-3973847
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
M1 · Boynton Beach, FL
Zoning M1 · permitted uses
M1 · Boynton Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boynton Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$34.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$34.5M
AUTO REPAIR, GARAGE
Est. value
$24.8M
RETAIL STORES
Est. value
$20.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.9M
MEDICAL BUILDING
Est. value
$19.8M
OFFICE BUILDING
Est. value
$16.9M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE 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
2000
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
8.04 ac
Current owner
From public records · entity-resolved
Ranger II Urban Logistics Boynton B
Individual
Mailing address
78 SW 7TH ST STE #800, MIAMI, FL 33130-3782
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2026
$43,000,000
Ranger II Urban Logistics Boynton B
Vk 1200 & 1220 Sw 35th LLC
Special Warranty Deed
—
Apr 18, 2024
$25,954,000
Vk 1200 & 1220 Sw 35th LLC
Ev 1230 LLC
Special Warranty Deed
$50,000,000 · Lake Forest Bank & Trust Co NA
Jan 24, 2020
$25,850,000
Ev 1230 LLC
1200 Sw 35th LLC
Special Warranty Deed
$16,642,393 · Synovus Bank
May 7, 2018
—
Exeter 1200 Sw 35th LLC
—
Deed
related
$114,000,000 · Wells Fargo Bank NA
Aug 9, 2017
—
Exeter 1200 Sw 35th LLC
—
Deed
related
$108,000,000 · Wells Fargo Bank NA
Jun 20, 2016
—
Exeter 1200 Sw 35th LLC
—
Deed
related
$128,800,000 · Wells Fargo Bk
Mar 5, 2015
$7,100,000
Exeter 1200 Sw 35th LLC
Sterling Real Estate LLC
Grant Deed
—
Mar 5, 2015
—
Exeter 1200 Sw 35th LLC
Sterling Real Estate LLC
Quit Claim Deed
related
—
Feb 4, 1999
$1,150,000
Sterling Real Estate LLC
Kent Associates
Grant Deed
—
—
—
Sterling Real Estate LLC
—
Deed Of Trust
related
$2,337,000 · Northern Trust Bank Of Florida
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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