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Property profile & analytics
FOR LEASE
Drug stores
12040 S Jog Rd Boynton Beach, FL 33437
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-4858872
For Lease
1 / 6
$30 SF/Yr
12040 S Jog Rd, Boynton Beach, FL 33437
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Property summary
AI-generated overview
This thriving 37,100 square foot retail center, built in 2004, is located at 12040 S Jog Rd, Boynton Beach, FL 33437, at the northeast corner of S Jog Road and Piper's Glen Boulevard. The property boasts a strong tenant mix, anchored by CVS, and includes popular businesses such as Dunkin' Donuts, Bamboo Wok, David Barry Designs, and Z Cleaners. Currently, there is 1,520 square feet of vacant retail space available for lease, perfect for a variety of businesses. The center features ample parking to accommodate customers and employees. The property is situated in Palm Beach County, Florida, benefiting from excellent traffic counts and visibility. This is a prime opportunity to invest in a well-established retail center with a proven track record of success. The multiple-tenancy structure provides a diversified income stream, and the existing tenant base ensures a stable and reliable investment. The available space presents a chance to expand your business or add a valuable asset to your portfolio. Don't miss this chance to secure a space in this thriving Boynton Beach commercial center.
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2004
Construction
CONCRETE
Total area
14,824 SF
Lot
5.08 ac (221,285 SF)
Zoning code
RT
APN
00-42-46-03-17-025-0000
UPID
US18-4858872
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
-
Kortnee Sindel Physician
-
Jodi Gray, PT Medical Clinic
-
Dr. Elan Salee Dental Office
-
Jeffrey Davison Physician
-
Jessie Barak Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.86M
Comparable Approach
Comparable
$3.30M
Blend (final)
Blend
$4.12M
Owner & transaction history
Pipers Of Jog LLC
Pipers Of Jog LLC
1 recorded transaction
Zoning & alternative use
RT · Boynton Beach, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,180,000
6.5%
$3,855,000
7%
$3,580,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,005,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,855,000
Change: -2% · Conversion: Moderate
MEDICAL BUILDING
$5,845,000
Change: -3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,180,000
Change: -14% · Conversion: Easy
OFFICE BUILDING
$4,990,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$4.12M
Range $3.71M – $4.53M · ±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
$278 / 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
$170,249
Tax year 2023
Assessed value
$10,033,978
Assessed 2023
Previous assessed
$9,052,380
+10.8% YoY
Effective rate
1.70%
On assessed value
Assessed land
$4,479,340
Assessed improvement
$5,554,638
Land market value
$4,479,340
Improvement market value
$5,554,638
Total market value
$10,033,978
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 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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
For Lease
Year built
2004
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Total area
14,824 SF
Lot
5.08 ac (221,285 SF)
Zoning code
RT
APN
00-42-46-03-17-025-0000
UPID
US18-4858872
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RT · Boynton Beach, FL
Zoning RT · permitted uses
RT · 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
RETAIL STORES Current
Est. value
$6.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.9M
MEDICAL BUILDING
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$5.2M
OFFICE BUILDING
Est. value
$5.0M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2004
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
5.08 ac
Current owner
From public records · entity-resolved
Pipers Of Jog LLC
Entity
Mailing address
1391 SAWGRASS CORPORATE PKWY, SUNRISE, FL 33323-2889
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Pipers Of Jog LLC
—
Deed Of Trust
related
$3,705,000 · Independence Community Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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