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Property profile & analytics
OFF-MARKET
Estimated value
$10,205,000
Grocery and convenience stores
12700 Military Trl Boynton Beach, FL 33436-6139
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-6337673
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2015
Construction
CONCRETE
Total area
41,470 SF
Lot
8.27 ac (360,402 SF)
Zoning code
CG
APN
00-42-46-01-40-001-0000
UPID
US18-6337673
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
-
Walmart Patio & Garden Services Landscaping General Contractor
-
Walmart Connection center Mobile Phone Store Electronics & Wireless Store
-
Walmart Pharmacy Pharmacy
-
Walmart Neighborhood Market Grocery & Convenience Store Food Market
-
Joseph's Locksmith Locksmith
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.79M
CAP Approach
CAP
$10.79M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.21M
Owner & transaction history
Carretta II LLC · 5 yrs held
Carretta II LLC
since 2021
Last sale
$9.1M
5 recorded transactions
Zoning & alternative use
CG · 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
$11,250,000
ML approach
$10,790,000
CAP Approach
CAP Return
Estimation
6%
$11,685,000
6.5%
$10,790,000
7%
$10,020,000
Alternative Use
Use
Estimation
RETAIL STORES
$16,795,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$16,385,000
Change: -2% · Conversion: Moderate
MEDICAL BUILDING
$16,345,000
Change: -3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,500,000
Change: -14% · Conversion: Easy
OFFICE BUILDING
$13,955,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$10.21M
Range $9.18M – $11.23M · ±10% · vs last sale $9.10M (Feb 26 2021)
Last sale anchor
$9.10M
Feb 26 2021
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
$246 / 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
$218,233
Tax year 2023
Assessed value
$10,124,136
Assessed 2023
Previous assessed
$9,888,413
+2.4% YoY
Effective rate
2.16%
On assessed value
Assessed land
$5,096,084
Assessed improvement
$5,028,052
Land market value
$5,096,084
Improvement market value
$5,028,052
Total market value
$10,124,136
Applied tax rate
354.0000
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2015
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
41,470 SF
Lot
8.27 ac (360,402 SF)
Zoning code
CG
APN
00-42-46-01-40-001-0000
UPID
US18-6337673
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · Boynton Beach, FL
Zoning CG · permitted uses
CG · 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
$16.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.4M
MEDICAL BUILDING
Est. value
$16.3M
COMMERCIAL (GENERAL)
Est. value
$14.5M
OFFICE BUILDING
Est. value
$14.0M
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
2015
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
8.27 ac
Current owner
From public records · entity-resolved
Carretta II LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1111 RUSSELL DR APT A, HIGHLAND BEACH, FL 33487-4278
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2021
$9,100,000
Carretta II LLC
Flavor Pict Properties LLC
Special Warranty Deed
—
Nov 18, 2016
—
Flavor Pict Properties LLC
—
Deed
related
$95,600 · Palm Beach Community Bank
Jun 20, 2013
$4,000,000
Flavor Pict Properties LLC
Wells Fargo Bk NA
Grant Deed
$3,530,000 · Branch Bk&tr
—
—
Flavor Pict Properties LLC
—
Loan Modification
related
$4,950,000 · Palm Bch Cmnty Bk
—
—
Flavor Pict Properties LLC
—
Loan Modification
related
$4,950,000 · Palm Bch Cmnty 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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