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    12700 Military Trl Boynton Beach, FL 33436-6139
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    Property profile & analytics

    12700 Military Trl, Boynton Beach, FL 33436-6139

    View on Map
    • Grocery and convenience stores
    • 41,470 SF
    • 8.27 lot acres
    Off-Market
    Last Sale Feb 26, 2021
    $9,100,000
    Property ID
    US18-6337673
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $10,205,000
    Show details
    Cap Rate Potential
    6.2%
    Grocery and convenience stores
    Location Intelligence

    Current Use by 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

    Property Details for 12700 Military Trl

    Year built
    2015
    Construction
    CONCRETE
    Lot size
    8.27 lot acres
    Zone code
    CG
    Property type
    Grocery and convenience stores
    APN
    00-42-46-01-40-001-0000
    APU
    424601400010000

    Sales History

    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 $96k · Palm Beach Community Bank
    Jun 20, 2013 $4,000,000 Flavor Pict Properties LLC Wells Fargo Bk NA Grant Deed $3.5M · Branch Bk&tr
    — — Flavor Pict Properties LLC — Loan Modification · related $5M · Palm Bch Cmnty Bk
    — — Flavor Pict Properties LLC — Loan Modification · related $5M · Palm Bch Cmnty Bk

    Value 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

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Boynton Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1216
    Latitude
    26.4888
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $218,233
    $5,096,084
    $5,028,052
    $10,124,136
    -
    $5,096,084
    $5,028,052
    $10,124,136

    Comparable in this City

    • Value Estimation
      $2,965,000
      10,360 SF

      9840 Military Trl

      GROCERY, SUPERMARKET
      9840 Military Trl, Boynton Beach, FL 33436-3201
      View Details
    • Value Estimation
      $30,100,000
      40,854 SF

      11040 Military Trl

      GROCERY, SUPERMARKET
      11040 Military Trl, Golf, FL 33436-7217
      View Details
    • Value Estimation by Request
      2,926 SF

      2605 Woolbright Rd

      CONVENIENCE STORE
      2605 Woolbright Rd, Boynton Beach, FL 33436-6602
      View Details
    • Value Estimation
      $1,985,000
      2,496 SF

      11190 Military Trl

      CONVENIENCE STORE
      11190 Military Trl, Golf, FL 33436-7220
      View Details
    • Value Estimation
      $3,920,000
      18,687 SF

      3452 Boynton Bch Blvd

      GROCERY, SUPERMARKET
      3452 Boynton Bch Blvd, Boynton Beach, FL 33436-4610
      View Details
    • Value Estimation
      $2,080,000
      2,460 SF

      8840 Lawrence Rd

      CONVENIENCE STORE
      8840 Lawrence Rd, Boynton Beach, FL 33436-2384
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,420 SF

      Free-Standing Retail Building in Boynton

      12,420 SF retail building in Boynton Beach, Florida.
      12750 S Military Trl, Boynton Beach, FL 33436
      View Details
    • $250,000
      1,200 SF

      Established Dry Cleaning Business Opportunity

      Turnkey dry cleaning business in Boynton Beach, operating since 2004.
      10114 S Military Trl, Boynton Beach, FL 33436
      View Details
    • Contact for pricing
      10,192 SF

      Freestanding Restaurant in Active Corridor

      Versatile commercial property in Boynton Beach's established retail area.
      389 Winchester Park Blvd, Boynton Beach, FL 33436
      View Details
    • $289,900
      0.32 Acres

      Boynton Beach Land Opportunity

      Vacant 0.32-acre lot in a gated community.
      4131 Palo Verde Dr, Boynton Beach, FL 33436
      View Details
    • $525,000
      0.53 Acres

      Boynton Beach Land For Sale

      0.53 acre commercial land in Boynton Beach, Florida.
      Ruskin Ave, Boynton Beach, FL 33436
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,242 SF

      Retail Space in Boynton Beach

      Retail property in Boynton Beach with small shop space available.
      3603 W Woolbright Rd, Boynton Beach, FL 33436
      View Details
    • Contact for pricing
      4,395 SF

      Retail Space in Boynton Beach

      Retail property in Boynton Beach with high population density.
      11060 S Military Trl, Boynton Beach, FL 33436
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Boynton Beach

      Retail space available soon in Boynton Beach, Florida.
      3451-3499 W Woolbright Rd, Boynton Beach, FL 33436
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space Available For Lease

      6,000 SF retail space available for lease.
      11300 S Military Trl, Golf, FL 33436
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Boynton Beach

      Neighborhood shopping center with retail space for rent.
      9903 S Military Trl, Boynton Beach, FL 33436
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space in Boynton Beach

      Retail property in Boynton Beach with high population density.
      3411-3441 W Woolbright Rd, Boynton Beach, FL 33436
      View Details

    Property Visit Statistics

    • Visits by month
      79.8k
    • Visitors by month
      38.3k
    • Avg Time on site
      22 min
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    Boynton Beach, FL 33436-6139
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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