Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1300 1st Ave Boca Raton, FL 33432-1702

    • Office buildings
    • 4,855 SF
    • 1.19 lot acres
    OFF-MARKET
    Value Estimations
    $500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2544674
    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.

    Current Use by Public Records

    • Enterprise Rent-A-Car / Car Rental Agency / Van Rental Agency
    • National Car Rental / Car Rental Agency
    • Alamo Rent A Car / Car Rental Agency
    • Aries Coyote Inc / Water Utility Company

    Property Details for 1300 1st Ave

    Year built
    1981
    Construction
    CONCRETE
    Lot size
    1.19 lot acres
    Property size
    4,855 SF
    Zone code
    M-2
    Property type
    Office buildings
    APN
    06-43-47-17-11-005-0010
    APU
    6434717110050010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $500,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0864
    Latitude
    26.3625
    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
    $35,871
    $1,559,160
    $638,591
    $2,197,751
    -
    $1,559,160
    $638,591
    $2,197,751

    Comparable in this City

    • Value Estimation by Request

      99 Mizner Blvd, Unit 4

      OFFICE BUILDING
      99 Mizner Blvd, Boca Raton, FL 33432-5022
      View Details
    • Value Estimation
      $380,000
      2,566 SF

      151 Ocean Blvd

      OFFICE BUILDING (MULTI-STORY) • 2,566 SF
      151 Ocean Blvd, Boca Raton, FL 33432-4205
      View Details
    • Value Estimation
      $495,000
      6,630 SF

      181 Crawford Blvd

      OFFICE BUILDING (MULTI-STORY) • 6,630 SF
      181 Crawford Blvd, Boca Raton, FL 33432-3743
      View Details
    • Value Estimation
      $410,000
      5,312 SF

      400 2nd Ave

      OFFICE BUILDING (MULTI-STORY) • 5,312 SF
      400 2nd Ave, Boca Raton, FL 33432-5991
      View Details
    • Value Estimation
      $495,000
      7,856 SF

      50 2nd Ave

      OFFICE BUILDING (MULTI-STORY) • 7,856 SF
      50 2nd Ave, Boca Raton, FL 33432-4749
      View Details
    • Value Estimation
      $545,000
      11,922 SF

      299 Camino Gdns Blvd

      OFFICE BUILDING (MULTI-STORY) • 11,922 SF
      299 Camino Gdns Blvd, Boca Raton, FL 33432-5822
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      26,840 SF

      Walgreens Anchored Shopping Center

      26,840 SF shopping center anchored by Walgreens.
      1001 SW 2Nd Ave, Boca Raton, FL 33432
      View Details
    • Contact for pricing
      12,315 SF

      Boca Raton Office Space

      Office space near Brightline, Mizner Park, and Downtown Boca Raton.
      140 Nw 4Th St, Boca Raton, FL 33432
      View Details
    • $2,395,000
      0.23 Acres

      Por La Mar Land Opportunity

      10,000 sq ft lot near the ocean.
      810 E Fern Dr, Boca Raton, FL 33432
      View Details
    • $2,395,000
      0.23 Acres

      Por La Mar Land Opportunity

      Land parcel near the ocean in Boca Raton, Florida.
      800 W Fern Dr, Boca Raton, FL 33432
      View Details
    • $300,000

      Established Restaurant in Prime Location

      Turnkey Gyro restaurant in Mizner, Boca Raton's dining district.
      122 NE 2Nd St, West Palm Beach, FL 33432
      View Details
    • $2,495,000

      Downtown Boca Raton Storage Unit

      Two-story, 3,200 SF unit near downtown Boca Raton.
      214 SW 2Nd Ave, Boca Raton, FL 33432
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Office Building

      Premium office space in the heart of Downtown Boca Raton.
      150 East Palmetto Park Rd, Boca Raton, FL 33432
      View Details
    • $25 SF/Yr
      1,000 SF

      Four-Story Office Building For Rent

      107,333 SF office building near Downtown Boca Raton.
      1515 N Federal Hwy, Boca Raton, FL 33432
      View Details
    • Contact for pricing
      2,072 SF

      Class A Office Space

      Luxury office space in downtown Boca Raton near Mizner Park.
      101 N Federal Hwy, Boca Raton, FL 33432
      View Details
    • $38 SF/Yr
      5,572 SF

      LEED Gold Certified Office Space

      Class A office building with covered parking in Boca Raton.
      1799-1825 NW 2Nd Ave, Boca Raton, FL 33432
      View Details
    • $65 SF/Yr
      10,566 SF

      Trophy Office Tower in Boca

      Luxurious office tower with smart features and hyper-amenities.
      123-135 E Palmetto Park Rd, Boca Raton, FL 33432
      View Details
    • $22 SF/Yr
      16,624 SF

      Boca Raton Executive Suites

      Prestigious Mizner Park Office Space
      433 Plaza Real, Boca Raton, FL 33432
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1300 1st Ave
    Boca Raton, FL 33432-1702
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.