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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Industrial properties
131 13th St Boca Raton, FL 33432-1637
Individually Owned
23-yr Hold
Free & Clear
Property ID
US18-2149677
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1990
Construction
CONCRETE
Total area
7,412 SF
Lot
0.17 ac (7,405 SF)
Zoning code
M-2
APN
06-43-47-19-29-000-0050
UPID
US18-2149677
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
-
Dyna Pep Energy Business To Business Service Store
-
Medical Massage Alternative Medicine Practice Spa & Massage Center
-
Pa' Ti Beauty Spa & Massage Center Skin Care Clinic
-
Kukes-Simons Interiors Inc Interior Design Home Decor Store
-
SK8-X (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.03M
Owner & transaction history
Glades First Court Assoc Ltd · 23 yrs held
Glades First Court Assoc Ltd
since 2003
4 recorded transactions
Zoning & alternative use
M-2 · Boca Raton, 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 Boca Raton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boca Raton 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$139 / 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
$23,638
Tax year 2023
Assessed value
$1,446,074
Assessed 2023
Previous assessed
$1,274,074
+13.5% YoY
Effective rate
1.63%
On assessed value
Assessed land
$580,732
Assessed improvement
$865,342
Land market value
$580,732
Improvement market value
$865,342
Total market value
$1,446,074
Applied tax rate
6,154.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1990
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
4
Total area
7,412 SF
Lot
0.17 ac (7,405 SF)
Zoning code
M-2
APN
06-43-47-19-29-000-0050
UPID
US18-2149677
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
M-2 · Boca Raton, FL
Zoning M-2 · permitted uses
M-2 · Boca Raton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boca Raton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.17 ac
Current owner
From public records · entity-resolved
Glades First Court Assoc Ltd
Individual
Free & Clear · 23 yrs held
Mailing address
123 NW 13TH ST STE #223, BOCA RATON, FL 33432-1624
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2019
—
North Dixie Center LLC
—
Loan Modification
related
$34,000,000 · City Nat'l Bk/fl
Mar 9, 2018
—
Reel State Adventures LLC
—
Loan Modification
related
$16,941,338 · Florida Cmnty Bk NA
Apr 8, 2013
—
Reel State Adventures LLC
—
Deed Of Trust
related
$16,480,000 · Florida Community Bank
Jun 3, 2003
$10,250,000
Glades First Court Assoc Ltd
—
Grant Deed
related
—
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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