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

    1347-1349 W Palmetto Park Rd Boca Raton, FL 33486

    • Community centers
    • 12,000 SF
    • 4.16 lot acres
    For Sale
    View listing
    $395,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3658410
    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

    • Albert Heller: Allstate Insurance / Insurance Agency / Auto Insurance Agency
    • Allstate: Craig Delanoy / Auto Insurance Agency / Home Insurance Agency

    Property Details for 1347-1349 W Palmetto Park Rd

    Year built
    1976
    Construction
    CONCRETE
    Lot size
    4.16 lot acres
    Property size
    12,000 SF
    Zone code
    R-B-1
    Property type
    Community centers
    APN
    06-42-47-24-02-011-0150
    APU
    6424724020110150

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,850,000
      6.5%
      $3,555,000
      7%
      $3,300,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $4,740,000
      Current use
      RETAIL STORES
      $4,785,000
      Change: +1% Conversion: Easy
      MEDICAL BUILDING
      $4,730,000
      Change: -0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1129
    Latitude
    26.3531
    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
    $128,472
    $2,573,872
    $3,928,609
    $6,502,481
    -
    $2,573,872
    $3,928,609
    $6,502,481

    Comparable in this City

    • Value Estimation by Request
      1,077,005 SF

      1339-1401 Palmetto Park Rd

      Lifestyle centers • 1,077,005 SF
      1339-1401 Palmetto Park Rd, Boca Raton, FL 33486
      View Details
    • Value Estimation
      $3,605,000
      14,406 SF

      1279 Palmetto Park Rd

      MINI-MALL • 14,406 SF
      1279 Palmetto Park Rd, Boca Raton, FL 33486-3301
      View Details
    • Value Estimation by Request
      46,159 SF

      5050 Town Ctr Cir

      MINI-MALL • 46,159 SF
      5050 Town Ctr Cir, Boca Raton, FL 33486-1004
      View Details
    • Value Estimation by Request
      0.89 Acres

      Town Ctr Cir

      SHOPPING CENTER COMMON AREA • 0.89 Acres
      Town Ctr Cir, Boca Raton, FL 33486
      View Details
    • Value Estimation
      $13,540,000
      101,293 SF

      1401 Palmetto Park Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 101,293 SF
      1401 Palmetto Park Rd, Boca Raton, FL 33486-3329
      View Details
    • Value Estimation
      $840,000
      5,245 SF

      1215 Palmetto Park Rd

      SHOPPING CENTER, STRIP CENTER • 5,245 SF
      1215 Palmetto Park Rd, Boca Raton, FL 33486-3315
      View Details

    Similar Nearby for Sale

    • $395,000

      Established Salon Business Opportunity

      Profitable hair and nail salon in high-traffic Boca Raton plaza.
      1347-1349 W Palmetto Park Rd, Boca Raton, FL 33486
      View Details
    • $469,000
      2,922 SF

      Medical Complex Near Boca Hospital

      Medical complex with lush landscaping and abundant parking.
      825-875 Meadows Rd, Boca Raton, FL 33486
      View Details
    • Contact for pricing
      1,287 SF

      Medical Office Near Boca Raton Hospital

      Fully built-out medical office in Community Medical Plaza.
      801 Meadows Rd, Boca Raton, FL 33486
      View Details
    • $1,800,000
      3,792 SF

      Medical Office Condo Investment

      Fully leased medical office condo near Baptist Boca Raton Hospital.
      1000 NW 9Th Ct, Boca Raton, FL 33486
      View Details
    • $1,800,000
      3,792 SF

      Boca Raton Medical Office Building

      Fully Leased, High-Return Medical Office
      1000 9Th Ct, Boca Raton, FL 33486
      View Details
    • $1,069,900

      Remodeled Duplex with Impact Windows

      Completely remodeled duplex featuring impact windows and remodeled pool.
      450 W Conference Dr, Boca Raton, FL 33486
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,077,005 SF

      Boca Raton Retail Center Investment

      Prime Boca Raton Shopping Center Space Available
      1339-1401 Palmetto Park Rd, Boca Raton, FL 33486
      View Details
    • Contact for pricing
      989 SF

      Retail Space in Boca Raton

      Retail opportunity near Publix in a high-traffic Boca Raton location.
      1341-1357 W Palmetto Park Rd, Boca Raton, FL 33486
      View Details
    • Contact for pricing
      100,000 SF

      Retail Space in Boca Raton

      Retail opportunity in a high-traffic Boca Raton shopping center.
      1381-1401 W Palmetto Park Rd, Boca Raton, FL 33486
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Boca Raton

      Retail space available in a busy Boca Raton shopping center.
      1339-1341 W Palmetto Park Rd, Boca Raton, FL 33486
      View Details
    • Contact for pricing
      3,250 SF

      Retail Space in Boca Raton

      Retail space for lease in a busy Boca Raton center.
      1291-1309 W Palmetto Park Rd, Boca Raton, FL 33486
      View Details
    • $384 /Mo
      27,862 SF

      Boca Raton Class A Office Space

      Modern Suites, Prime Location, Flexible Sizes
      5295 Town Center Rd, Boca Raton, FL 33486
      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.
    1347-1349 W Palmetto Park Rd
    Boca Raton, FL 33486
    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.