Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$12,040,000
High-rise multifamily apartments
1361 Federal Hwy Boca Raton, FL 33432-7377
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3029916
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1968
Construction
CONCRETE
Total area
75,767 SF
Lot
2.27 ac (98,733 SF)
Zoning code
R-4
APN
06-43-47-28-03-066-0010
UPID
US18-3029916
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
-
Boca Raton Import Export Courier Service Postal Service
-
Mobile Eyelashes & Facials Boca Raton Hair Salon
-
Custom Threadz, LLC Clothing Store Embroidery Shop
-
Aria Boca Raton Apartment Building
-
Furniture Assembly, TV Mounting Services Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.04M
Owner & transaction history
Cornwall Properties INC · 5 yrs held
Cornwall Properties INC
since 2020
6 recorded transactions
Zoning & alternative use
R-4 · Boca Raton, FL
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
$159 / 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
$223,207
Tax year 2023
Assessed value
$12,651,667
Assessed 2023
Previous assessed
$12,081,458
+4.7% YoY
Effective rate
1.76%
On assessed value
Assessed land
$2,839,700
Assessed improvement
$9,811,967
Land market value
$2,839,700
Improvement market value
$9,811,967
Total market value
$12,651,667
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1968
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
5
Units
73
Rooms
73
Bathrooms
22
Total area
75,767 SF
Lot
2.27 ac (98,733 SF)
Zoning code
R-4
APN
06-43-47-28-03-066-0010
UPID
US18-3029916
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
R-4 · Boca Raton, FLZoning R-4 · permitted uses
R-4 · Boca Raton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1968
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
5
Units
73
Rooms
73
Bathrooms
22
Lot
2.27 ac
Current owner
From public records · entity-resolved
Cornwall Properties INC
Entity
Mailing address
1801 S FEDERAL HWY, BOCA RATON, FL 33432-7413
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2020
—
Cornwall Properties INC
—
Deed
related
$9,264,000 · Jll R/e Cap LLC
Apr 19, 2017
—
Cornwall Properties INC
—
Deed
related
$6,500,000 · Seacoast Nat'l Bk
Dec 6, 2013
—
Cornwall Properties INC
—
Grant Deed
related
$8,000,000 · Seacoast National Bank
—
—
Cornwall Properties INC
—
Loan Modification
related
$6,500,000 · Seacoast Nat'l Bk
—
—
Cornwall Properties INC
—
Deed Of Trust
related
$3,000,000 · Washington Mutual Fsb
—
—
Cornwall Properties INC
—
Loan Modification
related
$9,264,000 · Jll R/e Cap LLC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1361 Federal Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
