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    1380 Federal Hwy Boca Raton, FL 33432-2834
    Property profile & analytics

    1380 Federal Hwy, Boca Raton, FL 33432-2834

    View on Map
    • Grocery and convenience stores
    • 1,798 SF
    • 0.61 lot acres
    Off-Market
    Property ID
    US18-5532386
    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
    $500,000
    Show details
    Cap Rate Potential
    6.6%
    Grocery and convenience stores
    Location Intelligence

    Current Use by Public Records

    • Valero / Gas Station
    • ATM / Crypto Atm / Atm
    • Meyer Porta Potty Rentals / Building Supply
    • Miracle Mart / Grocery & Convenience Store
    • xpress Impact Doors & Windows of Boca Raton / Hardware & Home Improvement / Interior Design

    Property Details for 1380 Federal Hwy

    Year built
    1970
    Construction
    CONCRETE
    Lot size
    0.61 lot acres
    Zone code
    POI
    Property type
    Grocery and convenience stores
    APN
    06-43-47-20-15-001-0035
    APU
    6434720150010035

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 19, 2018 — 1380 North Federal Highway LLC — Deed · related $1.2M · Jesse James Investments INC
    Dec 23, 2015 $1,805,000 1380 North Federal Highway LLC Pf 1 LLC Warranty Deed $1.3M · Centerstate Bk/fl
    Jul 12, 1999 $1,600,000 P F #1 LLC Renzy Enterprises INC Grant Deed —
    — — 1380 North Federal Highway LLC — Deed Of Trust · related $142k · Jesse James Investments INC
    — — 1380 North Federal Highway LLC — Loan Modification · related $1.2M · Jesse James Investments INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $520,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $575,000
      6.5%
      $535,000
      7%
      $495,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $447,000
      Market price range: $253k - $448k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $710,000
      Current use
      RETAIL STORES
      $715,000
      Change: +1% Conversion: Easy
      MEDICAL BUILDING
      $710,000
      Change: -0% Conversion: Difficult
      OFFICE BUILDING
      $650,000
      Change: -8% Conversion: Moderate
      WAREHOUSE, STORAGE
      $615,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0811
    Latitude
    26.3629
    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
    $39,045
    $1,588,140
    $536,111
    $2,124,251
    -
    $1,588,140
    $536,111
    $2,124,251

    Comparable in this City

    • Value Estimation
      $5,745,000
      4,060 SF

      103 Palmetto Park Rd

      CONVENIENCE STORE
      103 Palmetto Park Rd, Boca Raton, FL 33432-3827
      View Details
    • Value Estimation
      $3,660,000
      12,480 SF

      855 Federal Hwy

      GROCERY, SUPERMARKET
      855 Federal Hwy, Boca Raton, FL 33432-6115
      View Details
    • Value Estimation
      $5,175,000
      32,598 SF

      100 Camino Real

      GROCERY, SUPERMARKET
      100 Camino Real, Boca Raton, FL 33432-5942
      View Details
    • Value Estimation
      $6,835,000
      38,614 SF

      1001 Federal Hwy

      GROCERY, SUPERMARKET
      1001 Federal Hwy, Boca Raton, FL 33432-7333
      View Details
    • Value Estimation
      $760,000
      2,448 SF

      300 Camino Real

      CONVENIENCE STORE
      300 Camino Real, Boca Raton, FL 33432-5706
      View Details
    • Value Estimation
      $605,000
      2,254 SF

      1701 Federal Hwy

      RETAIL STORES (PERSONAL SERVICES)
      1701 Federal Hwy, Boca Raton, FL 33432-7412
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      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
      4,214 SF

      Freestanding Commercial Building in Boca Raton

      4,200 SF commercial building in downtown Boca Raton.
      101 NW 3Rd St, Boca Raton, FL 33432
      View Details
    • Contact for pricing
      4,214 SF

      Boca Raton Freestanding Commercial Building

      Freestanding commercial building in downtown Boca Raton.
      101 NW 3Rd St, Boca Raton, FL 33432
      View Details
    • $2,300,000
      0.20 Acres

      Vacant Lot in Boca Raton

      Prime lot in East Boca Raton near beaches and Mizner Park.
      1001 NE 3Rd Ave, Boca Raton, FL 33432
      View Details
    • $795,000
      Pending

      Boca Raton Income-Producing Duplex

      Income-producing duplex near downtown Boca, beaches, and parks.
      314 SW 1St St, Boca Raton, FL 33432
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    Similar Nearby for Lease

    • Contact for pricing
      1,100 SF

      Retail Space For Rent

      Retail space available for lease in Boca Raton, Florida.
      2236 N Dixie Hwy, Boca Raton, FL 33432
      View Details
    • Contact for pricing
      1,750 SF

      Retail Space in Boca Raton

      Retail space available for lease in Boca Raton, Florida.
      174 Glades Rd, Boca Raton, FL 33432
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space For Rent

      Retail space available for lease in Boca Raton, Florida.
      146-148 S Federal Hwy, Boca Raton, FL 33432
      View Details
    • Contact for pricing
      850 SF

      Retail Space in Boca Raton

      Retail space available for lease in Boca Raton, Florida.
      1870-1940 NW 2Nd Ave, Boca Raton, FL 33432
      View Details
    • Contact for pricing
      4,092 SF

      Retail Space Near Starbucks

      Retail space available next to Starbucks with high visibility.
      1830 N Federal Hwy, Boca Raton, FL 33432
      View Details
    • Contact for pricing
      1,110 SF

      Retail Space in Boca Raton

      Retail space available for lease in Boca Raton, Florida.
      701-725 E Palmetto Park Rd, Boca Raton, FL 33432
      View Details
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    1380 Federal Hwy
    Boca Raton, FL 33432-2834
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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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