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Property profile & analytics
OFF-MARKET
Estimated value
$23,510,000
Office buildings
1499 Palmetto Park Rd Boca Raton, FL 33486-3328
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-3796219
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1979
Construction
STEEL FRAME
Total area
87,146 SF
Lot
1.74 ac (75,956 SF)
Zoning code
POI
APN
06-42-47-24-02-011-0130
UPID
US18-3796219
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
-
Wendi Cassand, LCSW, CAP Psychotherapist
-
Bloomfield Robert CPA Accounting Firm Tax Preparation
-
HUB Transportation Insurance Agency
-
Kone & Kone Law Firm
-
BRPH Co Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$23.51M
Owner & transaction history
G&c 1499 Noca Investors LLC · 10 yrs held
G&c 1499 Noca Investors LLC
since 2016
7 recorded transactions
Zoning & alternative use
POI · 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
$270 / 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
$294,577
Tax year 2023
Assessed value
$14,706,897
Assessed 2023
Previous assessed
$14,396,817
+2.2% YoY
Effective rate
2.00%
On assessed value
Assessed land
$1,367,932
Assessed improvement
$13,338,965
Land market value
$1,367,932
Improvement market value
$13,338,965
Total market value
$14,706,897
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
4
Total area
87,146 SF
Lot
1.74 ac (75,956 SF)
Zoning code
POI
APN
06-42-47-24-02-011-0130
UPID
US18-3796219
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
POI · Boca Raton, FL
Zoning POI · permitted uses
POI · 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
1979
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
4
Lot
1.74 ac
Current owner
From public records · entity-resolved
G&c 1499 Noca Investors LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1499 W PALMETTO PARK RD STE #415, BOCA RATON, FL 33486-3324
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2025
—
1489 Boca Investors LLC
—
Deed
related
$19,685,751 · City National Bank Of Florida
Feb 14, 2022
—
G&c 1499 Boca Investors LLC
—
Deed
related
$18,000,000 · Gsf 2021 1 Issuer LLC
Apr 5, 2021
—
Gsf 2021 I Depositor LLC
—
Deed
related
—
Mar 18, 2021
—
G&c 1499 Boca Investors LLC
—
Deed
related
$9,000,000 · Gsf Lender LLC
Mar 7, 2016
$9,550,000
G&c 1499 Noca Investors LLC
1499 Realty Corp
Special Warranty Deed
—
—
—
1499 Realty Corp
—
Deed Of Trust
related
$5,500,000 · Us Century Bk
—
—
1499 Realty Corp
—
Loan Modification
related
$5,152,431 · Us Century Bk
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.
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