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Property profile & analytics
OFF-MARKET
Estimated value
$4,900,000
Showrooms
150 Commerce Rd, Boynton Beach, FL 33426-9387
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3470305
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1998
Construction
STEEL FRAME
Total area
19,547 SF
Lot
1.27 ac (55,186 SF)
Zoning code
PID
APN
08-43-45-09-21-002-0160
UPID
US18-3470305
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
-
Amerope Enterprises Inc. Building Supply Industrial Manufacturer
-
Flip City Gym Gym & Fitness Center
-
Cheer Extreme Florida Gym & Fitness Center Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.90M
CAP Approach
CAP
$5.19M
Comparable Approach
Comparable
$4.20M
Blend (final)
Blend
$4.90M
Owner & transaction history
Ares Capital LLC · 1 yrs held
Ares Capital LLC
since 2024
Last sale
$4.9M
5 recorded transactions
Zoning & alternative use
PID · Boynton Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.9M
+35.4%
Neighborhood: shopping center
$7.7M
+32.0%
Medical building
$7.7M
+31.7%
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 Boynton Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boynton Beach 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
Method
Estimation
Statistic approach
$4,900,000
ML approach
$4,900,000
CAP Approach
CAP Return
Estimation
6%
$5,620,000
6.5%
$5,185,000
7%
$4,815,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,850,000
Current use
RETAIL STORES
$7,915,000
Change: +35% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$7,720,000
Change: +32% · Conversion: Difficult
MEDICAL BUILDING
$7,705,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$6,580,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$4.90M
Range $4.41M – $5.39M · ±10% · vs last sale $4.90M (Sep 26 2024)
Last sale anchor
$4.90M
Sep 26 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$251 / 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
$54,683
Tax year 2023
Assessed value
$2,867,430
Assessed 2023
Previous assessed
$2,867,430
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$993,348
Assessed improvement
$1,874,082
Land market value
$993,348
Improvement market value
$1,874,082
Total market value
$2,867,430
Applied tax rate
8,983.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
19,547 SF
Lot
1.27 ac (55,186 SF)
Zoning code
PID
APN
08-43-45-09-21-002-0160
UPID
US18-3470305
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PID · Boynton Beach, FL
Zoning PID · permitted uses
PID · Boynton Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boynton Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.9M
RETAIL STORES
Est. value
$7.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.7M
MEDICAL BUILDING
Est. value
$7.7M
OFFICE BUILDING
Est. value
$6.6M
COMMERCIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
Ares Capital LLC
Entity
Mailing address
3113 NW 25TH AVE STE #200, POMPANO BEACH, FL 33069-1030
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2026
—
Ares Capital LLC
—
Deed
related
$13,000,000
Feb 26, 2026
—
Ares Capital LLC
—
Deed
related
$13,000,000 · Newtek Bank NA
Sep 26, 2024
$4,900,000
Ares Capital LLC
150 Commerce LLC
Special Warranty Deed
$2,408,000 · Paradise Bank
Jul 25, 2016
$1,750,000
150 Commerce LLC
Amerope Investment Copmany
Warranty Deed
—
Jul 7, 1997
$179,400
Amerope Investment Co
Condor Investments Of Palm Bea
Grant Deed
$636,400 · Southtrust Bank Florida NA
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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