Back to Search
Property profile & analytics
FOR LEASE
Office buildings
150 East Palmetto Park Rd Boca Raton, FL 33432
Individually Owned
1-yr Hold
Free & Clear
Property ID
US18-0969202
For Lease
1 / 6
$46,445,000
150 East Palmetto Park Rd, Boca Raton, FL 33432
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1969
Construction
STEEL FRAME
Total area
115,553 SF
Lot
1.65 ac (72,022 SF)
Zoning code
DDRI
APN
06-43-47-29-52-001-0000
UPID
US18-0969202
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
-
Gutman Valuation Services Real Estate Agency
-
Paper Warrior Translations Translation Service Service Establishment
-
Blue Sky Insurance Inc Insurance Agency
-
Timken Co Department Store
-
Principal Financial Group Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$50.26M
Comparable Approach
Comparable
$46.32M
Blend (final)
Blend
$46.45M
Owner & transaction history
Brian A Weiner Revocable Living Tru · 1 yrs held
Brian A Weiner Revocable Living Tru
since 2025
Last sale
$44.6M
6 recorded transactions
Zoning & alternative use
DDRI · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$57.1M
+36.2%
Retail stores
$46.1M
+10.0%
Neighborhood: shopping center
$45.7M
+9.0%
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
Method
Estimation
Statistic approach
$63,130,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$54,450,000
6.5%
$50,260,000
7%
$46,670,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$41,895,000
Current use
AUTO REPAIR, GARAGE
$57,075,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$46,075,000
Change: +10% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$45,650,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$45,545,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$46.45M
Range $41.80M – $51.09M · ±10% · vs last sale $44.60M (Aug 3 2021)
Last sale anchor
$44.60M
Aug 3 2021
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
$402 / 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
$693,261
Tax year 2023
Assessed value
$37,456,021
Assessed 2023
Previous assessed
$36,288,771
+3.2% YoY
Effective rate
1.85%
On assessed value
Assessed land
$10,965,045
Assessed improvement
$26,490,976
Land market value
$10,965,045
Improvement market value
$26,490,976
Total market value
$37,456,021
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
For Lease
Year built
1969
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
8
Total area
115,553 SF
Lot
1.65 ac (72,022 SF)
Zoning code
DDRI
APN
06-43-47-29-52-001-0000
UPID
US18-0969202
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
DDRI · Boca Raton, FL
Zoning DDRI · permitted uses
DDRI · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$41.9M
AUTO REPAIR, GARAGE
Est. value
$57.1M
RETAIL STORES
Est. value
$46.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$45.7M
MEDICAL BUILDING
Est. value
$45.5M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL 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
1969
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
8
Lot
1.65 ac
Current owner
From public records · entity-resolved
Brian A Weiner Revocable Living Tru
Individual
Free & Clear · 1 yrs held
Mailing address
1499 W PALMETTO PARK RD STE #415, BOCA RATON, FL 33486-3324
Ownership since
2025
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
Jul 9, 2025
$3,742,000
Brian A Weiner Revocable Living Tru
El Ad Mizner On The Green II LLC
Special Warranty Deed
—
Aug 3, 2021
$44,600,000
G&c 150 Palmetto Investors LLC
Dpf Palmetto Park Road LLC
Special Warranty Deed
$500,000 · Wells Fargo Bank NA
Dec 15, 2015
$35,750,000
Dpf Palmetto Park Road LLC
150 East Palmetto LLC
Grant Deed
—
Jul 12, 2005
$34,200,000
150 East Palmetto LLC
Ebp LLC I
Grant Deed
—
—
—
150 East Palmetto LLC
—
Deed Of Trust
related
$3,000,000 · Principal Life Insurance Co
—
—
150 East Palmetto LLC
—
Deed Of Trust
related
$2,761,960 · Principal Life Insurance Co
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?”
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.
