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Property profile & analytics
FOR LEASE
Strip malls
1580 NW 2Nd Ave, Boca Raton, FL 33432
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-3424657
For Lease
1 / 2
$24 SF/Yr
1580 NW 2Nd Ave, Boca Raton, FL 33432
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1974
Construction
WOOD
Total area
9,012 SF
Lot
0.86 ac (37,597 SF)
Zoning code
B-1
APN
06-43-47-17-29-013-0120
UPID
US18-3424657
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
-
STAR Beauty Hair Salon Nail Salon
-
BareSkinLaser Medical Clinic Skin Care Clinic
-
Boca Day Spa Alternative Medicine Practice Spa & Massage Center
-
Don’t Quit Your Daydreams (Bike/Boat/Book/etc) Store
-
Lari Nails Studio | Manicure | Gel Polish | Regular Polish | Pedicure | Acrylic | Fiber Glass Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.01M
Blend (final)
Blend
$1.45M
Owner & transaction history
Pines Poinciana Plaza Invs LLC · 10 yrs held
Pines Poinciana Plaza Invs LLC
since 2016
4 recorded transactions
Zoning & alternative use
B-1 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±10%
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
$160 / 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
$39,019
Tax year 2023
Assessed value
$2,132,623
Assessed 2023
Previous assessed
$2,006,521
+6.3% YoY
Effective rate
1.83%
On assessed value
Assessed land
$939,875
Assessed improvement
$1,192,748
Land market value
$939,875
Improvement market value
$1,192,748
Total market value
$2,132,623
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1974
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
9,012 SF
Lot
0.86 ac (37,597 SF)
Zoning code
B-1
APN
06-43-47-17-29-013-0120
UPID
US18-3424657
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Boca Raton, FL
Zoning B-1 · permitted uses
B-1 · 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
1974
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Pines Poinciana Plaza Invs LLC
Entity
Mailing address
215 N FEDERAL HWY, BOCA RATON, FL 33432-3994
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2016
$1,985,000
Pines Poinciana Plaza Invs LLC
Poinciana Plaza Br LP
Warranty Deed
—
Apr 23, 2002
$950,000
Plaza Br LP Poinciana
Finver,leon & Linda
Grant Deed
$650,000 · Bankatlantic Fsb
—
—
Poinciana Plaza Br
—
Deed Of Trust
related
$750,000 · Gulfstream Business Bank
—
—
1877 S Federal Investments LLC
—
Deed Of Trust
related
$6,000,000 · Landmark 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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