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Property profile & analytics
OFF-MARKET
Estimated value
$35,255,000
Medical Office Space
1601 Clint Moore Rd Boca Raton, FL 33487-2768
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-4468609
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Construction
CONCRETE
Total area
77,017 SF
Lot
9.39 ac (409,028 SF)
Zoning code
POI
APN
06-42-47-01-07-001-0010
UPID
US18-4468609
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
-
Robert I. Klein, DC Alternative Medicine Practice
-
Clinical Trials Management Llc Medical Clinic
-
South Florida Neuropsychology Medical Clinic
-
South Florida Neurology Associates, PA Physician Medical Clinic
-
Ramos Patricia L Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$33.96M
Blend (final)
Blend
$35.26M
Owner & transaction history
Aw Boca Clinic LLC · 6 yrs held
Aw Boca Clinic LLC
since 2020
Last sale
$34.0M
5 recorded transactions
Zoning & alternative use
POI · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$53.2M
+75.1%
Apartment house (5+ units)
$52.8M
+73.9%
Auto repair, garage
$38.0M
+25.3%
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
$39,065,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$30,355,000
Current use
RESTAURANT
$53,160,000
Change: +75% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$52,800,000
Change: +74% · Conversion: Moderate
AUTO REPAIR, GARAGE
$38,040,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$30,710,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$30,425,000
Change: +0% · Conversion: Difficult
WAREHOUSE, STORAGE
$26,335,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$35.26M
Range $31.73M – $38.78M · ±10% · vs last sale $34.00M (Mar 16 2020)
Last sale anchor
$34.00M
Mar 16 2020
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
$458 / 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
$532,609
Tax year 2023
Assessed value
$28,557,006
Assessed 2023
Previous assessed
$28,113,503
+1.6% YoY
Effective rate
1.87%
On assessed value
Assessed land
$3,867,071
Assessed improvement
$24,689,935
Land market value
$3,867,071
Improvement market value
$24,689,935
Total market value
$28,557,006
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
77,017 SF
Lot
9.39 ac (409,028 SF)
Zoning code
POI
APN
06-42-47-01-07-001-0010
UPID
US18-4468609
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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$30.4M
RESTAURANT
Est. value
$53.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$52.8M
AUTO REPAIR, GARAGE
Est. value
$38.0M
RETAIL STORES
Est. value
$30.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$30.4M
WAREHOUSE, STORAGE
Est. value
$26.3M
MEDICAL BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1984
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
9.39 ac
Current owner
From public records · entity-resolved
Aw Boca Clinic LLC
Entity
Mailing address
11780 US HWY 1ST STE #305, NORTH PALM BEACH, FL 33408-3042
Ownership since
2020
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
Mar 16, 2020
$34,000,000
Aw Boca Clinic LLC
Boca Raton Medical & Surgical Speci
Special Warranty Deed
$26,500,000 · Capital One Bank NA
Nov 21, 2018
—
Boca Raton Medical & Surgical
—
Loan Modification
related
$24,300,000 · Wells Fargo Bk
Oct 11, 2005
$7,000,000
Boca Raton Medical & Surgical Speci
Gmc Properties INC
Special Warranty Deed
$15,300,000 · Wachovia Bank NA
—
—
Boca Raton Medical & Surgical
—
Deed Of Trust
related
$6,000,000 · Wachovia Bank NA
—
—
Boca Raton Medical & Surgical
—
Deed Of Trust
related
$3,000,000 · Wachovia Bank 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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