Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,530,000
Drug stores
1601 Congress Ave Boynton Beach, FL 33426-6543
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-4492740
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2004
Construction
CONCRETE
Total area
19,123 SF
Lot
2.14 ac (93,397 SF)
Zoning code
C3
APN
08-43-45-31-17-002-0010
UPID
US18-4492740
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
-
The Bistro Restaurant
-
Donate a Car to Charity Boynton Beach FL Charitable Organization
-
Simply The Truth Ministries Church
-
FedEx OnSite Postal Service Courier Service
-
Walgreens Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.98M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.53M
Owner & transaction history
Boynton Property Holdings LLC · 6 yrs held
Boynton Property Holdings LLC
since 2020
7 recorded transactions
Zoning & alternative use
C3 · Boynton Beach, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,390,000
6.5%
$4,975,000
7%
$4,620,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$7,535,000
Change: -3% · Conversion: Difficult
OFFICE BUILDING
$6,435,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$4.53M
Range $4.08M – $4.98M · ±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
$237 / 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
$118,573
Tax year 2023
Assessed value
$5,389,695
Assessed 2023
Previous assessed
$5,289,324
+1.9% YoY
Effective rate
2.20%
On assessed value
Assessed land
$2,549,711
Assessed improvement
$2,839,984
Land market value
$2,549,711
Improvement market value
$2,839,984
Total market value
$5,389,695
Applied tax rate
8,984.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
19,123 SF
Lot
2.14 ac (93,397 SF)
Zoning code
C3
APN
08-43-45-31-17-002-0010
UPID
US18-4492740
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C3 · Boynton Beach, FL
Zoning C3 · permitted uses
C3 · 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
MEDICAL BUILDING
Est. value
$7.5M
OFFICE BUILDING
Est. value
$6.4M
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
2004
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.14 ac
Current owner
From public records · entity-resolved
Boynton Property Holdings LLC
Entity
Mailing address
22230 HOLLYHOCK TRL, BOCA RATON, FL 33433-4866
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2020
$19,000,000
Boynton Property Holdings LLC
Boulder Hotel Boynton Bch LLC
Grant Deed
$15,200,000 · Bank Of America
Apr 4, 2019
—
1601 S Congress LLC
—
Deed
related
$4,950,000 · Securityplus FCU
Jan 22, 2018
$19,609,139
Boulder Hotel Boynton Bch LLC
Oprock Boynton Fee LLC
Grant Deed
—
Dec 20, 2016
$105,000
1601 S Congrss LLC
Frist Re Venture LLC
Warranty Deed
—
Jul 1, 2016
—
Frist Re Ventures LLC
—
Deed
related
$4,600,000 · Sw Partners LLC
Jul 6, 2015
$4,400,000
Frist Re Ventures LLC
Woolbright Plaza Assocs LLC
Grant Deed
$4,600,000 · Sw Partners LLC
Nov 13, 2014
—
Florida Cmnty Bk
Florida Cmnty Bk Coc
Quit Claim Deed
related
—
—
—
Frist Re Ventures LLC
—
Loan Modification
related
$4,600,000 · Sw Partners LLC
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?”
You own 1601 Congress Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
