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Property profile & analytics
OFF-MARKET
Estimated value
$21,775,000
Hotels
1601 Congress Ave Boynton Beach, FL 33426-8207
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-5129658
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1988
Construction
STEEL FRAME
Total area
73,063 SF
Lot
8.1 ac (352,967 SF)
Zoning code
C3
APN
08-43-45-19-14-000-0050
UPID
US18-5129658
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
$13.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.78M
Owner & transaction history
Boynton Property Holdings LLC · 6 yrs held
Boynton Property Holdings LLC
since 2020
Last sale
$19.6M
2 recorded transactions
Zoning & alternative use
C3 · Boynton Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$36.1M
+17.9%
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
$13,155,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$30,610,000
Current use
AUTO REPAIR, GARAGE
$36,085,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$29,590,000
Change: -3% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$28,865,000
Change: -6% · Conversion: Difficult
MEDICAL BUILDING
$28,795,000
Change: -6% · Conversion: Difficult
OFFICE BUILDING
$24,590,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$21.78M
Range $19.60M – $23.95M · ±10% · vs last sale $19.61M (Jun 10 2020)
Last sale anchor
$19.61M
Jun 10 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
$298 / 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
$417,352
Tax year 2023
Assessed value
$18,327,522
Assessed 2023
Previous assessed
$16,759,738
+9.4% YoY
Effective rate
2.28%
On assessed value
Assessed land
$4,946,959
Assessed improvement
$13,380,563
Land market value
$4,946,959
Improvement market value
$13,380,563
Total market value
$18,327,522
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
6
Stories
5
Units
15
Rooms
9
Bathrooms
22
Total area
73,063 SF
Lot
8.1 ac (352,967 SF)
Zoning code
C3
APN
08-43-45-19-14-000-0050
UPID
US18-5129658
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
HOTEL/MOTEL Current
Est. value
$30.6M
AUTO REPAIR, GARAGE
Est. value
$36.1M
RETAIL STORES
Est. value
$29.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$28.9M
MEDICAL BUILDING
Est. value
$28.8M
OFFICE BUILDING
Est. value
$24.6M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
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
1988
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
5
Buildings
6
Units
15
Rooms
9
Bathrooms
22
Lot
8.1 ac
Current owner
From public records · entity-resolved
Boynton Property Holdings LLC
Entity
Mailing address
95 N COUNTY RD, PALM BEACH, FL 33480-4029
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
2 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
Jan 22, 2018
$19,609,139
Boulder Hotel Boynton Bch LLC
Oprock Boynton Fee LLC
Grant Deed
—
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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