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Property profile & analytics
OFF-MARKET
Estimated value
$17,440,000
High-rise multifamily apartments
1645 Renaissance Cmns Blvd 139, Boynton Beach, FL 33426-8263
Entity Owned
8-yr Hold
Property ID
US18-6257834
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2018
Construction
STEEL FRAME
Total area
113,968 SF
Lot
3.35 ac (145,717 SF)
Zoning code
SMU
APN
08-43-45-17-15-004-0062
UPID
US18-6257834
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.44M
Owner & transaction history
Morguard Santorini Apts LLC · 8 yrs held
Morguard Santorini Apts LLC
since 2018
4 recorded transactions
Zoning & alternative use
SMU · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$153 / 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
$983,263
Tax year 2023
Assessed value
$47,804,602
Assessed 2023
Previous assessed
$45,891,466
+4.2% YoY
Effective rate
2.06%
On assessed value
Assessed land
$6,373,200
Assessed improvement
$41,431,402
Land market value
$6,373,200
Improvement market value
$41,431,402
Total market value
$47,804,602
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2018
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
6
Total area
113,968 SF
Lot
3.35 ac (145,717 SF)
Zoning code
SMU
APN
08-43-45-17-15-004-0062
UPID
US18-6257834
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
SMU · Boynton Beach, FL
Zoning SMU · permitted uses
SMU · 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.
Building & site characteristics
From public records
Year built
2018
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
6
Buildings
3
Lot
3.35 ac
Current owner
From public records · entity-resolved
Morguard Santorini Apts LLC
Entity
Mailing address
551 S POMPANO PKWY, POMPANO BEACH, FL 33069-3018
Ownership since
2018
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
Apr 21, 2020
—
Morguard Santorini Apts LLC
—
Deed
related
$26,250,000 · Grandbridge R/e Cap
Jun 19, 2018
$48,500,000
Morguard Santorini Apts LLC
1645 Renaissance LLC
Grant Deed
—
—
—
1645 Renaissance LLC
—
Deed Of Trust
$24,560,000 · Bank Of The Ozarks
—
—
Morguard Santorini Apts LLC
—
Deed Of Trust
related
$26,250,000 · Grandbridge R/e Cap
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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