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Property profile & analytics
OFF-MARKET
Estimated value
$21,140,000
Office buildings
1675 Military Trl Boca Raton, FL 33486-4308
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-6076283
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2008
Construction
CONCRETE
Total area
66,206 SF
Lot
0.59 ac (25,792 SF)
Zoning code
CITY CG
APN
06-42-47-23-36-000-0012
UPID
US18-6076283
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
-
FOCUSNERVE Research Institute
-
Wells Fargo Advisors Financial Advisor
-
Comerica Bank - ATM Atm
-
Maria Hamilton Jewelers & Boutique (Bike/Boat/Book/etc) Store
-
Brodie & Friedman - Divorce Lawyers Boca Raton Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.20M
CAP Approach
CAP
$28.80M
Comparable Approach
Comparable
$16.55M
Blend (final)
Blend
$21.14M
Owner & transaction history
Tricera Milan Boca Property Owner L · 4 yrs held
Tricera Milan Boca Property Owner L
since 2021
Last sale
$20.0M
5 recorded transactions
Zoning & alternative use
CITY CG · 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
$28,310,000
ML approach
$13,200,000
CAP Approach
CAP Return
Estimation
6%
$31,195,000
6.5%
$28,795,000
7%
$26,740,000
Blend value · Realmo final
$21.14M
Range $19.03M – $23.25M · ±10% · vs last sale $20.00M (Dec 7 2021)
Last sale anchor
$20.00M
Dec 7 2021
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
$319 / 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
$366,053
Tax year 2023
Assessed value
$19,887,815
Assessed 2023
Previous assessed
$19,633,620
+1.3% YoY
Effective rate
1.84%
On assessed value
Assessed land
$1,877,006
Assessed improvement
$18,010,809
Land market value
$1,877,006
Improvement market value
$18,010,809
Total market value
$19,887,815
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
7
Total area
66,206 SF
Lot
0.59 ac (25,792 SF)
Zoning code
CITY CG
APN
06-42-47-23-36-000-0012
UPID
US18-6076283
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CITY CG · Boca Raton, FL
Zoning CITY CG · permitted uses
CITY CG · 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
2008
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
7
Lot
0.59 ac
Current owner
From public records · entity-resolved
Tricera Milan Boca Property Owner L
Entity
Mailing address
80 SW 8TH ST STE #2100, MIAMI, FL 33130-3047
Ownership since
2021
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
Dec 7, 2021
$20,000,000
Tricera Milan Boca Property Owner L
Center Realty Development LLC
Special Warranty Deed
$19,710,000 · Walker & Dunlop Investment Partner
Dec 3, 2013
—
5295 Center Realty Dev LLC
5295 Center Realty Condo Assn
Quit Claim Deed
related
—
May 24, 2006
—
5295 Center Realty Dev
Owner,record
Warranty Deed
related
—
Apr 7, 2006
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Mar 9, 2006
—
5295 Center Realty Dev LLC
5295 Realty Associates LLC
Quit Claim 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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