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Property profile & analytics
OFF-MARKET
Estimated value
$10,410,000
Medical Office Space
1700 Woolbright Rd Ste 1 Boynton Beach, FL 33426-6346
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-5551929
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Construction
CONCRETE
Total area
16,408 SF
Lot
2.7 ac (117,734 SF)
Zoning code
C1
APN
08-43-45-32-04-126-0000
UPID
US18-5551929
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
$9.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.03M
Blend (final)
Blend
$10.41M
Owner & transaction history
Aw Woolbright LLC · 3 yrs held
Aw Woolbright LLC
since 2022
Last sale
$11.1M
4 recorded transactions
Zoning & alternative use
C1 · Boynton Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
computerized storm surge model. COMMERCIAL ZONING DISTRICT - Whenever the words "commercial district" or "commercial zoning district" are used, they are construed to include any or all of the following zoning districts: C-1 office and professional commercial; C-2 neighborhood commercial; C-3 community commercial; C-4 general commercial; CBD central business…
Zone name
Office Professional Commercial
General category
COMMERCIAL
Zone area
72.72 ac
Top alternative use upside
Restaurant
$11.3M
+75.1%
Apartment house (5+ units)
$11.3M
+73.9%
Auto repair, garage
$8.1M
+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 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
$12,240,000
ML approach
$9,405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,465,000
Current use
RESTAURANT
$11,325,000
Change: +75% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,250,000
Change: +74% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,105,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$6,645,000
Change: +3% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,480,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$10.41M
Range $9.37M – $11.45M · ±10% · vs last sale $11.10M (Sep 23 2022)
Last sale anchor
$11.10M
Sep 23 2022
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
$634 / 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
$183,996
Tax year 2023
Assessed value
$8,270,712
Assessed 2023
Previous assessed
$8,046,771
+2.8% YoY
Effective rate
2.22%
On assessed value
Assessed land
$2,002,621
Assessed improvement
$6,268,091
Land market value
$2,002,621
Improvement market value
$6,268,091
Total market value
$8,270,712
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
16,408 SF
Lot
2.7 ac (117,734 SF)
Zoning code
C1
APN
08-43-45-32-04-126-0000
UPID
US18-5551929
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C1 · Boynton Beach, FLZoning C1 · permitted uses
C1 · Boynton Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
computerized storm surge model. COMMERCIAL ZONING DISTRICT - Whenever the words "commercial district" or "commercial zoning district" are used, they are construed to include any or all of the following zoning districts: C-1 office and professional commercial; C-2 neighborhood commercial; C-3 community commercial; C-4 general commercial; CBD central business district; and PCD planned commercial development. CODE 1958 - Any reference herein
Zone name
Office Professional Commercial
General category
COMMERCIAL
Zone area
72.72 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$6.5M
RESTAURANT
Est. value
$11.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.3M
AUTO REPAIR, GARAGE
Est. value
$8.1M
RETAIL STORES
Est. value
$6.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.5M
MEDICAL BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2000
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
2.7 ac
Current owner
From public records · entity-resolved
Aw Woolbright LLC
Entity
Mailing address
11780 US HWY 1ST STE #305, NORTH PALM BEACH, FL 33408-3042
Ownership since
2022
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
Sep 23, 2022
$11,100,000
Aw Woolbright LLC
Topmed Woolbright LLC
Special Warranty Deed
—
Aug 24, 2018
$5,525,000
Topmed Woolbright LLC
Hews Woolbright LLC
Grant Deed
—
—
—
Hews Woolbright LLC
—
Loan Modification
related
$3,196,969 · Aetna Life Insurance & Annuity
—
—
Hews Woolbright LLC
—
Deed Of Trust
related
$4,200,000 · Aetna Life Insurance & Annuity
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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