Technical
Financial
Distress signals
Property profile

171 16th St Boca Raton, FL 33432

OFF-MARKET
Showrooms
Property ID
US18-4642006
7,400 SF 0.26 ac lot Built 1955
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 7,400-square-foot flex space in Boca Raton, Florida, presents a unique opportunity for businesses seeking a blend of warehouse and office functionality. Located at 171 NW 16th Street, 33432, this single-tenant industrial property offers ample space for diverse operational needs. The building boasts approximately 4,000 square feet of outdoor area, ideal for storage, loading, or expansion. Inside, the high ceilings, measuring 18 feet, provide significant vertical space, maximizing storage capacity and creating a spacious interior. Two grade-level loading doors ensure efficient and convenient access for loading and unloading goods. The property's strategic location in Boca Raton offers easy access to major transportation routes, enhancing logistical efficiency and streamlining operations. This single-tenant occupancy provides privacy and control over the entire space, allowing businesses to customize the layout and functionality to perfectly suit their specific requirements. The combination of warehouse and office space makes this property suitable for a wide range of businesses, from light manufacturing and distribution to office-based operations requiring additional storage or workshop space. This property is an excellent choice for businesses seeking a functional, well-located, and versatile industrial space in the thriving Boca Raton market.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1955
Construction CONCRETE
Total area 7,400 SF
Lot 0.26 ac (11,138 SF)
Zoning code M-2
APN 06-43-47-17-28-018-0072
UPID US18-4642006

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Decor Store Department Store

Location

171 16th St Boca Raton, FL 33432-1606
Boca Raton metro Census 7205 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.40M
CAP Approach CAP
$1.97M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.40M

Owner & transaction history

since 2024
Last sale
$2.4M
1 recorded transaction
2024
$2.4M

Zoning & alternative use

M-2 · Boca Raton, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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