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    171 16th St Boca Raton, FL 33432-1606
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    Property profile & analytics

    171 16th St Boca Raton, FL 33432-1606


    • Showrooms
    • 7,400 SF
    • 0.26 lot acres
    Off-Market
    Last Sale Jul 2, 2024
    $2,400,000
    Property ID
    US18-4642006
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $2,400,000
    Show details
    Cap Rate Potential
    5.3%
    Showrooms
    Location Intelligence

    Current Use by Public Records

    • Trainor Metal Products / Home Decor Store / Department Store

    Property Details for 171 16th St

    Year built
    1955
    Construction
    CONCRETE
    Lot size
    0.26 lot acres
    Property size
    7,400 SF
    Zone code
    M-2
    Property type
    Showrooms
    APN
    06-43-47-17-28-018-0072
    APU
    6434717280180072

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $2,400,000
      ML approach
      $2,400,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $2,130,000
      6.5%
      $1,965,000
      7%
      $1,825,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0894
    Latitude
    26.3648
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,569
    $356,384
    $379,672
    $736,056
    -
    $356,384
    $379,672
    $736,056
    More about this property
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