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Property profile & analytics
OFF-MARKET Estimated value $2,400,000
Showrooms

171 16th St Boca Raton, FL 33432-1606

7,400 SF 0.26 ac lot Built 1955
Entity Owned 2-yr Hold Free & Clear
Property ID
US18-4642006
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Trainor Metal Products Home Decor Store Department Store
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
Nole Investment LLC · 2 yrs held
Nole Investment LLC
since 2024
Last sale
$2.4M
1 recorded transaction
2024
$2.4M
Zoning & alternative use
M-2 · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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