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    Property profile & analytics

    1751 N Military Trl Boca Raton, FL 33486

    • Commercial land
    • 35,669 SF
    • 4.19 lot acres
    For Lease
    View listing
    Last Sale
    Sep 02, 2021
    $11,000,000
    Value Estimations
    $12,395,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0135357
    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.

    Current Use by Public Records

    • Database Recovery Service Corp. / Computer & Electronic Repair / (Bike/Boat/Book/etc) Store

    Property Details for 1751 N Military Trl

    Year built
    1983
    Lot size
    4.19 lot acres
    Property size
    35,669 SF
    Zone code
    CITY CG
    Property type
    Commercial land
    APN
    06-42-47-23-05-006-0000
    APU
    6424723050060000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $15,570,000
      ML approach
      $13,255,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,255,000
      6.5%
      $9,465,000
      7%
      $8,790,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $14,079,000
      Market price range: $1.68M - $38.9M

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

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1238
    Latitude
    26.3647
    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
    $131,964
    $7,659,288
    $16,565
    $7,675,853
    -
    $7,659,288
    $16,565
    $7,675,853

    Comparable in this City

    • Value Estimation
      $900,000
      0.60 Acres

      651 13th St

      VACANT COMMERCIAL LAND • 3,998 SF
      651 13th St, Boca Raton, FL 33486-2401
      View Details
    • Value Estimation
      $2,800,000
      1.94 Acres

      5377 Town Ctr Rd

      VACANT COMMERCIAL LAND • 1.94 Acres
      5377 Town Ctr Rd, Boca Raton, FL 33486-1001
      View Details
    • Value Estimation
      $1,475,000
      1.16 Acres

      1277 Palmetto Park Rd

      VACANT COMMERCIAL LAND • 4,302 SF
      1277 Palmetto Park Rd, Boca Raton, FL 33486-3317
      View Details
    • Value Estimation
      $4,520,000
      2.90 Acres

      745 Mdws Rd

      VACANT COMMERCIAL LAND • 32,543 SF
      745 Mdws Rd, Boca Raton, FL 33486-2324
      View Details
    • Value Estimation by Request
      0.30 Acres

      Palm Bch

      Land • 0.30 Acres
      0 Palm Bch, Boca Raton, FL 33486
      View Details
    • Value Estimation by Request
      3,792 SF

      1000 9Th Ct

      Medical Office Space • 3,792 SF
      1000 9Th Ct, Boca Raton, FL 33486
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,265 SF

      Medical Office Near Boca Raton Hospital

      Fully built-out medical office in Community Medical Plaza.
      801 Meadows Rd, Boca Raton, FL 33486
      View Details
    • Contact for pricing
      3,792 SF

      Medical Office Condo Investment

      Fully leased medical office condo near Baptist Boca Raton Hospital.
      1000 NW 9Th Ct, Boca Raton, FL 33486
      View Details
    • $469,000
      2,922 SF

      Medical Complex Near Boca Hospital

      Medical complex with lush landscaping and abundant parking.
      825-875 Meadows Rd, Boca Raton, FL 33486
      View Details
    • $380,000

      Boca Raton Salon Business Opportunity

      Established hair and nail salon in high-traffic Boca Raton plaza.
      1347-1349 W Palmetto Park Rd, Boca Raton, FL 33486
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      24,840 SF

      Boca Raton Office Space

      Office space available for lease in Boca Raton, Florida.
      1751 N Military Trl, Boca Raton, FL 33486
      View Details
    • Contact for pricing
      989 SF

      Retail Space in Boca Raton

      Retail space for lease in a busy Boca Raton center.
      1291-1309 W Palmetto Park Rd, Boca Raton, FL 33486
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail spaces available for lease.
      1339-1401 W Palmetto Park Rd, Boca Raton, FL 33486
      View Details
    • $55 SF/Yr
      7,137 SF

      Office Space For Lease

      Office space available for lease in Boca Raton, Florida.
      5355 Town Center Rd, Boca Raton, FL 33486
      View Details
    • Contact for pricing
      1,389 SF

      Boca Raton Medical Office Space

      Medical office space available for lease in Boca Raton, Florida.
      1001 NW 13Th St, Boca Raton, FL 33486
      View Details
    • Contact for pricing
      2,500 SF

      Boca Raton Office/Medical Suite

      First floor suite zoned for office or medical use.
      1599 NW 9Th Ave, Boca Raton, FL 33486
      View Details
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    Boca Raton, FL 33486
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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