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Property profile & analytics
OFF-MARKET
Estimated value
$3,230,000
Strip malls
17940 Military Trl, Boca Raton, FL 33496-2499
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-3511056
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Construction
CONCRETE
Total area
16,953 SF
Lot
1.64 ac (71,438 SF)
Zoning code
MUPD
APN
00-42-46-36-20-002-0000
UPID
US18-3511056
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
-
BioImage-2 Study Site Medical Clinic
-
Hantman Harlyne OD Physician
-
Addison Court Cleaners Inc (Bike/Boat/Book/etc) Store
-
Tropical Smoothie Cafe Restaurant
-
Sharon Cohen Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.23M
Owner & transaction history
Ljb2 LLC · 11 yrs held
Ljb2 LLC
since 2014
3 recorded transactions
Zoning & alternative use
MUPD · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Boca Raton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boca Raton 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$191 / 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
$107,869
Tax year 2023
Assessed value
$5,977,272
Assessed 2023
Previous assessed
$5,684,014
+5.2% YoY
Effective rate
1.80%
On assessed value
Assessed land
$2,861,390
Assessed improvement
$3,115,882
Land market value
$2,861,390
Improvement market value
$3,115,882
Total market value
$5,977,272
Applied tax rate
354.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
16,953 SF
Lot
1.64 ac (71,438 SF)
Zoning code
MUPD
APN
00-42-46-36-20-002-0000
UPID
US18-3511056
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MUPD · Boca Raton, FL
Zoning MUPD · permitted uses
MUPD · Boca Raton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boca Raton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.64 ac
Current owner
From public records · entity-resolved
Ljb2 LLC
Entity
Mailing address
3300 N FEDERAL HWY STE #250, FORT LAUDERDALE, FL 33306-1045
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2017
—
Ljb2 LLC
—
Loan Modification
related
$6,650,000 · Centerstate Bk/fl
Sep 29, 2014
$11,075,000
Ljb2 LLC
Hz Addison Court LLC
Grant Deed
$7,376,690 · Us Bank NA Series 2007-c3 (ce)
May 18, 2007
$9,100,000
Hz Addison Court LLC
Addison Court LLC
Warranty Deed
$7,800,000 · Lehman Brothers Bank Fsb
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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