Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    17950 Congress Ave Boca Raton, FL 33487

    • Commercial land
    • 1.33 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6162972
    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

    • Commercial land

    Property Details for 17950 Congress Ave

    Lot size
    1.33 lot acres
    Zone code
    MUPD
    Property type
    Commercial land
    APN
    00-43-46-31-28-001-0020
    APU
    434631280010020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1017
    Latitude
    26.4106
    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
    $18,590
    $1,134,321
    $0.00
    $1,134,321
    -
    $1,134,321
    $0.00
    $1,134,321

    Comparable in this City

    • Value Estimation by Request
      0.27 Acres

      7875 Beacon Sq Blvd

      VACANT COMMERCIAL LAND • 0.27 Acres
      7875 Beacon Sq Blvd, Boca Raton, FL 33487-1305
      View Details
    • Value Estimation by Request
      0.15 Acres

      6099 Federal Hwy

      VACANT COMMERCIAL LAND • 1,440 SF
      6099 Federal Hwy, Boca Raton, FL 33487-3900
      View Details
    • Value Estimation by Request
      0.64 Acres

      5899 Federal Hwy

      VACANT COMMERCIAL LAND • 1,790 SF
      5899 Federal Hwy, Boca Raton, FL 33487-4049
      View Details
    • Value Estimation by Request
      4.46 Acres

      7th Ave

      VACANT COMMERCIAL LAND • 4.46 Acres
      7th Ave, Boca Raton, FL 33487
      View Details
    • Value Estimation by Request
      3.14 Acres

      Boca Raton, FL 33487

      VACANT COMMERCIAL LAND • 3.14 Acres
      Boca Raton, FL 33487
      View Details
    • Value Estimation by Request
      1.91 Acres

      Federal Hwy

      VACANT COMMERCIAL LAND • 1.91 Acres
      Federal Hwy, Boca Raton, FL 33487
      View Details

    Similar Nearby for Sale

    • $4,250,000
      0.23 Acres

      Waterfront Land with Boat Dock

      Prime waterfront land in Boca Raton with Intracoastal views.
      876 Forsyth St, Boca Raton, FL 33487
      View Details
    • $3,695,000

      East Boca Raton Mixed-Use Investment

      Seven-unit property, prime location, high demand.
      6940 Federal Hwy, Boca Raton, FL 33487
      View Details
    • $3,200,000

      Boca Raton Commercial Warehouse

      Versatile industrial property with premium office space in Boca Raton.
      1200 S Rogers Cir, Boca Raton, FL 33487
      View Details
    • $519,000
      1,097 SF

      Boca Raton Office Space Available

      Move-in ready office space with upgraded features and ample parking.
      6751 N Federal Hwy, Boca Raton, FL 33487
      View Details
    • New
      $4,900,000
      8,041 SF

      Highland Beach Quadplex Investment

      Luxurious quadplex in Highland Beach with high income potential.
      1121 Bel Air Dr, Highland Beach, FL 33487
      View Details
    • $2,850,000
      7,567 SF

      Boca Raton Office Building For Sale

      13-Unit Office Building, 7,567 SF
      7795 Beacon Square Blvd, Boca Raton, FL 33487
      View Details

    Similar Nearby for Lease

    • $27 SF/Yr
      137,000 SF

      750@Park: Boca Raton Office Space

      Prestigious Boca Raton office, flexible suites.
      750 Park Of Commerce Dr, Boca Raton, FL 33487
      View Details
    • $25 SF/Yr
      80,371 SF

      Boca Raton Flex Space Available

      Modern Flex Space, Boca Raton, FL
      1181 Rogers Cir, Boca Raton, FL 33487
      View Details
    • Contact for pricing

      Boca Raton Office Suite 300

      8,880 SF Premium Office Space
      1095 Broken Sound Pkwy, Boca Raton, FL 33487
      View Details
    • Contact for pricing
      42,038 SF

      Industrial Space in Boca Raton

      42,038 SF industrial space with highway access.
      644 Park Of Commerce Way, Boca Raton, FL 33487
      View Details
    • $48 SF/Yr

      Luxurious Furnished Office Space

      High-end, move-in ready office space in East Boca Raton.
      6751 403, Boca Raton, FL 33487
      View Details
    • Contact for pricing
      10,000 SF

      Boca Raton Office Space: 10,000 SF

      Prestigious Boca Raton office, 10,000 sq ft.
      1095 Broken Sound Pkwy, Boca Raton, FL 33487
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    17950 Congress Ave
    Boca Raton, FL 33487
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.