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Property profile & analytics
OFF-MARKET
Estimated value
$10,730,000
Warehouses
19200 State Rd 7th 7 Boca Raton, FL 33498-4763
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US18-3585157
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1998
Construction
CONCRETE
Total area
37,908 SF
Lot
2.71 ac (118,265 SF)
Zoning code
IL
APN
00-42-47-07-21-001-0000
UPID
US18-3585157
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.29M
Comparable Approach
Comparable
$11.48M
Blend (final)
Blend
$10.73M
Owner & transaction history
U-store-it LP · 16 yrs held
U-store-it LP
since 2010
4 recorded transactions
Zoning & alternative use
IL · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$15.1M
+16.6%
Neighborhood: shopping center
$15.0M
+15.5%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,895,000
6.5%
$7,290,000
7%
$6,770,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,960,000
Current use
RETAIL STORES
$15,115,000
Change: +17% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$14,975,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$10.73M
Range $9.66M – $11.80M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$283 / 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
$160,575
Tax year 2023
Assessed value
$11,566,062
Assessed 2023
Previous assessed
$11,566,062
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$2,302,600
Assessed improvement
$9,263,462
Land market value
$2,302,600
Improvement market value
$9,263,462
Total market value
$11,566,062
Applied tax rate
355.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
2
Total area
37,908 SF
Lot
2.71 ac (118,265 SF)
Zoning code
IL
APN
00-42-47-07-21-001-0000
UPID
US18-3585157
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IL · Boca Raton, FL
Zoning IL · permitted uses
IL · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$13.0M
RETAIL STORES
Est. value
$15.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.0M
WAREHOUSE, STORAGE Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Lot
2.71 ac
Current owner
From public records · entity-resolved
U-store-it LP
Entity
Mailing address
PO BOX 320099, ALEXANDRIA, VA 22320-4099
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2010
—
U-store-it LP
Ysi I LLC
Grant Deed
$450,000,000 · Wachovia Bank NA
Nov 4, 2004
$4,800,000
Ysi I LLC
Acquiport Of Amsdell I
Grant Deed
—
Apr 13, 2001
$1,341,000
Acquiport/amsdell I LP
441 Associates Ltd
Grant Deed
—
Apr 13, 2001
$1,094,000
George T Kelly
441 Associates Ltd
Grant Deed
—
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.
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