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Property profile & analytics
OFF-MARKET
Estimated value
$38,130,000
Hotels
2000 19th St Boca Raton, FL 33431-7362
Entity Owned
11-yr Hold
Free & Clear
Property ID
US19-0639417
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1982
Construction
CONCRETE
Total area
102,628 SF
Lot
5.63 ac (245,147 SF)
Zoning code
R-B-1
APN
06-42-47-14-19-001-0010
UPID
US19-0639417
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
-
Distressed Real Estate Investors Association Real Estate Agency
-
Chabad Synagogue
-
Meat Market Boca Raton Steakhouse Restaurant
-
Encore IT Consulting Firm Tech Support Center
-
Renaissance Boca Raton Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$45.48M
Blend (final)
Blend
$38.13M
Owner & transaction history
Tpg Boca Raton LLC · 11 yrs held
Tpg Boca Raton LLC
since 2014
6 recorded transactions
Zoning & alternative use
R-B-1 · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$50.7M
+17.9%
Commercial (general)
$45.4M
+5.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$42,995,000
Current use
AUTO REPAIR, GARAGE
$50,690,000
Change: +18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$45,370,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$40,920,000
Change: -5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$40,545,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$38.13M
Range $34.32M – $41.94M · ±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
$372 / 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
$435,230
Tax year 2023
Assessed value
$21,709,712
Assessed 2023
Previous assessed
$22,194,490
-2.2% YoY
Effective rate
2.00%
On assessed value
Assessed land
$8,939,700
Assessed improvement
$12,770,012
Land market value
$8,939,700
Improvement market value
$12,770,012
Total market value
$21,709,712
Applied tax rate
6,154.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1982
Construction
CONCRETE
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
5
Units
189
Total area
102,628 SF
Lot
5.63 ac (245,147 SF)
Zoning code
R-B-1
APN
06-42-47-14-19-001-0010
UPID
US19-0639417
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
R-B-1 · Boca Raton, FL
Zoning R-B-1 · permitted uses
R-B-1 · 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
HOTEL/MOTEL Current
Est. value
$43.0M
AUTO REPAIR, GARAGE
Est. value
$50.7M
COMMERCIAL (GENERAL)
Est. value
$45.4M
RETAIL STORES
Est. value
$40.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$40.5M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1982
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
5
Buildings
2
Units
189
Lot
5.63 ac
Current owner
From public records · entity-resolved
Tpg Boca Raton LLC
Entity
Free & Clear · 11 yrs held
Mailing address
1140 RESERVOIR AVE, CRANSTON, RI 02920-6032
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2022
—
Tpg Boca Raton LLC
—
Deed
related
$38,150,000 · Bank Of New England NA
Nov 19, 2014
$17,500,000
Tpg Boca Raton LLC
Pfl V LLC
Grant Deed
—
Sep 14, 2006
$31,500,000
Pfl V LLC
Trident-allied Associates LLC
Grant Deed
—
Sep 14, 2006
—
Pfl V LLC
Trident-allied Associates LLC
Grant Deed
related
—
Aug 19, 2005
$15,000,000
Trident Allied Associates LLC
Boca Raton Group Ltd
Warranty Deed
$35,000,000 · Gmac Commercial Mortgage Bank
—
—
Tpg Boca Raton LLC
—
Loan Modification
related
$18,450,000 · Jp Morgan Chase Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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