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Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Commercial land
2004 Executive Ctr Cir Boca Raton, FL 33431-7375
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-1742447
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1994
Construction
WOOD FRAME
Total area
6,560 SF
Lot
2.53 ac (110,207 SF)
Zoning code
R-B-1
APN
06-42-47-14-21-002-0000
UPID
US18-1742447
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
-
Vortex Public Insurance Claim Adjuster CO Consultant
-
Hilltop Duct Cleaning Company HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.74M
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.30M
Owner & transaction history
Hillstone Restaurant Group INC · 8 yrs held
Hillstone Restaurant Group INC
since 2017
4 recorded transactions
Zoning & alternative use
R-B-1 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,885,000
6.5%
$1,740,000
7%
$1,615,000
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±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
$197 / 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
$79,988
Tax year 2023
Assessed value
$4,529,965
Assessed 2023
Previous assessed
$6,210,649
-27.1% YoY
Effective rate
1.77%
On assessed value
Assessed land
$4,476,120
Assessed improvement
$53,845
Land market value
$4,476,120
Improvement market value
$53,845
Total market value
$4,529,965
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1994
Construction
WOOD FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Rooms
10
Total area
6,560 SF
Lot
2.53 ac (110,207 SF)
Zoning code
R-B-1
APN
06-42-47-14-21-002-0000
UPID
US18-1742447
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.
Building & site characteristics
From public records
Year built
1994
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Rooms
10
Lot
2.53 ac
Current owner
From public records · entity-resolved
Hillstone Restaurant Group INC
Entity
Free & Clear · 8 yrs held
Mailing address
3539 NORTHSIDE PKWY NW, ATLANTA, GA 30327-2309
Ownership since
2017
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
Dec 5, 2017
$9,350,000
Hillstone Restaurant Group INC
Cocozella LLC
Grant Deed
—
Sep 14, 2010
$3,392,000
Cocozella LLC
Db Five Grill LP
Special Warranty Deed
$2,210,000 · Wells Fargo Bank NA
Dec 30, 2008
$2,433,696
Db Five Grill LP
Brinker Florida INC
Warranty Deed
$7,672,826 · Colonial Bank
Aug 13, 2004
$2,239,700
Chilis Florida INC
Romanos Macaroni Grill INC
Warranty 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.
Try Rey
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