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Property profile & analytics
OFF-MARKET
Estimated value
$10,160,000
Outlet malls
20841 State Rd 7th 7, Boca Raton, FL 33428-1325
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4999329
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1997
Construction
CONCRETE
Total area
41,410 SF
Lot
3.36 ac (146,340 SF)
Zoning code
MUPD
APN
00-41-47-13-24-000-0040
UPID
US18-4999329
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
$9.32M
CAP Approach
CAP
$10.77M
Comparable Approach
Comparable
$10.04M
Blend (final)
Blend
$10.16M
Owner & transaction history
20841 S State LLC · 4 yrs held
20841 S State LLC
since 2022
Last sale
$10.6M
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
Method
Estimation
Statistic approach
$9,625,000
ML approach
$9,320,000
CAP Approach
CAP Return
Estimation
6%
$11,670,000
6.5%
$10,770,000
7%
$10,005,000
Alternative Use
Use
Estimation
RETAIL STORES
$16,510,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$16,360,000
Change: -1% · Conversion: Moderate
MEDICAL BUILDING
$16,320,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$10.16M
Range $9.14M – $11.18M · ±10% · vs last sale $10.60M (Jul 7 2022)
Last sale anchor
$10.60M
Jul 7 2022
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
$245 / 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
$116,610
Tax year 2023
Assessed value
$6,559,677
Assessed 2023
Previous assessed
$5,290,534
+24.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$3,386,261
Assessed improvement
$3,173,416
Land market value
$3,386,261
Improvement market value
$3,173,416
Total market value
$6,559,677
Applied tax rate
355.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
41,410 SF
Lot
3.36 ac (146,340 SF)
Zoning code
MUPD
APN
00-41-47-13-24-000-0040
UPID
US18-4999329
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$16.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.4M
MEDICAL BUILDING
Est. value
$16.3M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1997
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.36 ac
Current owner
From public records · entity-resolved
20841 S State LLC
Entity
Mailing address
530 B ST STE #2050, SAN DIEGO, CA 92101-4496
Ownership since
2022
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
Apr 11, 2023
—
20841 S State LLC
—
Deed
related
$21,000,000 · Wells Fargo Bank NA
Jul 7, 2022
$10,600,000
20841 S State LLC
Pan York Glades LLC
Warranty Deed
$13,150,000 · Cardens Three
Dec 13, 2013
$10,075,000
Pan York Glades LLC
Boca Glades Limited Partnership
Special Warranty Deed
$7,070,000 · Ladder Capital Finance LLC
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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