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Property profile & analytics
OFF-MARKET
Estimated value
$385,000
Grocery and convenience stores
214 Ocean Ave Boynton Beach, FL 33435-4538
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-0474950
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1974
Construction
CONCRETE
Total area
2,016 SF
Lot
0.29 ac (12,493 SF)
Zoning code
R3
APN
08-43-45-28-03-009-0050
UPID
US18-0474950
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
-
Kenny's Market Food Market Farmer's Market
-
Kenny's Grill &Market Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
$595k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$385k
Owner & transaction history
Ndp Properties LLC · 8 yrs held
Ndp Properties LLC
since 2018
6 recorded transactions
Zoning & alternative use
R3 · Boynton Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
e any or all of the following zoning districts: R-1-AAB single-family residential; R-1-AA single-family residential; R-1-A single-family residential; R-1 single-family residential; R-2 single and two-family residential; R-3 multi-family residential; IPUD infill planned unit development; PUD planned unit development; or MHPD mobile home planned development. R…
Zone name
Multi Family Residential
General category
RESIDENTIAL
Zone area
680.10 ac
Top alternative use upside
Commercial (general)
$820,000
+2.7%
Retail stores
$815,000
+2.5%
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 Boynton Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boynton Beach 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
$385,000
CAP Approach
CAP Return
Estimation
6%
$645,000
6.5%
$595,000
7%
$555,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$795,000
Current use
COMMERCIAL (GENERAL)
$820,000
Change: +3% · Conversion: Easy
RETAIL STORES
$815,000
Change: +3% · Conversion: Easy
MEDICAL BUILDING
$795,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$385k
Range $347k – $424k · ±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
$191 / 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
$11,794
Tax year 2023
Assessed value
$523,741
Assessed 2023
Previous assessed
$511,217
+2.4% YoY
Effective rate
2.25%
On assessed value
Assessed land
$327,889
Assessed improvement
$195,852
Land market value
$327,889
Improvement market value
$195,852
Total market value
$523,741
Applied tax rate
8,987.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1974
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,016 SF
Lot
0.29 ac (12,493 SF)
Zoning code
R3
APN
08-43-45-28-03-009-0050
UPID
US18-0474950
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
R3 · Boynton Beach, FLZoning R3 · permitted uses
R3 · Boynton Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
e any or all of the following zoning districts: R-1-AAB single-family residential; R-1-AA single-family residential; R-1-A single-family residential; R-1 single-family residential; R-2 single and two-family residential; R-3 multi-family residential; IPUD infill planned unit development; PUD planned unit development; or MHPD mobile home planned development. RESOURCE - See "Historic Preservation." RESTAURANT - An establishment engaged in pre
Zone name
Multi Family Residential
General category
RESIDENTIAL
Zone area
680.10 ac
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$795,000
COMMERCIAL (GENERAL)
Est. value
$820,000
RETAIL STORES
Est. value
$815,000
MEDICAL BUILDING
Est. value
$795,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1974
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Ndp Properties LLC
Entity
Mailing address
7241 HIGH RDG RD, BOYNTON BEACH, FL 33426-9309
Ownership since
2018
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
Aug 12, 2019
—
Ndp Properties LLC
—
Deed
related
$407,574 · Synovus Bank
May 17, 2018
—
Ndp Properties LLC
Jaymal Patel
Quit Claim Deed
related
$157,552 · Nimeshkumar V Patel
Mar 16, 2009
$150,000
Jaymal Patel
Patel,dushyant
Quit Claim Deed
related
—
Aug 20, 2007
$500,000
Nimeshkumar V Patel
Boynton Beach Farms INC
Warranty Deed
—
May 14, 2003
$250,000
Boynton Beach Farms INC
Pats Management INC
Grant Deed
—
Aug 16, 2000
$375,000
Pat's Management INC
Scully,kevin
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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