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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Turn key restaurants
21733 State Rd 7th 7 Boca Raton, FL 33428-2801
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-2490979
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1993
Construction
CONCRETE
Total area
6,890 SF
Lot
0.75 ac (32,683 SF)
Zoning code
CG
APN
00-41-47-24-09-005-0000
UPID
US18-2490979
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
$630k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$766k
Blend (final)
Blend
$700k
Owner & transaction history
Afi Boca LLC · 11 yrs held
Afi Boca LLC
since 2015
7 recorded transactions
Zoning & alternative use
CG · 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
$630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$102 / 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
$44,548
Tax year 2023
Assessed value
$2,486,876
Assessed 2023
Previous assessed
$2,321,560
+7.1% YoY
Effective rate
1.79%
On assessed value
Assessed land
$1,113,803
Assessed improvement
$1,373,073
Land market value
$1,113,803
Improvement market value
$1,373,073
Total market value
$2,486,876
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1993
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
6,890 SF
Lot
0.75 ac (32,683 SF)
Zoning code
CG
APN
00-41-47-24-09-005-0000
UPID
US18-2490979
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · Boca Raton, FL
Zoning CG · permitted uses
CG · 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
1993
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Afi Boca LLC
Entity
Mailing address
40 NE LOOP 410TH STE #607, SAN ANTONIO, TX 78216-5883
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2015
$3,883,085
Afi Boca LLC
440 South Catalina Street LLC
Grant Deed
$170,000 · Hi Desert Mobile Home Park LLC
Aug 21, 2013
$3,240,000
440 South Catalina Street LLC
Midwest Restaurant Group LLC
Grant Deed
—
Sep 11, 2009
—
Midwest Restaurant Group LLC
—
Deed Of Trust
related
$5,925,000 · Churchill/midwest Fndg LP
Jul 7, 2009
—
Midwest Restaurant Group LLC
Spirit Master Funding IV LLC
Grant Deed
—
Mar 4, 2008
—
Gmri-sb Properties LLC
Gmri INC
Quit Claim Deed
—
Mar 4, 2008
$2,484,875
Spirit Master Funding IV LLC
Gmr Restaurants Of Pennsylvania I
Grant Deed
—
—
—
Midwest Restaurant Group LLC
—
Deed Of Trust
related
$934,965 · Churchill/midwest Fndg LP
—
—
440 South Catalina Street LLC
—
Deed Of Trust
related
$2,145,000 · Floridian Community Bank
—
—
Midwest Restaurant Group LLC
—
Deed Of Trust
related
$2,062,500 · Enterprise Bank
—
—
Midwest Restaurant Group LLC
—
Deed Of Trust
related
$2,062,500 · Enterprise Bank
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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