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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Office buildings
219 23rd Ave, Boynton Beach, FL 33435-7619
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3517270
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1956
Construction
WOOD
Total area
1,725 SF
Lot
0.26 ac (11,252 SF)
Zoning code
C1
APN
08-43-45-33-03-000-0420
UPID
US18-3517270
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
-
Atlantic Blackstone Accounting & Tax & Elder Svcs Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
$750k
Comparable Approach
Comparable
$492k
Blend (final)
Blend
$715k
Owner & transaction history
Jlkm Management LLC · 2 yrs held
Jlkm Management LLC
since 2023
Last sale
$745,000
4 recorded transactions
Zoning & alternative use
C1 · Boynton Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$850,000
+66.1%
Commercial (general)
$700,000
+36.4%
Retail stores
$700,000
+36.2%
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
$665,000
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
$815,000
6.5%
$750,000
7%
$695,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$515,000
Current use
AUTO REPAIR, GARAGE
$850,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$700,000
Change: +36% · Conversion: Easy
RETAIL STORES
$700,000
Change: +36% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$680,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$680,000
Change: +33% · Conversion: Easy
WAREHOUSE, STORAGE
$455,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $745k (Dec 7 2023)
Last sale anchor
$745k
Dec 7 2023
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
$414 / 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
$7,143
Tax year 2023
Assessed value
$318,492
Assessed 2023
Previous assessed
$302,536
+5.3% YoY
Effective rate
2.24%
On assessed value
Assessed land
$149,188
Assessed improvement
$169,304
Land market value
$149,188
Improvement market value
$169,304
Total market value
$318,492
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1956
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
1,725 SF
Lot
0.26 ac (11,252 SF)
Zoning code
C1
APN
08-43-45-33-03-000-0420
UPID
US18-3517270
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C1 · Boynton Beach, FL
Zoning C1 · permitted uses
C1 · Boynton Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boynton Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$515,000
AUTO REPAIR, GARAGE
Est. value
$850,000
COMMERCIAL (GENERAL)
Est. value
$700,000
RETAIL STORES
Est. value
$700,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$680,000
MEDICAL BUILDING
Est. value
$680,000
WAREHOUSE, STORAGE
Est. value
$455,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1956
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Jlkm Management LLC
Entity
Mailing address
340 NW 183RD ST, MIAMI, FL 33169-4464
Ownership since
2023
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 7, 2023
$745,000
Jlkm Management LLC
Mbml Holdings LLC
Warranty Deed
—
Feb 21, 2020
$450,000
Mbml Holdings LLC
Cm&j Boynton Properties LLC
Warranty Deed
$1,680,000 · Berkshire Bank
Mar 4, 2015
$258,000
Cm & J Boynton Properties LLC
Tucker Joseph M & Beverly K
Warranty Deed
$100,000 · Chlovict Management Svcs LLC
Apr 23, 1999
$145,000
Joseph M Tucker
Kasten,kenneth A
Grant Deed
$118,750 · Sunbelt National Mortgage Co
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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