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Property profile & analytics
OFF-MARKET
Estimated value
$9,990,000
Commercial land
22 6th St Boca Raton, FL 33432-6016
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-1018627
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1977
Construction
WOOD FRAME
Total area
8,038 SF
Lot
0.6 ac (26,180 SF)
Zoning code
DDRI
APN
06-43-47-29-08-024-0271
UPID
US18-1018627
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
-
Tree Removal, Trimming Boca | Tree Techs Arbor Care Landscaping General Contractor
-
Elizabeth Elam Physician
-
James M. Burke, DPM Physician
-
Maureen Connelly Physician
-
Courtney Watkins, DPM Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.99M
Owner & transaction history
22 26 Southeast Sixth Street LLC · 5 yrs held
22 26 Southeast Sixth Street LLC
since 2021
Last sale
$10.2M
4 recorded transactions
Zoning & alternative use
DDRI · 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
$12,970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.99M
Range $8.99M – $10.99M · ±10% · vs last sale $10.20M (May 4 2021)
Last sale anchor
$10.20M
May 4 2021
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
$1,243 / 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
$128,202
Tax year 2023
Assessed value
$7,348,300
Assessed 2023
Previous assessed
$6,998,400
+5.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$7,348,300
Land market value
$7,348,300
Total market value
$7,348,300
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
1977
Construction
WOOD FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
8,038 SF
Lot
0.6 ac (26,180 SF)
Zoning code
DDRI
APN
06-43-47-29-08-024-0271
UPID
US18-1018627
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
DDRI · Boca Raton, FL
Zoning DDRI · permitted uses
DDRI · 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
1977
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
22 26 Southeast Sixth Street LLC
Entity
Free & Clear · 5 yrs held
Mailing address
303 INTERNATIONAL CIR STE #200, COCKEYSVILLE, MD 21030-1359
Ownership since
2021
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
May 4, 2021
$10,200,000
22 26 Southeast Sixth Street LLC
Group P6 D LLC
Special Warranty Deed
—
May 13, 2019
$43,050
Group P6-d LLC
Meritage Plaza LLC
Grant Deed
$3,500,000 · Taylor Made Lending LLC
Feb 23, 2015
$2,600,000
327 East Royal Palm Road LLC
E & M Holdings LLC
Special Warranty Deed
—
May 16, 2002
$765,000
E & M Holdings LLC
Newmann Trust
Grant Deed
related
$700,000 · Suntrust Bank NA
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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