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Property profile & analytics
OFF-MARKET
Estimated value
$2,725,000
Turn key restaurants
2201 Federal Hwy, Boynton Beach, FL 33435-7715
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-8817427
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1977
Construction
WOOD
Total area
4,910 SF
Lot
0.94 ac (41,025 SF)
Zoning code
C3
APN
08-43-45-33-00-000-1031
UPID
US18-8817427
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
-
Green Dragon Dispensary Boynton Beach East Alternative Medicine Practice
-
Green Dragon Medical Weed Dispensary Boynton Beach East (Bike/Boat/Book/etc) Store
-
Huang LLC Big Box & Wholesale Store Building Supply
-
Gilby's Diner Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$2.73M
Owner & transaction history
Jb Vernon LLC · 2 yrs held
Jb Vernon LLC
since 2024
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
C3 · Boynton Beach, 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 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
$2,425,000
ML approach
$2,390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.73M
Range $2.45M – $3.00M · ±10% · vs last sale $3.14M (Apr 5 2024)
Last sale anchor
$3.14M
Apr 5 2024
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
$555 / 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
$33,388
Tax year 2023
Assessed value
$1,731,665
Assessed 2023
Previous assessed
$1,529,740
+13.2% YoY
Effective rate
1.93%
On assessed value
Assessed land
$912,784
Assessed improvement
$818,881
Land market value
$912,784
Improvement market value
$818,881
Total market value
$1,731,665
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1977
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
4,910 SF
Lot
0.94 ac (41,025 SF)
Zoning code
C3
APN
08-43-45-33-00-000-1031
UPID
US18-8817427
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C3 · Boynton Beach, FL
Zoning C3 · permitted uses
C3 · 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.
Building & site characteristics
From public records
Year built
1977
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Jb Vernon LLC
Entity
Mailing address
5300 BROKEN SOUND BLVD NW STE #110, BOCA RATON, FL 33487-3519
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2024
$3,135,000
Jb Vernon LLC
Sunsing LLC
Warranty Deed
—
Mar 25, 2020
$1,500,000
Sunsing LLC
Ccc Real Estate Holding Co LLC
Warranty Deed
—
Jul 19, 2019
$1,125,100
Ccc Real Estate Holding Co LLC
B & J Catering INC Coc
Trustees Deed
related
—
Aug 28, 2015
$850,000
B & J Catering INC
Culinary Solutions LLC
Warranty Deed
$1,890,000 · Newtek Small Busn Fin
Mar 23, 2015
$666,474
Culinary Solutions LLC
Anand Patel LLC
Warranty Deed
—
Mar 26, 2009
—
Anand Patel
—
Deed Of Trust
related
$3,700,000 · National Republic Bank Chicago
Feb 17, 2005
$650,000
Anand Patel LLC
Dennys Realty INC
Warranty Deed
$640,000 · Union Planters National Bank
—
—
B & J Catering INC
—
Loan Modification
related
$2,190,000 · Newtek Small Busn Fin
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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