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Property profile & analytics
OFF-MARKET
Community centers
22191 Powerline Rd Boca Raton, FL 33433-5037
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4674485
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1988
Construction
CONCRETE
Total area
41,115 SF
Lot
5.74 ac (250,078 SF)
Zoning code
CG
APN
00-42-47-28-01-021-0040
UPID
US18-4674485
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
-
Health Mart Pharmacy
-
Elite Boca Dental Dental Office
-
Clearlyderm Dermatology Surgery and Vein Center Medical Clinic Skin Care Clinic
-
Clearlyderm Dermatology - Central Boca Raton Medical Clinic Skin Care Clinic
-
Dr. Sasha Chediak Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Krg Boca Raton Palms Plaza LLC · 4 yrs held
Krg Boca Raton Palms Plaza LLC
since 2022
Last sale
$35.8M
4 recorded transactions
Zoning & alternative use
CG · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The symbol city CG shall refer to the city CG commercial general district and shall be used to designate all land so zoned. (Ord. No. 5461, § 1, 10-23-18) Sec. 28-933. - Scope/adoption of regulations. Except as provided herein, all regulations set forth in the Palm Beach Unified Land Development Code (including Supplements 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, and…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
147.72 ac
Source
code of ordinances
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$477,237
Tax year 2023
Assessed value
$25,000,148
Assessed 2023
Previous assessed
$23,313,780
+7.2% YoY
Effective rate
1.91%
On assessed value
Assessed land
$11,253,420
Assessed improvement
$13,746,728
Land market value
$11,253,420
Improvement market value
$13,746,728
Total market value
$25,000,148
Applied tax rate
164.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
41,115 SF
Lot
5.74 ac (250,078 SF)
Zoning code
CG
APN
00-42-47-28-01-021-0040
UPID
US18-4674485
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · Boca Raton, FLZoning 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
Zoning description
The symbol city CG shall refer to the city CG commercial general district and shall be used to designate all land so zoned. (Ord. No. 5461, § 1, 10-23-18) Sec. 28-933. - Scope/adoption of regulations. Except as provided herein, all regulations set forth in the Palm Beach Unified Land Development Code (including Supplements 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, and 11, February 2002 Edition) in effect as of April 23, 2002, applicable to Palm Beach County's CG General Commercial zoning district ("ULDC") (including without limitation, development parameters and requirements, sign regulations, parking regulations, environmental regulations, and landscaping regulations) are incorporated herein and made a part hereof, shall constitute the regulations in this division, and shall apply in all city CG Commercial General districts; this incorporation of the ULDC is limited as follows: (i) no use shall be permitted unless specifically listed as a permitted or conditional use in
Zone name
General Commercial
General category
COMMERCIAL
Zone area
147.72 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1988
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
5.74 ac
Current owner
From public records · entity-resolved
Krg Boca Raton Palms Plaza LLC
Entity
Mailing address
30 S MERIDIAN ST STE #1100, INDIANAPOLIS, IN 46204-3565
Ownership since
2022
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
Jul 21, 2022
$35,750,000
Krg Boca Raton Palms Plaza LLC
Ch Rlty Vii R Boca Raton Palms Plaz
Special Warranty Deed
—
Jun 13, 2018
$30,200,000
Ch Realty Viii Of R Boca Raton Pa
Nadg Palms Plaza LP
Grant Deed
$17,500,000 · Wilmington Tr N #2015-c27 (ce)
Sep 13, 2011
$18,500,000
Nadg Palms Plaza LP
Bell Palms Plaza LLC
Grant Deed
—
—
—
Bell Palms Plaza LLC
—
Deed Of Trust
related
$16,000,000 · Wachovia Bk
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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