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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Medical Office Space
2235 Federal Hwy Boynton Beach, FL 33435-2433
Individually Owned
1-yr Hold
Free & Clear
Property ID
US18-9635375
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2013
Construction
WOOD
Total area
4,532 SF
Lot
0.43 ac (18,944 SF)
Zoning code
C2
APN
08-43-45-15-03-000-0302
UPID
US18-9635375
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
-
Colonial Gateway Veterinary Center Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$425k
CAP Approach
CAP
$920k
Comparable Approach
Comparable
$699k
Blend (final)
Blend
$680k
Owner & transaction history
Martin Federal Veterinary Services · 1 yrs held
Martin Federal Veterinary Services
since 2025
7 recorded transactions
Zoning & alternative use
C2 · Boynton Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
AL ZONING DISTRICT - Whenever the words "commercial district" or "commercial zoning district" are used, they are construed to include any or all of the following zoning districts: C-1 office and professional commercial; C-2 neighborhood commercial; C-3 community commercial; C-4 general commercial; CBD central business district; and PCD planned commercial dev…
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
42.14 ac
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
by Request
ML approach
$425,000
CAP Approach
CAP Return
Estimation
6%
$995,000
6.5%
$920,000
7%
$855,000
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$150 / 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
$32,470
Tax year 2023
Assessed value
$1,494,782
Assessed 2023
Previous assessed
$1,453,720
+2.8% YoY
Effective rate
2.17%
On assessed value
Assessed land
$394,962
Assessed improvement
$1,099,820
Land market value
$394,962
Improvement market value
$1,099,820
Total market value
$1,494,782
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2013
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
4,532 SF
Lot
0.43 ac (18,944 SF)
Zoning code
C2
APN
08-43-45-15-03-000-0302
UPID
US18-9635375
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C2 · Boynton Beach, FLZoning C2 · permitted uses
C2 · Boynton Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
AL ZONING DISTRICT - Whenever the words "commercial district" or "commercial zoning district" are used, they are construed to include any or all of the following zoning districts: C-1 office and professional commercial; C-2 neighborhood commercial; C-3 community commercial; C-4 general commercial; CBD central business district; and PCD planned commercial development. CODE 1958 - Any reference herein to "Code 1958" shall be construed to mea
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
42.14 ac
Building & site characteristics
From public records
Year built
2013
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Martin Federal Veterinary Services
Individual
Free & Clear · 1 yrs held
Mailing address
2235 N FEDERAL HWY, BOYNTON BEACH, FL 33435-2433
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2025
—
Martin Federal Veterinary Services
Colonial Gateway Veterinary Service
Quitclaim Deed
related
—
Mar 21, 2017
—
Colonial-gateway Veterinary Sv
—
Deed
related
$1,070,900 · Firstrust Bk
Oct 15, 2012
—
Colonial-gateway Veterinary Sv
Martin,robert
Warranty Deed
$1,663,000 · Capitalsource Bank
Sep 19, 2008
$400,000
Robert Martin
Burton,arthur A
Warranty Deed
$300,000 · Burton Arthur A Trust (tr)
Aug 26, 2008
—
Burton Arthur A Trust
Burton,arthur A
Quit Claim Deed
related
—
—
—
Colonial-gateway Veterinary Sv
—
Deed Of Trust
related
$1,070,900 · Firstrust Bk
—
—
Colonial-gateway Veterinary Sv
—
Deed Of Trust
related
$960,000 · Firstrust 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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