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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Golf courses & driving ranges
22866 65th Ave Boca Raton, FL 33428-6000
Individually Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5094006
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
COUNTRY CLUB
Year built
1970
Construction
CONCRETE
Total area
23,348 SF
Lot
12.44 ac (541,690 SF)
Zoning code
RS
APN
00-42-47-30-02-002-0020
UPID
US18-5094006
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$810k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$494k
Blend (final)
Blend
$650k
Owner & transaction history
Richman Boca Dunes Dev Ptrs Ll · 7 yrs held
Richman Boca Dunes Dev Ptrs Ll
since 2019
7 recorded transactions
Zoning & alternative use
RS · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Single Family Residential District
General category
RESIDENTIAL
Zone area
271.04 ac
Source
Realmo
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
$810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$1,030,000
Current use
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$28 / 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
$36,925
Tax year 2023
Assessed value
$1,410,728
Assessed 2023
Previous assessed
$1,286,127
+9.7% YoY
Effective rate
2.62%
On assessed value
Assessed land
$124,355
Assessed improvement
$1,286,373
Land market value
$124,355
Improvement market value
$1,286,373
Total market value
$1,410,728
Applied tax rate
355.0000
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
Golf courses & driving ranges
Use group
COUNTRY CLUB
Status
Off-Market
Year built
1970
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
23,348 SF
Lot
12.44 ac (541,690 SF)
Zoning code
RS
APN
00-42-47-30-02-002-0020
UPID
US18-5094006
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RS · Boca Raton, FLZoning RS · permitted uses
RS · Boca Raton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Single Family Residential District
General category
RESIDENTIAL
Zone area
271.04 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$1.0M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
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
1970
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
12.44 ac
Current owner
From public records · entity-resolved
Richman Boca Dunes Dev Ptrs Ll
Individual
Free & Clear · 7 yrs held
Mailing address
1400 SW 65TH AVE, BOCA RATON, FL 33428-6034
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2019
—
Richman Boca Dev Partners LLC
—
Correction Deed
related
$25,000,000 · Suntrust Bk
Oct 2, 2019
—
Richman Boca Dunes Dev Ptrs Ll
—
Deed
related
$420,317 · Suntrust Bk
Jun 10, 2019
$10,559,089
Richman Boca Dunes Dev Ptrs Ll
Cove Club Investors Ltd
Grant Deed
—
Mar 26, 2012
—
Cove Club Investors Ltd
—
Loan Modification
related
$1,800,000 · Welch David D (te)
Jul 20, 2011
—
Cove Club Investors Ltd
—
Loan Modification
related
$1,800,000 · Welch David D (te)
Apr 20, 2009
—
Cove Club Investors Ltd
—
Loan Modification
related
$1,075,000 · Welch David D (te)
—
—
Richman Boca Dunes Dev Ptrs Ll
—
Loan Modification
related
$420,317 · Suntrust Bk
—
—
Cove Club Investors Ltd
—
Loan Modification
related
$2,000,000 · Welch David D (te)
—
—
Cove Club Investors Ltd
—
Loan Modification
related
$18,000,000 · Welch David D (te)
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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