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Property profile & analytics
FOR SALE
Retail space
23133 Sandalfoot Plaza Dr Boca Raton, FL 33428
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-4114496
For Sale
1 / 20
$650,000
23133 Sandalfoot Plaza Dr, Boca Raton, FL 33428
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Property summary
AI-generated overview
This exceptional retail investment opportunity presents a 7,860 square foot building situated on a 1.35-acre lot in Boca Raton, Florida's desirable Sandalfoot Plaza. Built in 1990, the property boasts a strong 5.07% cap rate and a substantial net operating income (NOI) of $365,125, with an asking price of $7,200,000 ($916.03 per square foot). The property is currently 100% occupied under a triple-net (NNN) lease, ensuring long-term tenant stability. Located at 23133 Sandalfoot Plaza Dr, Boca Raton, FL 33428, this prime location benefits from excellent visibility on US 441/State Road 7, experiencing over 50,000 average daily traffic. The property is strategically positioned within Boca Raton's thriving Sandalfoot retail corridor, surrounded by dense demographics. Ample parking is provided with 26 spaces available for customers and employees. This is a rare opportunity to acquire a high-performing, net-leased retail asset in a prime location with significant upside potential. The property consists of one building.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1990
Construction
CONCRETE
Total area
2,880 SF
Lot
1.38 ac (60,274 SF)
Zoning code
CG
APN
00-42-47-30-34-000-0050
UPID
US18-4114496
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
-
Montana Capital Car Title Loans Loan Service
-
Power Audio And Tint Interior Design Auto Repair Shop
-
Diamante sushi Restaurant
-
Waters Car Wash Car Wash
-
Intoxalock Ignition Interlock Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
$750k
Comparable Approach
Comparable
$549k
Blend (final)
Blend
$650k
Owner & transaction history
Sandalfoot Plaza Holdings LLC · 10 yrs held
Sandalfoot Plaza Holdings LLC
since 2016
1 recorded transaction
Zoning & alternative use
CG · 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
$650,000
CAP Approach
CAP Return
Estimation
6%
$810,000
6.5%
$750,000
7%
$695,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$985,000
Change: -14% · Conversion: Difficult
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
$226 / 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
$55,243
Tax year 2023
Assessed value
$3,230,831
Assessed 2023
Previous assessed
$3,094,524
+4.4% YoY
Effective rate
1.71%
On assessed value
Assessed land
$1,847,337
Assessed improvement
$1,383,494
Land market value
$1,847,337
Improvement market value
$1,383,494
Total market value
$3,230,831
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1990
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
2,880 SF
Lot
1.38 ac (60,274 SF)
Zoning code
CG
APN
00-42-47-30-34-000-0050
UPID
US18-4114496
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · Boca Raton, FL
Zoning 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
Boca Raton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$985,000
WAREHOUSE, STORAGE
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
1990
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
1.38 ac
Current owner
From public records · entity-resolved
Sandalfoot Plaza Holdings LLC
Entity
Mailing address
2525 PONCE DE LEON BLVD STE #700, CORAL GABLES, FL 33134-6045
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2016
$4,000,000
Sandalfoot Plaza Holdings LLC
Mantra Realty Corp
Trustees Deed
$2,600,000 · Terrabank 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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