Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    23261 State Rd 7th 7 Boca Raton, FL 33428-5464
    Back to Search
    Property profile & analytics

    23261 State Rd 7th 7, Boca Raton, FL 33428-5464

    View on Map
    • Turn key restaurants
    • 2,565 SF
    • 0.22 lot acres
    Off-Market
    Property ID
    US18-4377765
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 23261 State Rd 7th 7

    Year built
    1986
    Construction
    WOOD
    Lot size
    0.22 lot acres
    Zone code
    CG
    Property type
    Turn key restaurants
    APN
    00-41-47-36-06-000-0022
    APU
    414736060000022

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 12, 1992 $735,000 Great Western Bank Great Southeast At Riverview Plaza Trustees Deed · related —
    Feb 27, 1991 $2,120,000 Se Riverview P Great Riverview Plaza Limited Partnership Warranty Deed · related $450k

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.2035
    Latitude
    26.3291
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,780
    $601,658
    $218,334
    $819,992
    -
    $601,658
    $218,334
    $819,992

    Comparable in this City

    • Value Estimation
      $575,000
      6,009 SF

      10050 Calle Comercio

      RESTAURANT
      10050 Calle Comercio, Boca Raton, FL 33428-1305
      View Details
    • Value Estimation by Request
      1,780 SF

      9964 Sandalfoot Blvd

      RESTAURANT
      9964 Sandalfoot Blvd, Boca Raton, FL 33428-6647
      View Details
    • Value Estimation
      $705,000
      6,097 SF

      21769 State Rd 7th 7

      RESTAURANT
      21769 State Rd 7th 7, Boca Raton, FL 33428-2801
      View Details
    • Value Estimation
      $700,000
      6,890 SF

      21733 State Rd 7th 7

      RESTAURANT
      21733 State Rd 7th 7, Boca Raton, FL 33428-2801
      View Details
    • Value Estimation by Request
      2,059 SF

      22953 Sandalfoot Plz Dr

      DRIVE-THRU RESTAURANT, FAST FOOD
      22953 Sandalfoot Plz Dr, Boca Raton, FL 33428-6632
      View Details
    • Value Estimation by Request
      2,936 SF

      21669 State Rd 7th 7

      DRIVE-THRU RESTAURANT, FAST FOOD
      21669 State Rd 7th 7, Boca Raton, FL 33428-1845
      View Details

    Similar Nearby for Sale

    • $6,500,000
      1.38 Acres

      Retail Asset in Boca Raton

      Fully stabilized retail asset with immediate cash flow.
      23133 Sandalfoot Plaza Dr, Boca Raton, FL 33428
      View Details
    • Contact for pricing

      11419 W Palmetto Park Rd F, Boca Raton, FL 33428

      Showrooms
      11419 W Palmetto Park Rd, Boca Raton, FL 33428
      View Details
    • $140,000

      Salon Business Opportunity in Florida

      Profitable salon business for sale in a high-traffic Boca Raton location.
      Fl-7, Boca Raton, FL 33428
      View Details
    • Contact for pricing

      Elegant Med Spa in Boca

      Med spa specializing in non-invasive treatments for youthful radiance.
      23014 Sandalfoot Plaza Dr, Boca Raton, FL 33428
      View Details
    • Contact for pricing
      31,138 SF

      Boca Raton Medical Office Building

      Fully leased medical office building with development potential in Boca Raton.
      21020 State Road 7, Boca Raton, FL 33428
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr

      Turnkey Restaurant in Boca Raton

      Fully equipped restaurant with outdoor seating in West Boca Raton.
      11419 W Palmetto Park Rd, Boca Raton, FL 33428
      View Details
    • $45 SF/Yr
      60,274 SF

      Prime Automotive Retail Space Available

      High-traffic retail space ideal for automotive businesses.
      23133 Sandalfoot Plaza Dr, Boca Raton, FL 33428
      View Details
    • Contact for pricing
      900 SF

      Retail Space in Boca Raton

      Retail space available in residential Boca Raton with high income.
      11640-11650 W Palmetto Park Rd, Boca Raton, FL 33428
      View Details
    • Contact for pricing
      7,500 SF

      Retail Space Near Bravo Supermarket

      Retail space available near a new Bravo Supermarket.
      11379-11443 W Palmetto Park Rd, Boca Raton, FL 33428
      View Details
    • $5,300 /Mo
      498,531 SF

      Boca Raton Retail Showroom

      High-end showroom in West Boca Raton retail center.
      11419 W Palmetto Park Rd, Boca Raton, FL 33428
      View Details
    • Contact for pricing
      52,000 SF

      Boca Raton Retail Opportunity

      Large retail space available in Boca Raton with high visibility.
      21759 State Road 7, Boca Raton, FL 33428
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    23261 State Rd 7th 7
    Boca Raton, FL 33428-5464
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    23261 State Rd 7th 7, Boca Raton, FL, 33428
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!