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Financial
Distress signals
Property profile

240 Palmetto Park Rd Boca Raton, FL 33432

OFF-MARKET
Banks
Property ID
US18-6021394
11,124 SF 0.38 ac lot Built 2004
Last sale Oct 2025 · $540,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional offering presents two newly renovated office suites available for lease at 240 W Palmetto Park Rd, Boca Raton, FL 33432. Located in a Class A building constructed in 1980, these suites cater to a variety of business needs, suitable for traditional office, coworking, medical office, or creative office uses. The suites range in size from 575 square feet to 900 square feet, offering flexible space options for businesses of varying scales. The building boasts a prime location…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$91k
Tax billed · 2023
Assessed value$4.94M
Assessed land$2.00M
Assessed improvement$2.94M
Effective rate1.84%

Value estimate

· Oct 2026
$2.24M
$2.01M – $2.46M
Submarket $/SF estimate$1.98M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$390/SF
Submarket average, outlier-cleaned · 45 recorded sales of this use type
Observed band · Q1–Q3$309 – $538

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
DDRI
DDRI development shall mean any development permitted under Ordinance 4035 as amended from time to time. (b) Rear separator line shall me...
General categoryCOMMERCIAL
JurisdictionPALM BEACH

Location intelligence

Which uses thrive at this corner?
Best fit: Shoe Repair
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Shoe Repair8.7
Bike Shop7.9
Butcher7.5

Location

240 Palmetto Park Rd Boca Raton, FL 33432-5014
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
280 Palmetto Park, Boca Raton, FL 33432-5014 $9,751,000 Jun 2023 9,696 SF
1000 Federal, Boca Raton, FL 33432-2742 $7,050,000 May 2023 10,204 SF
1990 1st, Boca Raton, FL 33432-1714 $1,200,000 Oct 2021 7,134 SF
123 16th, Boca Raton, FL 33432-1621 $1,300,000 Mar 2020 8,465 SF
501 Camino Real, Boca Raton, FL 33432-6127 $430,353,699 Jun 2019 8,764 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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