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Property profile & analytics
OFF-MARKET
Estimated value
$15,400,000
Hotels
2700 Federal Hwy Boca Raton, FL 33431-7720
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US18-3313774
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1963
Construction
CONCRETE
Total area
50,154 SF
Lot
3.47 ac (150,953 SF)
Zoning code
R-B-1
APN
06-43-47-17-00-000-1200
UPID
US18-3313774
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
-
Paseos Plaza Business Service Center Corporate Office
-
Best Western University Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.50M
Blend (final)
Blend
$15.40M
Owner & transaction history
Hotel Properties · 17 yrs held
Hotel Properties
since 2009
2 recorded transactions
Zoning & alternative use
R-B-1 · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$24.8M
+17.9%
Commercial (general)
$22.2M
+5.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$21,010,000
Current use
AUTO REPAIR, GARAGE
$24,770,000
Change: +18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$22,170,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$20,000,000
Change: -5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$19,815,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$15.40M
Range $13.86M – $16.94M · ±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
$307 / 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
$125,672
Tax year 2023
Assessed value
$6,921,533
Assessed 2023
Previous assessed
$5,796,571
+19.4% YoY
Effective rate
1.82%
On assessed value
Assessed land
$4,500,000
Assessed improvement
$2,421,533
Land market value
$4,500,000
Improvement market value
$2,421,533
Total market value
$6,921,533
Applied tax rate
6,154.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1963
Construction
CONCRETE
Heating
YES
Cooling
CENTRAL
Stories
2
Units
90
Rooms
90
Bathrooms
291
Total area
50,154 SF
Lot
3.47 ac (150,953 SF)
Zoning code
R-B-1
APN
06-43-47-17-00-000-1200
UPID
US18-3313774
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
R-B-1 · Boca Raton, FL
Zoning R-B-1 · permitted uses
R-B-1 · 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
HOTEL/MOTEL Current
Est. value
$21.0M
AUTO REPAIR, GARAGE
Est. value
$24.8M
COMMERCIAL (GENERAL)
Est. value
$22.2M
RETAIL STORES
Est. value
$20.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.8M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1963
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Units
90
Rooms
90
Bathrooms
291
Lot
3.47 ac
Current owner
From public records · entity-resolved
Hotel Properties
Entity
Mailing address
PO BOX 11067, PITTSBURGH, PA 15237-0367
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2009
—
Hotel Properties
Baierl William R
Quit Claim Deed
related
$3,200,000 · Nextier Bk NA
—
—
Hotel Properties LP
—
Loan Modification
related
$2,790,087 · Nextier Bk 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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