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Property profile & analytics
OFF-MARKET
Estimated value
$1,940,000
Assisted living facilities
2839 Seacrest Blvd Boynton Beach, FL 33435-7934
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US18-2601407
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1963
Construction
CONCRETE
Total area
32,841 SF
Lot
6.16 ac (268,242 SF)
Zoning code
C1
APN
08-43-45-33-14-000-0192
UPID
US18-2601407
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
-
Boulevard Rehabilitation Center Rehabilitation Center Hospice
-
Joshua Shinoff Physician
-
Tam Tran Physician
-
Lucas Evans Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.94M
Owner & transaction history
Fl Boulevard Mnr Holdings LLC · 16 yrs held
Fl Boulevard Mnr Holdings LLC
since 2010
6 recorded transactions
Zoning & alternative use
C1 · Boynton Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
computerized storm surge model. COMMERCIAL ZONING DISTRICT - Whenever the words "commercial district" or "commercial zoning district" are used, they are construed to include any or all of the following zoning districts: C-1 office and professional commercial; C-2 neighborhood commercial; C-3 community commercial; C-4 general commercial; CBD central business…
Zone name
Office Professional Commercial
General category
COMMERCIAL
Zone area
72.72 ac
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 Boynton Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boynton Beach 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$59 / 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
$181,833
Tax year 2023
Assessed value
$8,132,852
Assessed 2023
Previous assessed
$7,600,128
+7.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$2,571,800
Assessed improvement
$5,561,052
Land market value
$2,571,800
Improvement market value
$5,561,052
Total market value
$8,132,852
Applied tax rate
8,984.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1963
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Units
107
Total area
32,841 SF
Lot
6.16 ac (268,242 SF)
Zoning code
C1
APN
08-43-45-33-14-000-0192
UPID
US18-2601407
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C1 · Boynton Beach, FLZoning C1 · permitted uses
C1 · Boynton Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
computerized storm surge model. COMMERCIAL ZONING DISTRICT - Whenever the words "commercial district" or "commercial zoning district" are used, they are construed to include any or all of the following zoning districts: C-1 office and professional commercial; C-2 neighborhood commercial; C-3 community commercial; C-4 general commercial; CBD central business district; and PCD planned commercial development. CODE 1958 - Any reference herein
Zone name
Office Professional Commercial
General category
COMMERCIAL
Zone area
72.72 ac
Building & site characteristics
From public records
Year built
1963
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
107
Lot
6.16 ac
Current owner
From public records · entity-resolved
Fl Boulevard Mnr Holdings LLC
Entity
Mailing address
10800 BISCAYNE BLVD STE #600, MIAMI, FL 33161-7499
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2010
$9,227,300
Fl Boulevard Mnr Holdings LLC
Fl Property Holdings LLC
Grant Deed
$9,227,300 · Private Lender
Nov 10, 2003
$7,800,000
Formation Properties III LLC
Mariner Health Care Of Lake Wo
Trustees Deed
$62,000,000 · Citigroup Global Mk Rlty Ttee
Nov 10, 2003
$2,800,000
Formation Properties III LLC
Mhc/lca Floria INC
Grant Deed
—
May 31, 2002
—
Mhc/lca Florida INC
Living Centers East INC
Trustees Deed
$315,000,000 · Gmac Rfc Health Capital
—
—
Formation Properties III LLC
—
Deed Of Trust
related
$54,752,004 · General Electric Capital Corp
—
—
Fl Boulevard Mnr Holdings LLC
—
Loan Modification
related
$9,191,400 · Berkadia Com'l Mtg
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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