Property profile

2899 Federal Hwy Boca Raton, FL 33431

OFF-MARKET
Hotels
Property ID
US18-2817874
17,128 SF 0.98 ac lot Built 1964
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1964
Construction CONCRETE
Total area 17,128 SF
Lot 0.98 ac (42,767 SF)
Zoning code R-B-1
APN 06-43-47-17-06-002-0020
UPID US18-2817874

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

2899 Federal Hwy Boca Raton, FL 33431-6801
Boca Raton metro Census 7302 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.95M
Blend (final) Blend
$7.29M

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
1969
Price N/A

Zoning & alternative use

R-B-1 · Boca Raton, FL
Top alternative use upside
Restaurant $11.8M +64.8%
Apartment house (5+ units) $11.7M +63.6%
Auto repair, garage $8.5M +17.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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