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Property profile & analytics
OFF-MARKET
Commercial land
2nd Ave Boca Raton, FL 33431
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-2310848
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.34 ac (14,636 SF)
Zoning code
B-1
APN
06-43-47-07-02-022-0250
UPID
US18-2310848
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Scanlan & Scanlan LLC · 5 yrs held
Scanlan & Scanlan LLC
since 2020
Last sale
$325,000
7 recorded transactions
Zoning & alternative use
B-1 · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,591
Tax year 2023
Assessed value
$365,875
Assessed 2023
Previous assessed
$290,710
+25.9% YoY
Effective rate
1.53%
On assessed value
Assessed land
$365,875
Land market value
$365,875
Total market value
$365,875
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.34 ac (14,636 SF)
Zoning code
B-1
APN
06-43-47-07-02-022-0250
UPID
US18-2310848
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Boca Raton, FL
Zoning B-1 · permitted uses
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.
Building & site characteristics
From public records
Heating
NONE
Lot
0.34 ac
Current owner
From public records · entity-resolved
Scanlan & Scanlan LLC
Entity
Free & Clear · 5 yrs held
Mailing address
7251 W PALMETTO PARK RD STE #204, BOCA RATON, FL 33433-3487
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2020
$325,000
Scanlan & Scanlan LLC
Nbas 3 LLC
Warranty Deed
—
Jul 6, 2015
—
Nbas 3 LLC
—
Trustees Deed
related
$75,000 · Foresees Investments LLC
Oct 16, 2013
$110,000
Nbas 3 LLC
Vp 2011 LLC
Warranty Deed
—
Oct 6, 2011
$3,750,000
Vp 2011 LLC
Bentley Dev Group INC
Grant Deed
$4,100,000 · Busey Bank
Feb 23, 2007
—
Bentley Dev Group INC
Consolidated Const & Dev Corp
Quit Claim Deed
related
$115,000 · Bank Of America
May 28, 2003
$95,000
Construction Consolidated
Chao,mingehih & Yueh J
Grant Deed
—
Jan 20, 2000
$74,000
Mingchih Chao
Pruthi,a S
Grant Deed
—
—
—
Nbas 3 LLC
—
Loan Modification
related
$75,000 · Other Institutional Lenders
—
—
Consolidated Const & Dev Corp
—
Deed Of Trust
related
$90,000 · Fifth Third Bank
—
—
Nbas 3 LLC
—
Loan Modification
related
$75,000 · Foresees Investments LLC
—
—
Nbas 3 LLC
—
Loan Modification
related
$75,000 · Foresees Investments LLC
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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