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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Medical Office Space
3280 Old Boynton Rd Boynton Beach, FL 33436-6506
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-1086997
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
WOOD
Total area
6,288 SF
Lot
1.2 ac (52,067 SF)
Zoning code
C3
APN
08-43-45-19-22-000-0020
UPID
US18-1086997
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
-
Christine Greer, M.D. Ophthalmologist
-
Dr. Harry Hamburger Ophthalmologist
-
Helayna Brown MD Ophthalmologist
-
Michael L. Levine M.D., F.A.C.S. Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$789k
Blend (final)
Blend
$855k
Owner & transaction history
Jolu LLC · 13 yrs held
Jolu LLC
since 2012
7 recorded transactions
Zoning & alternative use
C3 · Boynton Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
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 refe…
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
414.93 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
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
Blend value · Realmo final
$855k
Range $770k – $941k · ±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
$136 / 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
$50,082
Tax year 2023
Assessed value
$2,334,042
Assessed 2023
Previous assessed
$2,256,271
+3.4% YoY
Effective rate
2.15%
On assessed value
Assessed land
$961,714
Assessed improvement
$1,372,328
Land market value
$961,714
Improvement market value
$1,372,328
Total market value
$2,334,042
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
6,288 SF
Lot
1.2 ac (52,067 SF)
Zoning code
C3
APN
08-43-45-19-22-000-0020
UPID
US18-1086997
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C3 · Boynton Beach, FLZoning C3 · permitted uses
C3 · Boynton Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
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 to "Code 1958" shall be construed to mean the "Code of Ordinances, Ci
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
414.93 ac
Building & site characteristics
From public records
Year built
2003
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
Jolu LLC
Entity
Mailing address
255 CORDOVA RD, WEST PALM BEACH, FL 33401-8003
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2019
—
Jolu LLC
—
Deed
related
$1,000,000 · Bankunited Fsb
Nov 13, 2012
$1,050,000
Jolu LLC
Quarterdeck Properties Lc
Warranty Deed
$1,465,600 · Paradise Bank
Feb 19, 2010
—
Quarterdeck Properties Lc
—
Deed Of Trust
related
$1,500,000 · Merrill Com'l Finance Corp
—
—
Jolu LLC
—
Loan Modification
related
$1,499,500 · Paradise Bk
—
—
Jolu LLC
—
Deed Of Trust
related
$1,000,000 · Bankunited Fsb
—
—
Quarterdeck Properties Lc
—
Deed Of Trust
related
—
—
—
Quarterdeck Properties Lc
—
Deed Of Trust
related
$1,500,000 · Merrill Lynch Business Finl Sv
—
—
Quarterdeck Properties Lc
—
Deed Of Trust
related
$4,200,000 · Bank United
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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