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Property profile & analytics
OFF-MARKET
Estimated value
$10,570,000
High-rise multifamily apartments
333 Palmetto Park Rd Boca Raton, FL 33432-5167
Entity Owned
14-yr Hold
Free & Clear
Property ID
US18-9258438
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2016
Construction
STEEL FRAME
Total area
116,648 SF
Lot
5.79 ac (252,300 SF)
Zoning code
R1D/DDRI
APN
06-43-47-20-04-000-0080
UPID
US18-9258438
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
-
Jarbly LLC Real Estate Agency
-
ATP Extreme Fitness Gym & Fitness Center
-
Marielle Sidevarn - Realtor Real Estate Agency
-
ASBD Empire Apartment Complex
-
Alchemist Creative & Design Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.57M
Owner & transaction history
Archstone Palmetto Park LLC · 14 yrs held
Archstone Palmetto Park LLC
since 2012
4 recorded transactions
Zoning & alternative use
R1D/DDRI · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
out herein. The former § 28-343 pertained to additional setback and landscaped yard requirements and derived from Ord. No. 1828, § 4, adopted July 18, 1973; and Ord. No. 2718, § 1, adopted Jan. 22, 1980. Sec. 28-344. - R-1-D/DDRI uses. (1) Definitions. (a) DDRI development shall mean any development permitted under Ordinance 4035 as amended from time to time…
Zone name
Single Family Residential District
General category
RESIDENTIAL
Zone area
6.39 ac
Source
code of ordinances
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
$91 / 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
$3,120,832
Tax year 2023
Assessed value
$179,320,948
Assessed 2023
Previous assessed
$182,122,791
-1.5% YoY
Effective rate
1.74%
On assessed value
Assessed land
$30,240,000
Assessed improvement
$149,080,948
Land market value
$30,240,000
Improvement market value
$149,080,948
Total market value
$179,320,948
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
9
Units
96
Bathrooms
2
Total area
116,648 SF
Lot
5.79 ac (252,300 SF)
Zoning code
R1D/DDRI
APN
06-43-47-20-04-000-0080
UPID
US18-9258438
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
R1D/DDRI · Boca Raton, FLZoning R1D/DDRI · permitted uses
R1D/DDRI · Boca Raton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
out herein. The former § 28-343 pertained to additional setback and landscaped yard requirements and derived from Ord. No. 1828, § 4, adopted July 18, 1973; and Ord. No. 2718, § 1, adopted Jan. 22, 1980. Sec. 28-344. - R-1-D/DDRI uses. (1) Definitions. (a) DDRI development shall mean any development permitted under Ordinance 4035 as amended from time to time. (b) Rear separator line shall mean the line of demarcation, as set forth in this sectio
Zone name
Single Family Residential District
General category
RESIDENTIAL
Zone area
6.39 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
9
Buildings
6
Units
96
Bathrooms
2
Lot
5.79 ac
Current owner
From public records · entity-resolved
Archstone Palmetto Park LLC
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 4900, SCOTTSDALE, AZ 85261-4900
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2014
—
Palmetto Promenade Owner LLC
—
Grant Deed
related
$83,124,157 · Jp Morgan Chase Bk
Apr 2, 2012
$20,125,000
Archstone Palmetto Park LLC
Fifth Third Bk
Grant Deed
—
Dec 10, 2010
$6,000,100
Fifth Third Bk
Fifth Third Bk Coc
Trustees Deed
related
—
Aug 20, 1999
$235,000
2500 Associates Ltd
Kay,laura F
Grant Deed
—
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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