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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Commercial land
343 Royal Palm Rd Boca Raton, FL 33432-5025
Entity Owned
~
Est. High Equity
Property ID
US18-3278166
Property summary
AI-generated overview
This exceptional 7,377 sq ft lot in desirable downtown Boca Raton, Florida (343 E Royal Palm Rd, zip code 33432), presents a lucrative development opportunity. The property boasts fully approved site plans for the construction of four ultra-luxury residential units, each approximately 3,500 square feet. Detailed plans and renderings are available, showcasing a sophisticated design incorporating three bedrooms, three bathrooms, a den, private balconies, dedicated green space, and a shared roof deck offering stunning golf course views. The lot dimensions are approximately 51 feet by 142 feet, providing ample space for the planned development. Located in Palm Beach County, this property offers unparalleled access to Boca Raton's vibrant downtown area, its amenities, and its renowned lifestyle. The asking price for this exceptional development opportunity is $3,750,000. This is a rare chance to create a high-end residential project in a prime Boca Raton location. Don't miss this chance to capitalize on the strong demand for luxury residential properties in this sought-after area. Contact us today to learn more about this exciting investment prospect.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1950
Total area
2,064 SF
Lot
0.17 ac (7,379 SF)
Zoning code
DDRI
APN
06-43-47-29-01-010-0180
UPID
US18-3278166
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
$1.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.65M
Owner & transaction history
Royal Palm 343375 LLC
Royal Palm 343375 LLC
since 2025
Last sale
$1.7M
4 recorded transactions
Zoning & alternative use
DDRI · 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
Method
Estimation
Statistic approach
$1,545,000
ML approach
$1,655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±10% · vs last sale $1.70M (Mar 25 2022)
Last sale anchor
$1.70M
Mar 25 2022
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
$799 / 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
$24,024
Tax year 2023
Assessed value
$1,400,000
Assessed 2023
Previous assessed
$1,106,550
+26.5% YoY
Effective rate
1.72%
On assessed value
Assessed land
$1,400,000
Land market value
$1,400,000
Total market value
$1,400,000
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
Year built
1950
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
3
Total area
2,064 SF
Lot
0.17 ac (7,379 SF)
Zoning code
DDRI
APN
06-43-47-29-01-010-0180
UPID
US18-3278166
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
DDRI · Boca Raton, FL
Zoning DDRI · permitted uses
DDRI · 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
Year built
1950
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.17 ac
Current owner
From public records · entity-resolved
Royal Palm 343375 LLC
Entity
Mailing address
466 NE 5TH AVE, DELRAY BEACH, FL 33483-5633
Ownership since
2025
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
Oct 28, 2025
$3,100,000
Royal Palm 343375 LLC
343 Royal Palm LLC
Special Warranty Deed
—
Mar 25, 2022
$1,700,000
343 Royal Palm LLC
Mark S Ryan
Warranty Deed
—
Feb 21, 2020
$900,000
Mark S Ryan
Allen D Kophelm
Warranty Deed
—
Dec 1, 1999
$200,000
Allen D Kophelm
Knowland,thomas M & Elaine H
Grant Deed
$150,000 · Fleet Mortgage Corp
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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