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Property profile & analytics
OFF-MARKET Estimated value $500,000
Retail space

374 Palmetto Park Rd Boca Raton, FL 33432-5016

2,520 SF 0.16 ac lot Built 1964
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US18-3178958
Property summary
AI-generated overview

This exceptional single-tenant office space, totaling 2,520 square feet, is ideally located at 374 E Palmetto Park Road in the heart of downtown Boca Raton, Florida, 33432. The property boasts excellent street-front visibility on a major thoroughfare, ensuring high traffic and prominent exposure for your business. The building is a single-story structure, offering convenient access and functionality. No elevators are present. This retail and office space is perfect for a business seeking a high-profile location with easy access to numerous amenities. Its central downtown Boca Raton location places it within walking distance of a wide array of shopping, dining, and other conveniences. The property's address is further enhanced by its proximity to SE 4th Avenue. This presents a unique opportunity to establish a strong presence in a vibrant and thriving South Florida business district. The space is currently available for lease and offers a single-tenant occupancy. This prime location and convenient layout make it an attractive option for businesses seeking a high-impact presence in a desirable area. The property is classified as a traditional office space.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1964
Construction CONCRETE
Total area 2,520 SF
Lot 0.16 ac (6,852 SF)
Zoning code DDRI
APN 06-43-47-29-01-010-0030
UPID US18-3178958
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
  • Zelman Style Interiors Interior Design Home Decor Store
  • One Touch Media Designs Home Appliance Store IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$450k
CAP Approach CAP
$655k
Comparable Approach Comparable
$399k
Blend (final) Blend
$500k
Owner & transaction history
374 E Palmetto Investments LLC · 11 yrs held
374 E Palmetto Investments LLC
since 2014
4 recorded transactions
2014
Price N/A
2013
Price N/A
2000
$475,000
1969
Price N/A
Zoning & alternative use
DDRI · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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