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    Property profile & analytics

    3843 3rd Ave Boca Raton, FL 33431-5843

    • Assisted living facilities
    • 3,842 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimation
    $315,000
    Location Intelligence
    Property ID
    US18-3582924
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Clayman House / Home Health Care Service

    Property Details for 3843 3rd Ave

    Year built
    1987
    Construction
    WOOD
    Lot size
    0.37 lot acres
    Property size
    3,842 SF
    Zone code
    R-1-D
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    06-43-47-07-02-025-0260
    APU
    6434707020250260

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $310,000

    • CAP approach

      CAP return
      Estimation
      6%
      $355,000
      6.5%
      $340,000
      7%
      $360,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $300,000
      Geo Method
      $345,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $375,000
      Retail
      $340,000
      Mixed-Use
      $355,000
      Hospitality
      $390,000
      Educational
      $315,000
      Residential Income
      $380,000
      Energy
      $385,000
      Income-Based Land
      $385,000
      Food Service
      $330,000

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0879
    Latitude
    26.3849
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $188
    $182,750
    $345,276
    $528,026
    -
    $182,750
    $345,276
    $528,026

    Comparable in this City

    • Value Estimation by Request
      51,320 SF

      375 Yamato Rd

      HOMES (RETIRED, NURSING) • 51,320 SF
      375 Yamato Rd, Boca Raton, FL 33431-4773
      View Details
    • Value Estimation by Request
      8,777 SF

      190 Spanish Riv Blvd

      MEDICAL BUILDING • 8,777 SF
      190 Spanish Riv Blvd, Boca Raton, FL 33431-4217
      View Details
    • Value Estimation by Request
      3,761 SF

      4601 Federal Hwy

      MEDICAL BUILDING • 3,761 SF
      4601 Federal Hwy, Boca Raton, FL 33431-5133
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    • Value Estimation by Request
      4,431 SF

      4799 Federal Hwy

      MEDICAL BUILDING • 4,431 SF
      4799 Federal Hwy, Boca Raton, FL 33431-5126
      View Details
    • Value Estimation
      $895,000
      2,512 SF

      2200 Dixie Hwy

      MEDICAL BUILDING • 2,512 SF
      2200 Dixie Hwy, Boca Raton, FL 33431-8003
      View Details
    • Value Estimation by Request
      26,056 SF

      3231 7Th Ave

      Life science properties • 26,056 SF
      3231 7Th Ave, Boca Raton, FL 33431
      View Details

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    Similar Nearby for Lease

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      Office space featuring a kitchenette, conference room, and private bathrooms.
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    Boca Raton, FL 33431-5843
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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