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Property profile & analytics
OFF-MARKET
Estimated value
$13,330,000
Warehouses
400 Industrial Ave Boynton Beach, FL 33426-3653
Individually Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5169521
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Construction
CONCRETE
Total area
55,610 SF
Lot
4.66 ac (203,186 SF)
Zoning code
M1
APN
08-43-45-20-00-000-0082
UPID
US18-5169521
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
-
Public Storage Storage Facility
-
Precision Auto Body Works Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.70M
Comparable Approach
Comparable
$14.67M
Blend (final)
Blend
$13.33M
Owner & transaction history
Boynton Bch Indl Rd 2013 L Ps · 12 yrs held
Boynton Bch Indl Rd 2013 L Ps
since 2013
3 recorded transactions
Zoning & alternative use
M1 · Boynton Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$22.0M
+55.0%
Medical building
$21.9M
+54.7%
Office building
$18.7M
+32.1%
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%
$11,585,000
6.5%
$10,695,000
7%
$9,930,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$14,170,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$21,970,000
Change: +55% · Conversion: Moderate
MEDICAL BUILDING
$21,920,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$18,715,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$13.33M
Range $12.00M – $14.66M · ±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
$240 / 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
$214,764
Tax year 2023
Assessed value
$11,263,451
Assessed 2023
Previous assessed
$11,263,451
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$2,844,590
Assessed improvement
$8,418,861
Land market value
$2,844,590
Improvement market value
$8,418,861
Total market value
$11,263,451
Applied tax rate
8,983.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
6
Stories
3
Total area
55,610 SF
Lot
4.66 ac (203,186 SF)
Zoning code
M1
APN
08-43-45-20-00-000-0082
UPID
US18-5169521
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
M1 · Boynton Beach, FL
Zoning M1 · permitted uses
M1 · Boynton Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boynton Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$14.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$22.0M
MEDICAL BUILDING
Est. value
$21.9M
OFFICE BUILDING
Est. value
$18.7M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Buildings
6
Lot
4.66 ac
Current owner
From public records · entity-resolved
Boynton Bch Indl Rd 2013 L Ps
Individual
Free & Clear · 12 yrs held
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2013
$9,850,000
Boynton Bch Indl Rd 2013 L Ps
Stor-all Lipd LLC
Grant Deed
—
Dec 27, 2001
$2,552,000
Stor-all Lipd LLC
Stor-all Ltd
Grant Deed
related
$3,250,000 · Gmac Commercial Mortgage Corp
Jan 8, 1999
$930,000
Stor-all Ltd
Marcalus,robert L
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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