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Property profile & analytics
OFF-MARKET
Estimated value
$1,880,000
Strip malls
400 Palmetto Park Rd, Boca Raton, FL 33432-5018
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-0193816
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1980
Construction
CONCRETE
Total area
7,425 SF
Lot
0.62 ac (27,042 SF)
Zoning code
DDRI
APN
06-43-47-29-01-015-0090
UPID
US18-0193816
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
-
Artistic Elements Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.20M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.88M
Owner & transaction history
Jhb Seaside Properties LLC · 11 yrs held
Jhb Seaside Properties LLC
since 2015
7 recorded transactions
Zoning & alternative use
DDRI · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.0M
+0.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,380,000
6.5%
$2,200,000
7%
$2,040,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,935,000
Current use
RETAIL STORES
$2,960,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$2,925,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$2,690,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$1.88M
Range $1.69M – $2.07M · ±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
$253 / 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
$70,808
Tax year 2023
Assessed value
$4,113,981
Assessed 2023
Previous assessed
$3,932,194
+4.6% YoY
Effective rate
1.72%
On assessed value
Assessed land
$3,102,055
Assessed improvement
$1,011,926
Land market value
$3,102,055
Improvement market value
$1,011,926
Total market value
$4,113,981
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1980
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
7,425 SF
Lot
0.62 ac (27,042 SF)
Zoning code
DDRI
APN
06-43-47-29-01-015-0090
UPID
US18-0193816
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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.9M
RETAIL STORES
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
1980
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.62 ac
Current owner
From public records · entity-resolved
Jhb Seaside Properties LLC
Entity
Mailing address
215 N FEDERAL HWY STE #1, BOCA RATON, FL 33432-3928
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2018
—
Jhb Seaside Properties LLC
—
Deed
related
$7,000,000 · Seaside Nat'l Bk & Trust (ct)
Jun 25, 2015
—
Jhb Seaside Properties LLC
Batmasian James H & Marta
Warranty Deed
—
Feb 3, 2014
$100
James H Batmasian
400 East Palmetto Park Coc
Trustees Deed
related
—
Oct 23, 2013
—
400 East Palmetto Park Road Ll
400 East Royal Palm Road LLC
Quit Claim Deed
—
Jul 14, 2006
$350,000
400 East Palmetto Park Road Ll
Peter Pan Associates Ltd
Warranty Deed
—
Jul 13, 2006
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Jun 23, 1997
$1,350,000
Peter Pan Associates Ltd
Camene,james P & Ulla M
Grant Deed
—
May 9, 1997
$1,350,000
Peter Pan Associates Ltd
Canebe,james P & Ulla M
Grant Deed
$1,350,000 · Seller
—
—
400 East Palmetto Park Road Ll
—
Deed Of Trust
related
$3,000,000 · Paradise Bank
—
—
400 East Palmetto Park Road Ll
—
Deed Of Trust
related
$3,000,000 · Paradise Bank
—
—
400 East Palmetto Park Road Ll
—
Deed Of Trust
related
$250,000 · Paradise Bank
—
—
Jhb Seaside Properties LLC
—
Loan Modification
related
$7,000,000 · Seaside Nat'l Bk & Trust (ct)
—
—
400 East Palmetto Park Road Ll
—
Deed Of Trust
related
$29,000,000 · Fifth Third Bank
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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