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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Strip malls
413 Boynton Bch Blvd, Boynton Beach, FL 33435-3843
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-8800694
Property summary
AI-generated overview
This exceptional 1,202 square foot office building, situated at 413 W Boynton Beach Boulevard in Boynton Beach, Florida, presents a unique investment opportunity. Asking $1,200,000, this property boasts a price per square foot of $998.34. Built in 1948, this two-story building sits on a lot with no recorded square footage and is zoned C2. The property includes one unit with six dedicated parking spaces, plus additional open parking. Internal features include two well-appointed conference rooms and a functional kitchen, catering to the needs of a variety of businesses. Its convenient location near Boynton Beach City Hall provides easy access to I-95 and the beach, making it an attractive option for both employees and clients. The property's APN is 08434521150000871. This is an ideal space for new professionals or growing businesses seeking a well-equipped and strategically located office in a thriving Florida community. The building consists of one structure with a total of 1202 square feet. No tenant credit rating is available. Broker co-op is available.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1958
Construction
CONCRETE
Total area
2,760 SF
Lot
0.43 ac (18,761 SF)
Zoning code
C3
APN
08-43-45-21-18-000-0010
UPID
US18-8800694
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
-
Law Offices of James A. Bonfiglio, P.A. Law Firm
-
Law Offices of James C. Tai Law Firm
-
L'Italien Law Firm, PLLC Law Firm
-
Legal Corner Inc Law Firm
-
George Zednek Pa Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$815k
Comparable Approach
Comparable
$784k
Blend (final)
Blend
$665k
Owner & transaction history
413 Bbb LLC · 2 yrs held
413 Bbb LLC
since 2023
2 recorded transactions
Zoning & alternative use
C3 · Boynton Beach, 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 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%
$885,000
6.5%
$815,000
7%
$760,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,090,000
Current use
MEDICAL BUILDING
$1,090,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$241 / 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
$15,129
Tax year 2023
Assessed value
$891,685
Assessed 2023
Previous assessed
$633,393
+40.8% YoY
Effective rate
1.70%
On assessed value
Assessed land
$750,520
Assessed improvement
$141,165
Land market value
$750,520
Improvement market value
$141,165
Total market value
$891,685
Applied tax rate
8,987.0000
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
1958
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,760 SF
Lot
0.43 ac (18,761 SF)
Zoning code
C3
APN
08-43-45-21-18-000-0010
UPID
US18-8800694
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C3 · Boynton Beach, FL
Zoning C3 · permitted uses
C3 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL 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
1958
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
413 Bbb LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5169 ARBOR GLN CIR, LAKE WORTH, FL 33463-8044
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2023
—
413 Bbb LLC
Joseph A Scalzo
Warranty Deed
—
Aug 18, 2017
—
James A Bonfiglio
—
Deed
related
$275,000 · Stonegate Bk
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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