Back to Search
Property profile & analytics
FOR LEASE
Industrial properties
4160 NW 1St Ave Boca Raton, FL 33431
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-9503631
For Lease
1 / 2
$33.75 SF/Yr
4160 NW 1St Ave, Boca Raton, FL 33431
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1973
Construction
CONCRETE
Total area
8,640 SF
Lot
1.35 ac (58,941 SF)
Zoning code
M-2
APN
06-43-47-08-16-001-0040
UPID
US18-9503631
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
-
Banyan Commercial Capital Real Estate Agency
-
Optimus Futures Financial Advisor
-
Luxury matchmakers Employment Agency
-
International Tool & Die Co Industrial Manufacturer
-
Prosperity Brewers Production Facility Brewery & Distillery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.28M
Blend (final)
Blend
$6.25M
Owner & transaction history
Scp Albert LLC · 3 yrs held
Scp Albert LLC
since 2022
Last sale
$6.8M
7 recorded transactions
Zoning & alternative use
M-2 · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.0M
+56.1%
Apartment house (5+ units)
$5.9M
+55.1%
Auto repair, garage
$4.3M
+11.7%
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
$6,150,000
ML approach
$6,275,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,820,000
Current use
RESTAURANT
$5,965,000
Change: +56% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,925,000
Change: +55% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,265,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$6.25M
Range $5.63M – $6.88M · ±10% · vs last sale $6.77M (Oct 7 2022)
Last sale anchor
$6.77M
Oct 7 2022
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
$723 / 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
$72,976
Tax year 2023
Assessed value
$3,936,294
Assessed 2023
Previous assessed
$2,751,697
+43.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$1,473,550
Assessed improvement
$2,462,744
Land market value
$1,473,550
Improvement market value
$2,462,744
Total market value
$3,936,294
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
For Lease
Year built
1973
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Total area
8,640 SF
Lot
1.35 ac (58,941 SF)
Zoning code
M-2
APN
06-43-47-08-16-001-0040
UPID
US18-9503631
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
M-2 · Boca Raton, FL
Zoning M-2 · permitted uses
M-2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$3.8M
RESTAURANT
Est. value
$6.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.9M
AUTO REPAIR, GARAGE
Est. value
$4.3M
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1973
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
1.35 ac
Current owner
From public records · entity-resolved
Scp Albert LLC
Entity
Mailing address
50 SALEM ST STE #101, LYNNFIELD, MA 01940-0030
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2022
$6,774,500
Scp Albert LLC
Eire Roc 2 LLC
Special Warranty Deed
—
Mar 14, 2019
—
Eire Roc 2 LLC
—
Deed
related
$88,517 · Legacy Bk/fl
Dec 1, 2017
—
Eire Roc 2 LLC
—
Grant Deed
related
$6,400,000 · Legacy Bk/fl
Sep 2, 2016
—
Eire Roc 2 LLC
—
Deed
related
$1,900,000 · Sw Partners LLC
Sep 3, 2015
—
Eire Roc 2 LLC
Great Locations LLC
Warranty Deed
$1,900,000 · Private Individual
Sep 3, 2015
$2,400,000
Eire Roc 2 LLC
Lanwin Boca LLC
Warranty Deed
—
Mar 20, 2012
$1,320,880
Lanwin Boca LLC
Seadar Properties LLC
Quit Claim Deed
related
—
Jan 10, 2008
$639,000
Great Locations
Seadar Properties
Warranty Deed
—
Nov 28, 2007
$958,500
Lanwin Boca LLC
Seadar Properties LLC
Warranty Deed
—
Aug 2, 2007
$3,195,000
Seadar Properties LLC
D/c Rentals
Warranty Deed
$1,278,000 · Princeton Research Lands INC
—
—
Eire Roc 2 LLC
—
Loan Modification
related
$88,517 · Legacy Bk/fl
—
—
Eire Roc 2 LLC
—
Deed Of Trust
related
$2,650,000 · Sw Partners LLC
—
—
Eire Roc 2 LLC
—
Loan Modification
related
$1,900,000 · Sw Partners LLC
—
—
Lanwin Boca LLC
—
Deed Of Trust
related
$2,200,000 · Pnc 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
