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Property profile & analytics
OFF-MARKET
Estimated value
$2,275,000
Office buildings
428 35th St Boca Raton, FL 33431-5708
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-8057613
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1983
Construction
WOOD
Total area
5,177 SF
Lot
0.35 ac (15,455 SF)
Zoning code
NCB
APN
06-43-47-07-02-022-0030
UPID
US18-8057613
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
-
Incentives Scholarship Foundation Charitable Organization Social Service Agency
-
G3 Construction Construction Company
-
Boca Foam & Precast General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.28M
Owner & transaction history
428 Boca LLC · 11 yrs held
428 Boca LLC
since 2015
6 recorded transactions
Zoning & alternative use
NCB · Boca Raton, 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 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%
$2,440,000
6.5%
$2,250,000
7%
$2,090,000
Blend value · Realmo final
$2.28M
Range $2.05M – $2.50M · ±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
$439 / 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
$21,576
Tax year 2023
Assessed value
$1,104,050
Assessed 2023
Previous assessed
$1,038,663
+6.3% YoY
Effective rate
1.95%
On assessed value
Assessed land
$146,349
Assessed improvement
$957,701
Land market value
$146,349
Improvement market value
$957,701
Total market value
$1,104,050
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1983
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
5,177 SF
Lot
0.35 ac (15,455 SF)
Zoning code
NCB
APN
06-43-47-07-02-022-0030
UPID
US18-8057613
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
NCB · Boca Raton, FL
Zoning NCB · permitted uses
NCB · 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.
Building & site characteristics
From public records
Year built
1983
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.35 ac
Current owner
From public records · entity-resolved
428 Boca LLC
Entity
Mailing address
428 NW 35TH ST, BOCA RATON, FL 33431-5708
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2017
—
428 Boca LLC
—
Deed
related
$500,000 · Seacoast National Bank
Jan 12, 2015
$250,000
428 Boca LLC
Palmieri,gary R
Grant Deed
—
Jul 31, 2006
$1,400,000
Michael A Palmieri
Flynn Investments LLC
Warranty Deed
$1,125,000 · Bank Of America
Mar 1, 2002
$665,000
Flynn Investments LLC
H R M Investments INC
Grant Deed
$520,000 · Bankatlantic Fsb
Feb 15, 2000
$390,000
H R M Investments INC
Fine & Whitaker Enterprises
Grant Deed
$330,678 · Seller
—
—
Flynn Investments LLC
—
Deed Of Trust
related
$663,000 · Union Planters National 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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