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Property profile & analytics
FOR LEASE
Industrial properties
4875 Park Ridge Blvd Boynton Beach, FL 33426
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-0978753
For Lease
1 / 5
$28 SF/Yr
4875 Park Ridge Blvd, Boynton Beach, FL 33426
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2005
Construction
CONCRETE
Total area
17,215 SF
Lot
1.41 ac (61,633 SF)
Zoning code
PID
APN
08-43-45-17-10-000-0501
UPID
US18-0978753
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.40M
CAP Approach
CAP
$4.57M
Comparable Approach
Comparable
$4.44M
Blend (final)
Blend
$3.40M
Owner & transaction history
Park Ridge Property Owner LLC · 1 yrs held
Park Ridge Property Owner LLC
since 2024
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
PID · 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
$3,400,000
ML approach
$3,400,000
CAP Approach
CAP Return
Estimation
6%
$4,950,000
6.5%
$4,570,000
7%
$4,240,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,150,000
Current use
Blend value · Realmo final
$3.40M
Range $3.06M – $3.74M · ±10% · vs last sale $3.40M (Nov 13 2024)
Last sale anchor
$3.40M
Nov 13 2024
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
$198 / 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
$60,739
Tax year 2023
Assessed value
$3,026,923
Assessed 2023
Previous assessed
$2,706,986
+11.8% YoY
Effective rate
2.01%
On assessed value
Assessed land
$1,047,761
Assessed improvement
$1,979,162
Land market value
$1,047,761
Improvement market value
$1,979,162
Total market value
$3,026,923
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
For Lease
Year built
2005
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
17,215 SF
Lot
1.41 ac (61,633 SF)
Zoning code
PID
APN
08-43-45-17-10-000-0501
UPID
US18-0978753
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PID · Boynton Beach, FL
Zoning PID · permitted uses
PID · 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
COMMERCIAL (GENERAL) Current
Est. value
$5.2M
COMMERCIAL (GENERAL) Current
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
2005
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
Park Ridge Property Owner LLC
Entity
Mailing address
317 PERUVIAN AVE STE #204, PALM BEACH, FL 33480-6059
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2024
$3,400,000
Park Ridge Property Owner LLC
Palamad LLC
Warranty Deed
$1,600,000 · American Security Insurance Company
Mar 9, 2015
$19,700
Palamad LLC
Maddock Paul L
Grant Deed
—
Sep 23, 2014
$1,970,000
Paul L Maddock
Triple Jay INC
Grant Deed
—
Feb 6, 2012
$1,400,000
Triple Jay INC
Lincoln Natl Life Ins
Warranty Deed
—
Sep 24, 2010
$100
Natl Life Ins Lincoln
4875 Park Ridge LLC Coc
Trustees Deed
related
—
Sep 16, 2004
$123,275
4875 Park Ridge LLC
Quantum LP Ltd
Grant Deed
—
—
—
4875 Park Ridge LLC
—
Deed Of Trust
related
$2,000,000 · Jefferson Pilot Financial Ins
—
—
Triple Jay INC
—
Deed Of Trust
related
$1,000,000 · Intervest National Bank
—
—
4875 Park Ridge LLC
—
Deed Of Trust
related
$2,026,000 · Bank Of America
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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