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Property profile & analytics

490 Palmetto Park Rd Boca Raton, FL 33432-5065

  • Office buildings
  • 30,988 SF
  • 0.43 lot acres
OFF-MARKET
Last Sale
May 27, 2024
Value Estimations
$6,390,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US18-3647256
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Chrystelle Whitney Photography / Wedding Photographer
  • Gross Hoffman PLLC / Civil Law Attorney
  • Johnson William / Insurance Agency

Property Details for 490 Palmetto Park Rd

Year built
1990
Construction
CONCRETE
Lot size
0.43 lot acres
Property size
30,988 SF
Zone code
DDRI
Property type
Office buildings
APN
06-43-47-29-01-015-0011
APU
6434729010150011

Description

This exceptional Class A, three-story office building, located at 490 E Palmetto Park Rd in Boca Raton, FL 33432, offers 31,784 square feet of space. Currently, 13,350 square feet is vacant, with a maximum contiguous space of 9,670 square feet available on the third floor, featuring a large balcony with Intracoastal views. The building boasts 92 parking spaces, elevators, and is conveniently located near major roadways (Federal Highway, I-95, South Ocean Boulevard), Tri-Rail, and Brightline stations. Its proximity to Mizner Park, Royal Palm Place, The Boca Raton resort, and the beach enhances its appeal. Built in 1990, this property is zoned DDRI—DOWNTOWN DDRI (06-BOCA RATON) and offers a blend of traditional office, executive office, and coworking space options. Multiple tenancy is available, with smaller spaces ranging from 1,000 to 9,670 square feet. This landmark building provides unparalleled visibility and accessibility, making it an ideal location for businesses seeking a prestigious address in downtown Boca Raton. The property's location offers a unique blend of business convenience and lifestyle amenities, creating a desirable work environment. This is a rare opportunity to secure space in one of East Boca's most sought-after locations.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $6,090,000
    ML approach
    $5,960,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $7,125,000
    Market price range: $6.76M - $20.3M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Boca Raton
County
Palm Beach
State
Florida
Longitude
-80.0779
Latitude
26.3503
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$90,295
$4,515,000
$1,246,840
$5,761,840
-
$4,515,000
$1,246,840
$5,761,840
More about this property
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