You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $1,880,000
Retail space

499 Palmetto Park Rd Boca Raton, FL 33432-5080

9,560 SF 0.52 ac lot Built 1969
Individually Owned 13-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US19-0172285
Property summary
AI-generated overview

This exceptional office building, located at 499 East Palmetto Park Road, offers 9,560 leasable square feet on a 0.51-acre lot. Built in 1969 and renovated in 2005, the building features a striking Mediterranean-inspired façade with Tuscan finishes. Currently, four office spaces are available, ranging from 172 to 229 square feet. The building boasts 20 newly renovated, postmodern executive suites, complete with a shared reception area, waiting area, and conference room. Each suite enjoys vibrant lighting and stunning views of Palmetto Park Road, Boca Inlet Park, and 5th Avenue. The property's convenient location places it seconds from downtown Boca Raton and Palm Beach County's most affluent coastal communities. The building is home to a popular Italian restaurant, Trattoria Romana. Ample parking is available both on-site and on the street. Individual utility and electric meters ensure efficient cost management. Each unit features its own HVAC system, with tenant responsibility for maintenance. The diverse tenant mix includes professionals from architecture, health, law, and business. This is a unique opportunity to secure office space in a highly desirable Boca Raton location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1969
Construction CONCRETE
Total area 9,560 SF
Lot 0.52 ac (22,481 SF)
Zoning code DDRI
APN 06-43-47-20-04-000-0220
UPID US19-0172285
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
  • caterina torres, ms, lmhc, pa Medical Clinic
  • Vector International Pictures - Adavenuegroup - East Cost Corporate Office
  • Sherry Rawiszer LLC Crisis Center Medical Clinic
  • Yacht & Boat Party Rental Boca Raton Boat Rental Service
  • My Prime Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.49M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.88M
Owner & transaction history
James H Batmasian · 13 yrs held
James H Batmasian
since 2012
2 recorded transactions
2012
Price N/A
1969
Price N/A
Zoning & alternative use
DDRI · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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?”
You own 499 Palmetto Park Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message