499 Palmetto Park Rd Boca Raton, FL 33432-5080
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
DDRI · Boca Raton, FLBoca Raton. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.