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500 Spanish Riv Blvd Boca Raton, FL 33431-4515

OFF-MARKET Office buildings Google Maps
37,814 SF 4.51 ac lot Built 1974
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$11.44M
Range $10.30M – $12.58M (±10%)
Property ID US18-3536694

Property summary

AI-generated overview

The Countyand on Spanish River, located at 500 NE Spanish River Blvd in Boca Raton, Florida (zip code 33431), presents a unique opportunity for businesses seeking executive office space. This premier lifestyle center boasts a total of 26,404 square feet of retail and office space, with a significant 31,223 square feet currently vacant. The property offers multiple tenancy options, with spaces ranging from a minimum of 906 square feet to a maximum contiguous space of 6,219 square feet. Sixteen individual spaces are currently available. The building's strategic location at the intersection of North Federal Highway and Spanish River Boulevard, a high-traffic corridor, ensures exceptional visibility and accessibility. Its proximity to I-95 provides convenient access for employees and clients. Ample parking is available for tenants and visitors. This property is situated in Palm Beach County and offers a vibrant and thriving business environment. The building's design and location make it an ideal choice for businesses seeking a prestigious and easily accessible location in Boca Raton. The available spaces are perfect for a variety of businesses, offering flexibility and the potential for customization. Contact us today to learn more about this exceptional opportunity.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1974
Construction CONCRETE
Total area 37,814 SF
Lot 4.51 ac (196,290 SF)
Zoning code B-2
APN 06-43-47-08-04-048-0010
UPID US18-3536694

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Physician
  • Alternative Medicine Practice Spa & Massage Center
  • Counselor Doctor
  • Alternative Medicine Practice

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$9.39M
CAP Approach CAP
$16.45M
Comparable Approach Comparable
$12.09M
Blend (final) Blend
$11.44M

Owner & transaction history

since 2022
Last sale
$12.6M
6 recorded transactions
2022
$12.6M
2019
Price N/A
2015
$8.1M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-2 · Boca Raton, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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