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Property profile & analytics
OFF-MARKET
Estimated value
$172,115,000
Hotels
501 Camino Real Boca Raton, FL 33432-6127
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-3604434
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Year built
1927
Construction
STEEL FRAME
Total area
398,405 SF
Lot
34.49 ac (1,502,384 SF)
Zoning code
R-5
APN
06-43-47-29-53-001-0000
UPID
US18-3604434
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
-
Spa Palmera Spa & Massage Center
-
The Flamingo Grill Restaurant
-
Tower at The Boca Raton Hotel & Motel
-
The boca raton Palm court Restaurant
-
The Boca Raton Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$231.26M
Blend (final)
Blend
$172.12M
Owner & transaction history
Boca Owner LLC · 7 yrs held
Boca Owner LLC
since 2019
6 recorded transactions
Zoning & alternative use
R-5 · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$275.0M
+64.8%
Apartment house (5+ units)
$273.1M
+63.6%
Auto repair, garage
$196.8M
+17.9%
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 Boca Raton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boca Raton 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$166,910,000
Current use
RESTAURANT
$274,985,000
Change: +65% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$273,130,000
Change: +64% · Conversion: Difficult
AUTO REPAIR, GARAGE
$196,780,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$158,860,000
Change: -5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$157,395,000
Change: -6% · Conversion: Difficult
MEDICAL BUILDING
$157,025,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$172.12M
Range $154.90M – $189.33M · ±10%
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
$432 / 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
$5,800,131
Tax year 2023
Assessed value
$324,781,133
Assessed 2023
Previous assessed
$271,070,260
+19.8% YoY
Effective rate
1.79%
On assessed value
Assessed land
$94,633,182
Assessed improvement
$230,147,951
Land market value
$94,633,182
Improvement market value
$230,147,951
Total market value
$324,781,133
Applied tax rate
6,154.0000
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
Hotels
Use group
HOTEL-RESORT
Status
Off-Market
Year built
1927
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
11
Stories
6
Units
361
Total area
398,405 SF
Lot
34.49 ac (1,502,384 SF)
Zoning code
R-5
APN
06-43-47-29-53-001-0000
UPID
US18-3604434
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
R-5 · Boca Raton, FL
Zoning R-5 · permitted uses
R-5 · Boca Raton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boca Raton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$166.9M
RESTAURANT
Est. value
$275.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$273.1M
AUTO REPAIR, GARAGE
Est. value
$196.8M
RETAIL STORES
Est. value
$158.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$157.4M
MEDICAL BUILDING
Est. value
$157.0M
HOTEL/MOTEL Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1927
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
6
Buildings
11
Units
361
Lot
34.49 ac
Current owner
From public records · entity-resolved
Boca Owner LLC
Entity
Free & Clear · 7 yrs held
Mailing address
645 5TH AVE FL #21, NEW YORK, NY 10022-5922
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2019
$430,353,699
Boca Owner LLC
Panthers Brhc LLC
Grant Deed
—
Jun 14, 2016
—
Panthers Brhc LLC
—
Deed
related
$430,000,000 · Jp Morgan Chase Bk
Dec 15, 2004
—
Panthers Brhc LLC
—
Deed Of Trust
related
$700,000,000 · Bank Of America
—
—
Panthers Brhc LLC
—
Deed Of Trust
related
$428,509 · Wachovia Bank NA
—
—
Panthers Brhc LLC
—
Loan Modification
related
$430,000,000 · Jp Morgan Chase Bk
—
—
Panthers Brhc LLC
—
Loan Modification
related
$425,000,000 · J P Morgan Chase Bank
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.
Try Rey
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