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Property profile & analytics
OFF-MARKET
Estimated value
$8,610,000
Manufacturing properties
505 Industrial Way Boynton Beach, FL 33426-8770
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0660066
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1980
Construction
STEEL FRAME
Total area
55,769 SF
Lot
4.05 ac (176,414 SF)
Zoning code
M1
APN
08-43-45-16-00-000-3080
UPID
US19-0660066
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
-
Ecco Doors LLC Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.27M
Comparable Approach
Comparable
$10.89M
Blend (final)
Blend
$8.61M
Owner & transaction history
Dixie-industrial Props LLC · 16 yrs held
Dixie-industrial Props LLC
since 2010
3 recorded transactions
Zoning & alternative use
M1 · Boynton Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Boynton Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boynton Beach 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%
$10,035,000
6.5%
$9,265,000
7%
$8,600,000
Blend value · Realmo final
$8.61M
Range $7.75M – $9.47M · ±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
$154 / 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
$97,314
Tax year 2023
Assessed value
$4,883,219
Assessed 2023
Previous assessed
$3,822,501
+27.7% YoY
Effective rate
1.99%
On assessed value
Assessed land
$1,949,386
Assessed improvement
$2,933,833
Land market value
$1,949,386
Improvement market value
$2,933,833
Total market value
$4,883,219
Applied tax rate
8,983.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1980
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
55,769 SF
Lot
4.05 ac (176,414 SF)
Zoning code
M1
APN
08-43-45-16-00-000-3080
UPID
US19-0660066
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
M1 · Boynton Beach, FL
Zoning M1 · permitted uses
M1 · Boynton Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boynton Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
4.05 ac
Current owner
From public records · entity-resolved
Dixie-industrial Props LLC
Entity
Mailing address
251 SOUTHERN BLVD, WEST PALM BEACH, FL 33405-2737
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2010
—
Dixie-industrial Props LLC
Kenney,donill J JR & Jodie D
Quit Claim Deed
related
—
Jun 25, 2003
$2,000,000
Donill J Kenney
Sermatech International INC
Grant Deed
$1,600,000 · Fidelity Federal Bank & Trust
Jan 13, 2003
$1,200,000
Sermatech International INC
Rollyson,genevieve & James H
Grant Deed
—
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.
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