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Property profile & analytics
OFF-MARKET
Estimated value
$142,810,000
High-rise multifamily apartments
5205 Congress Ave Boca Raton, FL 33487-3785
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-7461376
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2022
Construction
STEEL FRAME
Total area
373,856 SF
Lot
4.12 ac (179,319 SF)
Zoning code
LIRP PMD
APN
06-42-47-01-29-001-0000
UPID
US18-7461376
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
-
Blink Charging Station Electric Vehicle Charging Station
-
Palms appliance repair Home Appliance Store
-
Kings of Ecom Marketing & Advertising IT Consulting Firm
-
CERU Apartment Complex Apartment Rental Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$88.46M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$142.81M
Owner & transaction history
Areit Boca Apartments LLC · 2 yrs held
Areit Boca Apartments LLC
since 2024
Last sale
$139.7M
2 recorded transactions
Zoning & alternative use
LIRP PMD · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
70.63 ac
Source
Realmo
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%
$95,830,000
6.5%
$88,455,000
7%
$82,140,000
Blend value · Realmo final
$142.81M
Range $128.53M – $157.09M · ±10% · vs last sale $139.69M (May 17 2024)
Last sale anchor
$139.69M
May 17 2024
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
$382 / 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
$2,195,935
Tax year 2023
Assessed value
$123,419,540
Assessed 2023
Previous assessed
$8,520,000
+1,348.6% YoY
Effective rate
1.78%
On assessed value
Assessed land
$17,040,000
Assessed improvement
$106,379,540
Land market value
$17,040,000
Improvement market value
$106,379,540
Total market value
$123,419,540
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2022
Construction
STEEL FRAME
Cooling
CENTRAL
Stories
8
Units
284
Total area
373,856 SF
Lot
4.12 ac (179,319 SF)
Zoning code
LIRP PMD
APN
06-42-47-01-29-001-0000
UPID
US18-7461376
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
LIRP PMD · Boca Raton, FLZoning LIRP PMD · permitted uses
LIRP PMD · Boca Raton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
70.63 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2022
Construction
STEEL FRAME
Cooling
Yes
Stories
8
Units
284
Lot
4.12 ac
Current owner
From public records · entity-resolved
Areit Boca Apartments LLC
Entity
Free & Clear · 2 yrs held
Mailing address
901 W YAMATO RD STE #115, BOCA RATON, FL 33431-4409
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2025
—
Sajed Chaliarom
—
Deed
related
$45,000 · Northstar Mortgage Investments INC
May 17, 2024
$139,687,600
Areit Boca Apartments LLC
Pg Mainstreet Ncc 5201 Apartments L
Special Warranty 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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