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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Grocery and convenience stores
5440 Glades Rd Boca Raton, FL 33431-7210
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US18-2394132
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2007
Construction
CONCRETE
Total area
4,032 SF
Lot
0.77 ac (33,411 SF)
Zoning code
CITY CG
APN
06-42-47-14-00-000-5220
UPID
US18-2394132
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
-
AMG Heating & Cooling - H.V.A.C Systems Hardware & Home Improvement HVAC Service
-
Sungas Glades (Bike/Boat/Book/etc) Store
-
Sun Gas Marathon Grocery & Convenience Store
-
T9 HVAC.Repair.Services.Group Inc Hardware & Home Improvement HVAC Service
-
Q&S F.i.r.e/W.a.t.e.r-D.a.m.a.g.e-Restoration-Service-Co Corporate Office Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$725k
CAP Approach
CAP
$1.20M
Comparable Approach
Comparable
$824k
Blend (final)
Blend
$915k
Owner & transaction history
Associates LLC Properties-rege · 15 yrs held
Associates LLC Properties-rege
since 2011
5 recorded transactions
Zoning & alternative use
CITY CG · Boca Raton, FL
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
$725,000
CAP Approach
CAP Return
Estimation
6%
$1,295,000
6.5%
$1,195,000
7%
$1,110,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,380,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±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
$227 / 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
$55,775
Tax year 2023
Assessed value
$2,883,807
Assessed 2023
Previous assessed
$2,793,655
+3.2% YoY
Effective rate
1.93%
On assessed value
Assessed land
$2,104,956
Assessed improvement
$778,851
Land market value
$2,104,956
Improvement market value
$778,851
Total market value
$2,883,807
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
8
Total area
4,032 SF
Lot
0.77 ac (33,411 SF)
Zoning code
CITY CG
APN
06-42-47-14-00-000-5220
UPID
US18-2394132
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CITY CG · Boca Raton, FLZoning CITY CG · permitted uses
CITY CG · Boca Raton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$1.4M
WAREHOUSE, STORAGE
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
2007
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
8
Lot
0.77 ac
Current owner
From public records · entity-resolved
Associates LLC Properties-rege
Entity
Mailing address
5440 GLADES RD, BOCA RATON, FL 33431-7210
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2016
—
Sun Gas Properties Glades LLC
—
Deed
related
$3,000,000 · Wells Fargo Bank NA
Mar 23, 2011
—
Associates LLC Properties-rege
Cb Loan Purchase
Grant Deed
related
—
Apr 8, 2010
$5,000,000
Sun Gas Properties Glades LLC
Victory Oil Of Boca LLC
Warranty Deed
—
Mar 25, 2009
$2,700,000
Swordfish Real Estate LLC
Bp Products North America INC
Quit Claim Deed
related
$2,160,000 · Usameribank
—
—
Sun Gas Properties Glades LLC
—
Deed Of Trust
related
$4,000,000 · Bank Of America
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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