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Property profile & analytics
OFF-MARKET
Estimated value
$1,625,000
Showrooms
550 Industrial Way, Boynton Beach, FL 33426-8703
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-5133915
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1990
Construction
CONCRETE
Total area
6,000 SF
Lot
0.39 ac (16,971 SF)
Zoning code
M1
APN
08-43-45-16-25-000-0130
UPID
US18-5133915
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
-
Auto Storage of Delray Storage Facility Parking Lot & Garage
-
Euro Granite & Stone LLC Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.61M
CAP Approach
CAP
$1.59M
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.63M
Owner & transaction history
550 Industrial Way LLC · 3 yrs held
550 Industrial Way LLC
since 2023
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
M1 · Boynton Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.4M
+35.4%
Neighborhood: shopping center
$2.4M
+32.0%
Medical building
$2.4M
+31.7%
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
$1,415,000
ML approach
$1,605,000
CAP Approach
CAP Return
Estimation
6%
$1,725,000
6.5%
$1,590,000
7%
$1,480,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,795,000
Current use
RETAIL STORES
$2,430,000
Change: +35% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,370,000
Change: +32% · Conversion: Difficult
MEDICAL BUILDING
$2,365,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$2,020,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$1.63M
Range $1.46M – $1.79M · ±10% · vs last sale $1.65M (May 10 2023)
Last sale anchor
$1.65M
May 10 2023
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
$271 / 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
$13,795
Tax year 2023
Assessed value
$979,446
Assessed 2023
Previous assessed
$852,879
+14.8% YoY
Effective rate
1.41%
On assessed value
Assessed land
$509,100
Assessed improvement
$470,346
Land market value
$509,100
Improvement market value
$470,346
Total market value
$979,446
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1990
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
6,000 SF
Lot
0.39 ac (16,971 SF)
Zoning code
M1
APN
08-43-45-16-25-000-0130
UPID
US18-5133915
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.8M
RETAIL STORES
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.0M
COMMERCIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE 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
1990
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
550 Industrial Way LLC
Entity
Mailing address
4748 S OCEAN BLVD APT 14A, HIGHLAND BEACH, FL 33487-5328
Ownership since
2023
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
May 10, 2023
$1,650,000
550 Industrial Way LLC
Riz Real Estate Holdings LLC
Special Warranty Deed
—
Sep 27, 2013
$540,000
Riz Real Estate Holdings LLC
Ryan Realty LLC
Warranty Deed
$432,000 · Bankunited NA
Jul 18, 2005
$223,665
Ryan Realty LLC
Air Ref Co INC
Quit Claim Deed
related
—
Jun 21, 2000
$375,000
Air Ref Co INC
Vanderwoude,james
Grant Deed
$300,000 · Suntrust Bank NA
—
—
Air-ref Co INC
—
Deed Of Trust
related
$241,932 · Suntrust Bank NA
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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