Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    555 Ocean Ave Boynton Beach, FL 33426-4384

    • Office buildings
    • 1,136 SF
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    Jan 22, 2024
    $875,000
    Value Estimations
    $875,000
    Show details
    Cap Rate Potential
    3.7%
    Office buildings
    Location Intelligence
    Property ID
    US18-0750872
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bilbo's Marine / Boat Repair Shop / Auto Painting
    • Seaside Marine Construction - Boat Lifts, Docks and Pilings / Dock Builder / Boat Ramp

    Property Details for 555 Ocean Ave

    Year built
    1979
    Construction
    WOOD
    Lot size
    0.29 lot acres
    Property size
    1,136 SF
    Zone code
    M1
    Property type
    Office buildings
    APN
    08-43-45-28-15-074-0070
    APU
    8434528150740070

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $875,000
      ML approach
      $875,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Boynton Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0739
    Latitude
    26.5275
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,760
    $318,700
    $98,301
    $417,001
    -
    $318,700
    $98,301
    $417,001

    Comparable in this City

    • Value Estimation
      $415,000
      3,810 SF

      1400 Neptune Dr

      OFFICE BUILDING (MULTI-STORY) • 3,810 SF
      1400 Neptune Dr, Boynton Beach, FL 33426-8406
      View Details
    • Value Estimation
      $1,140,000
      97,053 SF

      2300 High Rdg Rd

      OFFICE BUILDING (MULTI-STORY) • 97,053 SF
      2300 High Rdg Rd, Boynton Beach, FL 33426-8747
      View Details
    • Value Estimation
      $290,000
      12,048 SF

      3651 Quantum Blvd

      OFFICE BUILDING (MULTI-STORY) • 12,048 SF
      3651 Quantum Blvd, Boynton Beach, FL 33426-8638
      View Details
    • Value Estimation by Request
      6,357 SF

      4745 7th Ct

      OFFICE BUILDING (MULTI-STORY) • 6,357 SF
      4745 7th Ct, Boynton Beach, FL 33426-9340
      View Details
    • Value Estimation
      $120,000
      1,200 SF

      1302 30th Ave

      OFFICE BUILDING (MULTI-STORY) • 1,200 SF
      1302 30th Ave, Boynton Beach, FL 33426-9018
      View Details
    • Value Estimation
      $430,000
      7,356 SF

      2309 Woolbright Rd Ste, Unit 1

      OFFICE BUILDING (MULTI-STORY) • 7,356 SF
      2309 Woolbright Rd Ste, Boynton Beach, FL 33426-6366
      View Details

    Similar Nearby for Sale

    • $670,000

      Boynton Beach Office Space For Sale

      Modern Office/Warehouse, Prime Location
      2423 Quantum Blvd, Boynton Beach, FL 33426
      View Details
    • $14,000,000
      63,663 SF

      Boynton Beach Commercial Space Available

      Commercial, industrial, office, and warehouse space for sale.
      1500 High Ridge Rd, Boynton Beach, FL 33426
      View Details
    • $2,500,000

      Dental Offices Near I-95

      Fully built-out dental offices with income potential near I-95.
      650 W Boynton Beach Blvd, Boynton Beach, FL 33426
      View Details
    • $2,500,000
      4,364 SF

      Boynton Beach Office Building Investment

      Prime Medical Office, High Visibility
      650 Boynton Beach Blvd, Boynton Beach, FL 33426
      View Details
    • $1,600,000

      Licensed Crematory Business Opportunity

      Full-service, licensed crematory business for sale in Boynton Beach.
      3300 S Congress Ave, Boynton Beach, FL 33426
      View Details
    • $5,999,999
      15,240 SF

      Boynton Beach Warehouse with Office

      15,240 SF warehouse with high-end office space.
      121 Commerce Rd, Boynton Beach, FL 33426
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      2,200 SF

      Boynton Beach Office Space Available

      Office space with reception, offices, storage, and open area.
      1070 Gateway Blvd, Boynton Beach, FL 33426
      View Details
    • $1.00 SF/Yr
      40,975 SF

      Boynton Beach Medical/Office Space

      Medical/office suite in professional building, Boynton Beach, available for sublease.
      1301 N Congress Ave, Boynton Beach, FL 33426
      View Details
    • Contact for pricing
      1,430 SF

      Boynton Beach Office Space Available

      Office space for rent in a centralized Palm Beach location.
      1500 Gateway Blvd, Boynton Beach, FL 33426
      View Details
    • $20 SF/Yr
      28,977 SF

      Boynton Beach Executive Office Suite

      Prime Sublease: 1,718 sq ft, furnished option
      1501 Corporate Dr, Boynton Beach, FL 33426
      View Details
    • $2 SF/Yr
      1,363 SF

      Boynton Beach Office Space Available

      Office space featuring reception, restroom, kitchen, and open work area.
      1034 Gateway Blvd, Boynton Beach, FL 33426
      View Details
    • $16 SF/Yr
      1,235 SF

      Boynton Beach Office Suites Available

      Office and medical suites for lease in Boynton Beach.
      2240 W Woolbright Rd, Boynton Beach, FL 33426
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    555 Ocean Ave
    Boynton Beach, FL 33426-4384
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.