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Property profile & analytics
OFF-MARKET
Estimated value
$32,000,000
Office buildings
5550 Glades Rd Boca Raton, FL 33431-7205
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1429768
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1980
Construction
CONCRETE
Total area
71,865 SF
Lot
6.59 ac (286,856 SF)
Zoning code
CITY CG
APN
06-42-47-14-00-000-7020
UPID
US18-1429768
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
-
Law Offices of Robert A. Feldman Law Firm
-
Cenegenics Boca Raton Medical Clinic
-
AI+IP 2018 HVAC Service General Contractor
-
Attorney Howard Sohn Law Firm
-
Specialty Drug Management Innovations for Health Plans Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$32.00M
CAP Approach
CAP
$31.26M
Comparable Approach
Comparable
$23.59M
Blend (final)
Blend
$32.00M
Owner & transaction history
5550 Glades Rd Investors LLC · 1 yrs held
5550 Glades Rd Investors LLC
since 2024
Last sale
$32.0M
7 recorded transactions
Zoning & alternative use
CITY CG · Boca Raton, 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 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
$32,000,000
ML approach
$32,000,000
CAP Approach
CAP Return
Estimation
6%
$33,865,000
6.5%
$31,260,000
7%
$29,025,000
Blend value · Realmo final
$32.00M
Range $28.80M – $35.20M · ±10% · vs last sale $32.00M (Sep 10 2024)
Last sale anchor
$32.00M
Sep 10 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
$445 / 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
$444,701
Tax year 2023
Assessed value
$23,080,179
Assessed 2023
Previous assessed
$23,080,179
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$9,638,328
Assessed improvement
$13,441,851
Land market value
$9,638,328
Improvement market value
$13,441,851
Total market value
$23,080,179
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1980
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
6
Total area
71,865 SF
Lot
6.59 ac (286,856 SF)
Zoning code
CITY CG
APN
06-42-47-14-00-000-7020
UPID
US18-1429768
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CITY CG · Boca Raton, FL
Zoning 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
Boca Raton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
6
Buildings
2
Lot
6.59 ac
Current owner
From public records · entity-resolved
5550 Glades Rd Investors LLC
Entity
Mailing address
2200 S BUTTS RD STE #300, BOCA RATON, FL 33431-7453
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2024
$32,000,000
5550 Glades Rd Investors LLC
Town T LLC
Warranty Deed
$18,000,000 · Seacoast National Bank
Jun 28, 2024
$425,000
Uendi E Mesa
Joshua Brandon Cidoni Walker
Warranty Deed
—
Jun 28, 2024
$255,000
Eric Weiss
Lori A Davne
Warranty Deed
—
Jun 7, 2024
$206,000
Mark Wolfberg
King Sinde
Warranty Deed
—
Nov 26, 2019
—
Town T LLC
—
Deed
related
$13,090,400 · Bankunited NA
—
—
Town T LLC
—
Loan Modification
related
$13,090,400 · Bankunited NA
—
—
Town T LLC
—
Deed Of Trust
related
$15,750,000 · Bank United
—
—
Town T LLC
—
Deed Of Trust
related
$6,095,000 · Principal Life Insurance Co
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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