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    Property profile & analytics

    6000 Glades Rd Boca Raton, FL 33431-7208

    • Super regional malls
    • 364,443 SF
    • 39.08 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4298365
    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

    • Peloton - Boca Raton / Gym & Fitness Center
    • Truck Court #4 @ Boca Mall / Parking Lot & Garage
    • Truck Court #2 @ Boca Mall / Parking Lot & Garage
    • Stekel Enterprises / Business Management Consultant
    • Bougainville Internal Inc / Business Management Consultant

    Property Details for 6000 Glades Rd

    Year built
    1980
    Construction
    STEEL FRAME
    Lot size
    39.08 lot acres
    Property size
    364,443 SF
    Zone code
    CITY CG
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    06-42-47-14-00-000-7030
    APU
    6424714000007030

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $116,930,000
      6.5%
      $107,935,000
      7%
      $100,225,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $143,975,000
      Current use
      RETAIL STORES
      $145,320,000
      Change: +1% Conversion: Easy
      MEDICAL BUILDING
      $143,640,000
      Change: -0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1327
    Latitude
    26.3648
    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
    $11,603,435
    $0.00
    $660,000,000
    $660,000,000
    -
    $0.00
    $660,000,000
    $660,000,000

    Comparable in this City

    • Value Estimation
      $950,000
      5,000 SF

      2351 Federal Hwy

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
      2351 Federal Hwy, Boca Raton, FL 33431-7748
      View Details
    • Value Estimation
      $3,980,000
      14,400 SF

      141 20th St Sta, Unit A

      SHOPPING CENTER, STRIP CENTER • 14,400 SF
      141 20th St Sta, Boca Raton, FL 33431-7966
      View Details
    • Value Estimation
      $6,110,000
      22,102 SF

      2240 19th St, Unit 600

      SHOPPING CENTER, STRIP CENTER • 22,102 SF
      2240 19th St, Boca Raton, FL 33431-8506
      View Details
    • Value Estimation
      $1,105,000
      6,972 SF

      Boca Raton, FL 33431

      SHOPPING CENTER, STRIP CENTER • 6,972 SF
      Boca Raton, FL 33431
      View Details
    • Value Estimation
      $1,935,000
      9,936 SF

      2257 Federal Hwy

      SHOPPING CENTER, STRIP CENTER • 9,936 SF
      2257 Federal Hwy, Boca Raton, FL 33431-7709
      View Details
    • Value Estimation
      $1,175,000
      5,515 SF

      2521 Federal Hwy

      SHOPPING CENTER, STRIP CENTER • 5,515 SF
      2521 Federal Hwy, Boca Raton, FL 33431-7770
      View Details

    Similar Nearby for Sale

    • $180,000

      Boca Raton Retail Business Opportunity

      Established Turnkey Retail Business in Boca Raton
      2800 Federal Hwy, Boca Raton, FL 33431
      View Details
    • $5,500,000
      4,700 SF

      Boca Raton Restaurant Opportunity

      Freestanding restaurant property in Boca Raton's thriving business community.
      5530 Glades Rd, Boca Raton, FL 33431
      View Details
    • Contact for pricing
      987 SF

      East Boca Commercial Space

      987 SF commercial space in prime East Boca location.
      4800 N Federal Hwy, Boca Raton, FL 33431
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    • $4,699,000
      0.44 Acres

      Waterfront Lot in Gated Community

      Rare waterfront lot with ocean access in exclusive Boca Raton.
      4700 Sanctuary Ln, Boca Raton, FL 33431
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    • $1,500,000
      3,278 SF

      Boca Raton Medical Office Condo

      Class A, 3,278 sq ft, Vacant, Owner/User
      4800 Federal Hwy, Boca Raton, FL 33431
      View Details
    • $1,175,000
      2,554 SF

      Boca Raton Medical Office Space

      2,554 SF medical office space in Boca Raton, Florida.
      2900 N Military Trl, Boca Raton, FL 33431
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      140,000 SF

      Prime Retail Space in Boca

      Two-level retail building with high visibility and ample parking.
      3200 Airport Rd, Boca Raton, FL 33431
      View Details
    • Contact for pricing
      4,404 SF

      Retail and Office Property

      Mixed-use retail and office property in Boca Raton, Florida.
      2240 NW 19Th St, Boca Raton, FL 33431
      View Details
    • Contact for pricing
      1,858 SF

      Retail and Office Property

      Mixed-use retail and office property in Boca Raton, Florida.
      2200 Glades Rd, Boca Raton, FL 33431
      View Details
    • Contact for pricing
      7,091 SF

      Retail and Office Property

      Mixed-use property in Boca Raton with retail and office spaces.
      2222 Glades Rd, Boca Raton, FL 33431
      View Details
    • Contact for pricing

      Fifth Avenue Shops Retail Space

      Established retail and dining destination in Boca Raton.
      2200 N Federal Hwy, Boca Raton, FL 33431
      View Details
    • Contact for pricing

      Mixed-Use Shopping Center For Rent

      Vibrant, renovated mixed-use shopping center near Florida Atlantic University.
      141 NW 20Th St, Boca Raton, FL 33431
      View Details

    Property Visit Statistics

    • Visits by month
      95.6k
    • Visitors by month
      78.4k
    • Avg Time on site
      36 min
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    Boca Raton, FL 33431-7208
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    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
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