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Property profile & analytics
OFF-MARKET
Estimated value
$4,280,000
High-rise multifamily apartments
601 Ocean Blvd Boca Raton, FL 33432-3020
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-2718062
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1971
Construction
STEEL FRAME
Total area
26,100 SF
Lot
0.62 ac (27,155 SF)
Zoning code
R-3
APN
06-43-47-20-11-015-0010
UPID
US18-2718062
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
-
601 North Ocean Apartments Apartment Building
-
Frank Rocco CLL Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.28M
Owner & transaction history
601 Ocean Investments LLC · 11 yrs held
601 Ocean Investments LLC
since 2014
3 recorded transactions
Zoning & alternative use
R-3 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$164 / 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
$107,771
Tax year 2023
Assessed value
$6,091,346
Assessed 2023
Previous assessed
$5,695,493
+7.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$1,414,600
Assessed improvement
$4,676,746
Land market value
$1,414,600
Improvement market value
$4,676,746
Total market value
$6,091,346
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1971
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
5
Units
22
Rooms
22
Bathrooms
22
Total area
26,100 SF
Lot
0.62 ac (27,155 SF)
Zoning code
R-3
APN
06-43-47-20-11-015-0010
UPID
US18-2718062
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
R-3 · Boca Raton, FLZoning R-3 · permitted uses
R-3 · 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
Building & site characteristics
From public records
Year built
1971
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
5
Units
22
Rooms
22
Bathrooms
22
Lot
0.62 ac
Current owner
From public records · entity-resolved
601 Ocean Investments LLC
Entity
Mailing address
601 N OCEAN BLVD, BOCA RATON, FL 33432-3020
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2016
—
601 Ocean Investments LLC
—
Deed
related
$3,400,000 · New York Cmnty Bk
Dec 2, 2014
$135,100
601 Ocean Investments LLC
Mead,alice A
Grant Deed
—
—
—
601 Ocean Investments LLC
—
Loan Modification
related
$3,400,000 · New York Cmnty Bk
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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