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Property profile & analytics
FOR LEASE
Retail properties & Spaces
601 S Federal Hwy, Boca Raton, FL 33432
Entity Owned
13-yr Hold
Free & Clear
Property ID
US18-3492169
For Lease
1 / 3
$26 SF/Yr
601 S Federal Hwy, Boca Raton, FL 33432
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1959
Construction
CONCRETE
Total area
18,326 SF
Lot
0.51 ac (22,067 SF)
Zoning code
DDRI
APN
06-43-47-20-15-006-0053
UPID
US18-3492169
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
-
Real Choice Home Inspections Inc. Home Inspector
-
Sightline Home Health Care Service
-
Real Choice Home Inspections & Services Inc. Home Inspector Handyman/Handywoman/Handyperson
-
paradigmwealth.net Financial Advisor
-
Smith & Vanture Car Accident Lawyers Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.67M
Owner & transaction history
601 Federal Investments LLC · 13 yrs held
601 Federal Investments LLC
since 2012
2 recorded transactions
Zoning & alternative use
DDRI · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$146 / 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
$78,583
Tax year 2023
Assessed value
$4,096,100
Assessed 2023
Previous assessed
$3,909,129
+4.8% YoY
Effective rate
1.92%
On assessed value
Assessed land
$1,969,480
Assessed improvement
$2,126,620
Land market value
$1,969,480
Improvement market value
$2,126,620
Total market value
$4,096,100
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
For Lease
Year built
1959
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
18,326 SF
Lot
0.51 ac (22,067 SF)
Zoning code
DDRI
APN
06-43-47-20-15-006-0053
UPID
US18-3492169
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
DDRI · Boca Raton, FL
Zoning DDRI · permitted uses
DDRI · 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
1959
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.51 ac
Current owner
From public records · entity-resolved
601 Federal Investments LLC
Entity
Free & Clear · 13 yrs held
Mailing address
215 N FEDERAL HWY, BOCA RATON, FL 33432-3994
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2012
$2,000,000
601 Federal Investments LLC
Advance Business Assocs LLP
Grant Deed
—
—
—
601 Federal Investments LLC
—
Deed Of Trust
related
$5,000,000 · Compass 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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