Back to Search
Property profile & analytics
FOR LEASE
Office buildings
6111 Broken Sound Pkwy Northwest Boca Raton, FL 33499
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4150032
For Lease
$22,530,000
6111 Broken Sound Pkwy Northwest, Boca Raton, FL 33499
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1986
Construction
CONCRETE
Total area
99,433 SF
Lot
8.02 ac (349,164 SF)
Zoning code
LIRP
APN
06-42-47-01-05-015-0000
UPID
US18-4150032
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
-
Marlyn J. Wiener, P.A. Law Firm
-
Virtue Rx LLC Pharmacy Industrial Manufacturer
-
National Group Benefits Insurance Agency
-
Exam Coordinators Network, a division of Genex Services Insurance Agency
-
Chad Laing / Laing Weicholz Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$28.01M
Blend (final)
Blend
$22.53M
Owner & transaction history
Double H Homes LLC · 2 yrs held
Double H Homes LLC
since 2024
7 recorded transactions
Zoning & alternative use
LIRP · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$32,105,000
Current use
Blend value · Realmo final
$22.53M
Range $20.28M – $24.78M · ±10%
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
$227 / 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
$399,058
Tax year 2023
Assessed value
$21,367,141
Assessed 2023
Previous assessed
$19,790,810
+8.0% YoY
Effective rate
1.87%
On assessed value
Assessed land
$3,739,536
Assessed improvement
$17,627,605
Land market value
$3,739,536
Improvement market value
$17,627,605
Total market value
$21,367,141
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
For Lease
Year built
1986
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
99,433 SF
Lot
8.02 ac (349,164 SF)
Zoning code
LIRP
APN
06-42-47-01-05-015-0000
UPID
US18-4150032
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
LIRP · Boca Raton, FL
Zoning LIRP · permitted uses
LIRP · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$32.1M
OFFICE BUILDING Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
8.02 ac
Current owner
From public records · entity-resolved
Double H Homes LLC
Entity
Mailing address
100 N FEDERAL HWY STE #400, HALLANDALE BEACH, FL 33009-4373
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2024
—
Double H Homes LLC
Jennifer Frank
Warranty Deed
—
Jan 11, 2024
$25,000,000
Bri 1885 Atrium At Boca LP
Alchemy Abr Bcp Broken Sound 1 LLC
Special Warranty Deed
—
Nov 13, 2018
$22,400,000
Alchemy-abr-bcp Broken Sound 1
Icm Vii Atrium LP
Grant Deed
$15,925,000 · Bankunited Fsb
Jan 19, 2016
$17,050,000
Icm Vii Atrium LP
6111 Bsp Associates Ltd
Special Warranty Deed
—
Jun 24, 2009
$10,000,000
6111 Bsp Associates Ltd
6111 Broken Sound LLC
Warranty Deed
—
Oct 22, 2007
—
6111 Broken Sound LLC
—
Grant Deed
related
$22,250,000 · First Choice Cu
May 20, 2005
$8,600,000
6111 Broken Sound LLC
Rexall Sundown INC
Grant Deed
—
May 10, 2005
—
6111 Broken Sound LLC
—
Deed Of Trust
related
$24,216,000 · Standard Federal Bank
Jul 24, 2003
—
Rexall Sundown INC
Rs Oldco INC
Grant Deed
related
—
Nov 6, 1997
$8,100,000
Rexall Sundown INC
Levitz Furniture Corp
Grant Deed
—
—
—
6111 Broken Sound LLC
—
Deed Of Trust
related
$2,500,000 · Lasalle Bank Midwest NA
—
—
6111 Bsp Associates Ltd
—
Deed Of Trust
related
$7,000,000 · American National Insurance Co
—
—
6111 Bsp Associates Ltd
—
Deed Of Trust
related
$2,500,000 · Legacy Bank Florida
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
