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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Strip malls
6190 Federal Hwy, Boca Raton, FL 33487-3939
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US18-1264013
Property summary
AI-generated overview
This exceptional retail property, located at 6190 North Federal Highway in Boca Raton, Florida, offers a fantastic opportunity for businesses seeking a vibrant location. The building, a single-story Class B structure built in 1980 and extensively renovated in 2023, boasts a total of 7,128 square feet. Currently, 1,440 square feet of retail space is available for lease, perfect for a variety of commercial uses. The property sits on a 0.55-acre lot and provides abundant parking for customers and employees. Utilities are serviced by Florida Power & Light (FPL). The building is conveniently located near the Yamato Cross Street, within the West Palm Beach submarket of Palm Beach County. Its Commercial zoning allows for a wide range of business types. While the building does not include elevators, its single-story design ensures easy accessibility. This prime location in Boca Raton offers excellent visibility and accessibility, making it an ideal choice for businesses looking to establish or expand their presence in this thriving market. The recent renovation ensures modern amenities and a well-maintained property. Don't miss this chance to secure a space in this desirable location.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1980
Construction
CONCRETE
Total area
7,128 SF
Lot
0.55 ac (24,002 SF)
Zoning code
R-B-1
APN
06-43-47-05-02-018-0030
UPID
US18-1264013
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
-
Laura's Sewing & Fabric (Bike/Boat/Book/etc) Store
-
Reliable Appliance Repair Home Appliance Store
-
Pura Vida Yoga Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$1.14M
Owner & transaction history
Henry A Sipowski JR. · 21 yrs held
Henry A Sipowski JR.
since 2004
2 recorded transactions
Zoning & alternative use
R-B-1 · 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)
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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
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±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
$160 / 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
$28,381
Tax year 2023
Assessed value
$1,480,162
Assessed 2023
Previous assessed
$1,382,306
+7.1% YoY
Effective rate
1.92%
On assessed value
Assessed land
$768,032
Assessed improvement
$712,130
Land market value
$768,032
Improvement market value
$712,130
Total market value
$1,480,162
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1980
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
7,128 SF
Lot
0.55 ac (24,002 SF)
Zoning code
R-B-1
APN
06-43-47-05-02-018-0030
UPID
US18-1264013
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
R-B-1 · Boca Raton, FL
Zoning R-B-1 · permitted uses
R-B-1 · 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
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Henry A Sipowski JR.
Individual
Mailing address
6198 N FEDERAL HWY, BOCA RATON, FL 33487-3939
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
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 6, 2004
—
Henry A Sipowski JR.
—
Trustees Deed
related
$250,000 · Southern Community Bank Sw Fl
—
—
Henry A Sipowski JR.
—
Deed Of Trust
related
$399,531 · Fifth Third Bank
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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