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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6190 Federal Hwy Boca Raton, FL 33487-3939

    • Strip malls
    • 7,128 SF
    • 0.55 lot acres
    OFF-MARKET
    Value Estimations
    $1,140,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1264013
    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

    • Laura's Sewing & Fabric / (Bike/Boat/Book/etc) Store
    • Reliable Appliance Repair / Home Appliance Store
    • Pura Vida Yoga / Gym & Fitness Center

    Property Details for 6190 Federal Hwy

    Year built
    1980
    Construction
    CONCRETE
    Lot size
    0.55 lot acres
    Property size
    7,128 SF
    Zone code
    R-B-1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    06-43-47-05-02-018-0030
    APU
    6434705020180030

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,569,000
      Market price range: $1.57M - $4.82M

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

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0756
    Latitude
    26.4044
    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
    $28,381
    $768,032
    $712,130
    $1,480,162
    -
    $768,032
    $712,130
    $1,480,162

    Comparable in this City

    • Value Estimation
      $940,000
      5,160 SF

      6020 Federal Hwy

      SHOPPING CENTER, STRIP CENTER • 5,160 SF
      6020 Federal Hwy, Boca Raton, FL 33487-3926
      View Details
    • Value Estimation
      $955,000
      5,712 SF

      6455 Federal Hwy

      SHOPPING CENTER, STRIP CENTER • 5,712 SF
      6455 Federal Hwy, Boca Raton, FL 33487-3154
      View Details
    • Value Estimation
      $4,205,000
      28,669 SF

      7301 Federal Hwy

      SHOPPING CENTER, STRIP CENTER • 28,669 SF
      7301 Federal Hwy, Boca Raton, FL 33487-1900
      View Details
    • Value Estimation
      $5,180,000
      32,784 SF

      7400 Federal Hwy

      SHOPPING CENTER, STRIP CENTER • 32,784 SF
      7400 Federal Hwy, Boca Raton, FL 33487-1693
      View Details
    • Value Estimation
      $1,035,000
      6,104 SF

      6201 Federal Hwy

      SHOPPING CENTER, STRIP CENTER • 6,104 SF
      6201 Federal Hwy, Boca Raton, FL 33487-3200
      View Details
    • Value Estimation
      $915,000
      5,000 SF

      5501 Federal Hwy

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
      5501 Federal Hwy, Boca Raton, FL 33487-4023
      View Details

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      Commercial Space in Boca Raton

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      5499 N Federal Hwy, Boca Raton, FL 33487
      View Details
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    Boca Raton, FL 33487-3939
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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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