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Property profile & analytics
OFF-MARKET
Estimated value
$1,710,000
Strip malls
625 Spanish Riv Blvd, Boca Raton, FL 33431-6100
Entity Owned
11-yr Hold
Free & Clear
Property ID
US18-5394126
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
CONCRETE
Total area
8,241 SF
Lot
0.98 ac (42,475 SF)
Zoning code
R-B-1
APN
06-43-47-08-40-002-0000
UPID
US18-5394126
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
-
Cristino Fine Jewelry (Bike/Boat/Book/etc) Store
-
Bakery of France Bakery Specialty Food Shop
-
Sport Clips Haircuts of Boca Raton Hair Salon
-
Magic Hands Oriental massage/Foot SPA Alternative Medicine Practice Spa & Massage Center
-
Souvlaki Time Boca Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.71M
Owner & transaction history
625 Spanish River Invs LLC · 11 yrs held
625 Spanish River Invs LLC
since 2014
6 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)
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
$207 / 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
$56,571
Tax year 2023
Assessed value
$2,917,553
Assessed 2023
Previous assessed
$2,872,963
+1.6% YoY
Effective rate
1.94%
On assessed value
Assessed land
$1,614,088
Assessed improvement
$1,303,465
Land market value
$1,614,088
Improvement market value
$1,303,465
Total market value
$2,917,553
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
2006
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
8,241 SF
Lot
0.98 ac (42,475 SF)
Zoning code
R-B-1
APN
06-43-47-08-40-002-0000
UPID
US18-5394126
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
2006
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
625 Spanish River Invs LLC
Entity
Free & Clear · 11 yrs held
Mailing address
215 N FEDERAL HWY, BOCA RATON, FL 33432-3994
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2017
—
625 Spanish River Invs LLC
—
Loan Modification
related
$6,500,000 · Capital Bk
Dec 19, 2014
—
625 Spanish River Invs LLC
Mfar LLC
Quit Claim Deed
related
—
Oct 2, 2012
—
James Batmasian
—
Deed Of Trust
related
$13,000,000 · Great Florida Bank
Mar 24, 2010
—
James H Batmasian
—
Deed Of Trust
related
$29,250,000 · Great Florida Bank
Dec 6, 2006
—
Mfar LLC
—
Deed Of Trust
related
$1,531,385 · Great Florida Bank
—
—
625 Spanish River Invs LLC|cd-berm LLC
—
Deed Of Trust
related
$6,500,000 · Capital 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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