You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.

6501 Park Commerce Blvd 33487 Boca Raton, FL 33487

Office buildings Google Maps
31,810 SF 4.36 ac lot Built 1987
Entity Owned 4-yr Hold Free & Clear
Estimated value (blended)
$8.07M
Range $7.26M – $8.88M (±10%)
Property ID US18-1266603

Property summary

AI-generated overview

This exceptional office space in Boca Raton's Park of Commerce (6501 Park of Commerce Blvd, 33487) offers a diverse range of solutions for businesses of all sizes. Choose from traditional private offices, fully furnished and equipped to suit your specific needs, including executive suites with iconic views and disaster recovery spaces. For a more collaborative environment, coworking options provide shared office or open-plan areas, with daily or hot desk rentals available. Meeting rooms cater to various needs, from informal chats to large conferences, offering Wi-Fi and equipment rentals. Virtual office solutions provide prestigious business addresses with mail handling and virtual assistant services, including lounge access and occasional office use. Flexible working plans offer access to a global network of workspaces, allowing for customized access to private offices or coworking spaces. Tailor your workspace from a single desk to over 100, or more, depending on your company's requirements. This property is located in Palm Beach County, Florida, and offers a variety of options to meet your business needs. The space is adaptable for various uses, including traditional office, executive office, coworking, medical office, and creative office settings. Multiple tenancies are available.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1987
Construction CONCRETE
Total area 31,810 SF
Lot 4.36 ac (189,922 SF)
Zoning code LIRP
APN 06-43-47-06-09-001-0020
UPID US18-1266603

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Consultant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$9.00M
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.23M
Blend (final) Blend
$8.07M

Owner & transaction history

since 2022
Last sale
$8.9M
5 recorded transactions
2022
$8.9M
2017
$9.0M
2005
$7.7M
2001
$5.0M
1969
Price N/A

Zoning & alternative use

LIRP · Boca Raton, FL
Zoning description

the LIRP zoning district was constructed shall not be rendered nonconforming as a result of not meeting interior side yard setbacks if subdivided pursuant to Section 26-31 , Code of Ordinances, provided that: (1) The lan…

General category INDUSTRIAL
Top alternative use upside
Retail stores $12.7M +23.5%
Neighborhood: shopping center $12.6M +22.4%
Medical building $12.5M +22.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message