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Property profile & analytics
FOR LEASE
Office buildings
6551 Park Of Commerce Blvd Boca Raton, FL 33487
Entity Owned
1-yr Hold
Free & Clear
Property ID
US19-0782257
For Lease
1 / 2
Contact for pricing
6551 Park Of Commerce Blvd, Boca Raton, FL 33487
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1998
Construction
CONCRETE
Total area
70,136 SF
Lot
10.66 ac (464,350 SF)
Zoning code
LIRP
APN
06-43-47-06-09-001-0010
UPID
US19-0782257
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
-
Andrea Lubeck, DPT Medical Clinic
-
Cross Country Allied Employment Agency
-
Elisbeth Kosempa Physician
-
Latia Kirby Physician
-
Braga Jessica B Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
6601 Park Of Commerce Holdings Lllp · 1 yrs held
6601 Park Of Commerce Holdings Lllp
since 2025
Last sale
$14.0M
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$604,545
Tax year 2023
Assessed value
$32,050,029
Assessed 2023
Previous assessed
$29,856,807
+7.3% YoY
Effective rate
1.89%
On assessed value
Assessed land
$5,668,736
Assessed improvement
$26,381,293
Land market value
$5,668,736
Improvement market value
$26,381,293
Total market value
$32,050,029
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
1998
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
70,136 SF
Lot
10.66 ac (464,350 SF)
Zoning code
LIRP
APN
06-43-47-06-09-001-0010
UPID
US19-0782257
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.
Building & site characteristics
From public records
Year built
1998
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
10.66 ac
Current owner
From public records · entity-resolved
6601 Park Of Commerce Holdings Lllp
Entity
Free & Clear · 1 yrs held
Mailing address
7900 GLADES RD STE #600, BOCA RATON, FL 33434-4105
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2025
$14,000,000
6601 Park Of Commerce Holdings Lllp
Meridian Park Of Commerce LLC
Special Warranty Deed
—
Jul 6, 2022
$29,850,000
Meridian Park Of Commerce LLC
Ivy Meridian Property LLC
Special Warranty Deed
—
Dec 18, 2015
$26,985,000
Ivy Meridian Property LLC
Granite Meridian LLC
Special Warranty Deed
$17,550,000 · Td Bank NA
Oct 12, 2007
$27,200,000
Granite Meridian LLC
Meridian Commercial Props
Grant Deed
—
Sep 4, 1997
$2,635,400
Meridian Commericial Propertie
Meridian Properties
Grant Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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