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

    6598 Federal Hwy Boca Raton, FL 33487-3157

    • Retail properties
    • 11,352 SF
    • 0.78 lot acres
    OFF-MARKET
    Last Sale
    Aug 27, 2024
    Value Estimations
    $2,505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5259934
    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

    • Rooms To Go Patio -East Boca / Furniture & Home Goods / Home Decor Store
    • Rooms To Go Patio / Furniture & Home Goods / Hardware & Home Improvement
    • Room To Go Patio - Boca Raton / Furniture & Home Goods / Home Decor Store

    Property Details for 6598 Federal Hwy

    Year built
    1995
    Construction
    CONCRETE
    Lot size
    0.78 lot acres
    Property size
    11,352 SF
    Zone code
    R-B-1
    Property type
    Retail properties
    APN
    06-43-47-05-02-014-0010
    APU
    6434705020140010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,200,000
      6.5%
      $2,955,000
      7%
      $2,740,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,880,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0757
    Latitude
    26.408
    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
    $64,960
    $1,080,736
    $2,264,197
    $3,344,933
    -
    $1,080,736
    $2,264,197
    $3,344,933

    Comparable in this City

    • Value Estimation by Request
      121,270 SF

      7401-7491 Federal Hwy

      Neighborhood centers • 121,270 SF
      7401-7491 Federal Hwy, Boca Raton, FL 33487
      View Details
    • Value Estimation
      $4,625,000
      23,180 SF

      7750 Federal Hwy

      DEPARTMENT STORE • 23,180 SF
      7750 Federal Hwy, Boca Raton, FL 33487-1678
      View Details
    • Value Estimation by Request

      Airline National Food Supplier

      Restaurants
      0 Airline National Food Supplier, Boca Raton, FL 33487
      View Details
    • Value Estimation
      $1,335,000
      7,360 SF

      7720 Federal Hwy

      DEPARTMENT STORE • 7,360 SF
      7720 Federal Hwy, Boca Raton, FL 33487-1614
      View Details
    • Value Estimation
      $1,355,000
      6,000 SF

      6401 Federal Hwy

      DEPARTMENT STORE • 6,000 SF
      6401 Federal Hwy, Boca Raton, FL 33487-3154
      View Details
    • Value Estimation
      $4,100,000
      22,476 SF

      6300 Federal Hwy

      DEPARTMENT STORE • 22,476 SF
      6300 Federal Hwy, Boca Raton, FL 33487-3250
      View Details

    Similar Nearby for Sale

    • $11,000,000

      Boca Raton Restaurant & Warehouse

      Established Food Supplier, $11M
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    • Contact for pricing
      19 SF

      phesent walk

      high
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    • $3,695,000

      East Boca Raton Mixed-Use Investment

      Seven-unit property, prime location, high demand.
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    • $519,000
      1,097 SF

      Boca Raton Office Space Available

      Move-in ready office space with upgraded features and ample parking.
      6751 N Federal Hwy, Boca Raton, FL 33487
      View Details
    • Contact for pricing
      68,319 SF

      North Boca Raton Office Building

      Well-maintained office building in North Boca Raton with multiple spaces.
      6400-6420 Congress Ave, Boca Raton, FL 33487
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    • New
      $3,998,900
      0.23 Acres

      Waterfront Land with Boat Dock

      Prime Boca Raton waterfront property with Intracoastal views and boat dock.
      876 Forsyth St, Boca Raton, FL 33487
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    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Boca Raton Retail Space for Lease

      Prime Boca Raton restaurant space, high traffic location.
      6730 Congress Ave, Boca Raton, FL 33487
      View Details
    • Contact for pricing
      968 SF

      Retail Development at Congress Avenue

      New retail development with drive-thru, delivering Mid-2026.
      6700-6730 Congress Ave, Boca Raton, FL 33487
      View Details
    • $36 SF/Yr
      121,270 SF

      Boca Valley Plaza Retail Center

      High-income Boca Raton retail space.
      7401-7491 Federal Hwy, Boca Raton, FL 33487
      View Details
    • Contact for pricing

      2.2 Acre Retail Parcel

      2.2 acre parcel with 10,580 SF freestanding retail building.
      Boca Raton, FL 33487
      View Details
    • $30 SF/Yr
      35,000 SF

      Boca Raton Office Building

      Three-story building with atrium, cafeteria, and computer center.
      901 Peninsula Corporate Cir, Boca Raton, FL 33487
      View Details
    • $3,200 /Mo
      1 SF

      Commercial Space in Boca Raton

      Versatile commercial space suitable for medical, retail, or office use.
      5499 N Federal Hwy, Boca Raton, FL 33487
      View Details
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    6598 Federal Hwy
    Boca Raton, FL 33487-3157
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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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