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Property profile & analytics
FOR LEASE
Grocery and convenience stores
6627 W Boynton Beach Blvd Boynton Beach, FL 33437
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3053554
For Lease
1 / 6
$15,545,000
6627 W Boynton Beach Blvd, Boynton Beach, FL 33437
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1995
Construction
CONCRETE
Total area
56,893 SF
Lot
13.27 ac (578,041 SF)
Zoning code
CG
APN
00-42-45-22-12-001-0000
UPID
US18-3053554
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
-
City National Bank - Presto ATM Bank Loan Service
-
Dallas Executive Headshots Photography Service (Bike/Boat/Book/etc) Store
-
Primo Water Refill & Exchange Big Box & Wholesale Store
-
Publix Pharmacy at Fountains of Boynton Pharmacy
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.80M
Comparable Approach
Comparable
$12.65M
Blend (final)
Blend
$15.55M
Owner & transaction history
G & I Ix Fountains Center LLC · 9 yrs held
G & I Ix Fountains Center LLC
since 2017
3 recorded transactions
Zoning & alternative use
CG · Boynton Beach, 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 Boynton Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boynton Beach 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,035,000
6.5%
$14,800,000
7%
$13,745,000
Alternative Use
Use
Estimation
RETAIL STORES
$23,045,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$22,475,000
Change: -2% · Conversion: Moderate
MEDICAL BUILDING
$22,425,000
Change: -3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$19,890,000
Change: -14% · Conversion: Easy
OFFICE BUILDING
$19,145,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$15.55M
Range $13.99M – $17.10M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$273 / 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
$578,339
Tax year 2023
Assessed value
$29,567,524
Assessed 2023
Previous assessed
$28,806,943
+2.6% YoY
Effective rate
1.96%
On assessed value
Assessed land
$15,183,053
Assessed improvement
$14,384,471
Land market value
$15,183,053
Improvement market value
$14,384,471
Total market value
$29,567,524
Applied tax rate
205.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1995
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
56,893 SF
Lot
13.27 ac (578,041 SF)
Zoning code
CG
APN
00-42-45-22-12-001-0000
UPID
US18-3053554
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · Boynton Beach, FLZoning CG · permitted uses
CG · Boynton Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$23.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$22.5M
MEDICAL BUILDING
Est. value
$22.4M
COMMERCIAL (GENERAL)
Est. value
$19.9M
OFFICE BUILDING
Est. value
$19.1M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
13.27 ac
Current owner
From public records · entity-resolved
G & I Ix Fountains Center LLC
Entity
Mailing address
925 4TH AVE STE #3900, SEATTLE, WA 98104-1113
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2018
—
G & I Ix Fountains Center LLC
—
Loan Modification
related
$6,500,000 · Pgim R/e Us Debt Fund Fnts Ser
Sep 19, 2017
—
G & I Ix Fountains Center LLC
—
Grant Deed
related
$38,987,703 · Pgim R/e Us Debt Fund Reit LLC
Jun 2, 2017
—
G & I Ix Fountains Center LLC
Fountains Of Boynton Assocs Ltd
Quit Claim 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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