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Property profile & analytics
OFF-MARKET
Estimated value
$33,410,000
Distribution centers
700 Banyan Trl, Boca Raton, FL 33431-5609
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2718058
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1968
Construction
CONCRETE
Total area
172,360 SF
Lot
10.89 ac (474,303 SF)
Zoning code
LIRP/M
APN
06-42-47-13-00-000-3050
UPID
US18-2718058
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
-
Best-way Residential Services Inc. Home Appliance Store
-
DMO6 - Amazon Boca Raton Courier Service Postal Service
-
mytravelpro Travel Agency
-
Amazon Locker - Rito Courier Service Postal Service
-
Here at Sparkly Cleaners Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$34.76M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$33.41M
Owner & transaction history
Bprep 700 Banyan Trail LLC · 6 yrs held
Bprep 700 Banyan Trail LLC
since 2020
Last sale
$31.4M
4 recorded transactions
Zoning & alternative use
LIRP/M · 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
Method
Estimation
Statistic approach
$36,075,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$37,660,000
6.5%
$34,760,000
7%
$32,280,000
Blend value · Realmo final
$33.41M
Range $30.07M – $36.75M · ±10% · vs last sale $31.40M (Feb 6 2020)
Last sale anchor
$31.40M
Feb 6 2020
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
$194 / 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
$554,608
Tax year 2023
Assessed value
$31,738,534
Assessed 2023
Previous assessed
$31,738,534
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$6,085,333
Assessed improvement
$25,653,201
Land market value
$6,085,333
Improvement market value
$25,653,201
Total market value
$31,738,534
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1968
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
172,360 SF
Lot
10.89 ac (474,303 SF)
Zoning code
LIRP/M
APN
06-42-47-13-00-000-3050
UPID
US18-2718058
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
LIRP/M · Boca Raton, FL
Zoning LIRP/M · permitted uses
LIRP/M · 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
1968
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
10.89 ac
Current owner
From public records · entity-resolved
Bprep 700 Banyan Trail LLC
Entity
Free & Clear · 6 yrs held
Mailing address
250 VESEY ST FL #15, NEW YORK, NY 10281-1065
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2020
—
Bprep 700 Banyan Trail LLC
—
Deed
related
$54,000,000 · Teachers Insurance And Annuity Associati
Feb 6, 2020
$31,400,000
Bprep 700 Banyan Trail LLC
Tsl Pinebrooke II LLC
Grant Deed
—
Mar 4, 2019
$2,628,450
Tsl Pinebrooke II LLC
Mountain High Holdings INC
Grant Deed
—
Sep 20, 2017
$12,000,000
Tsl Pinebrooke II LLC
Museum Center Corp
Grant Deed
$7,500,000 · Museum Center Corp
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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