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Property profile & analytics
OFF-MARKET
Estimated value
$14,210,000
Hotels
701 53rd St Boca Raton, FL 33487-8216
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-0930948
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1989
Construction
WOOD
Total area
83,697 SF
Lot
5.02 ac (218,466 SF)
Zoning code
LIRP
APN
06-43-47-06-06-001-0000
UPID
US18-0930948
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
-
ATM Atm
-
Holiday Inn & Suites Boca Raton - North, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$14.12M
CAP Approach
CAP
$11.63M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.21M
Owner & transaction history
Boca Hi Suites LLC · 4 yrs held
Boca Hi Suites LLC
since 2021
Last sale
$13.3M
7 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
Method
Estimation
Statistic approach
$18,780,000
ML approach
$14,120,000
CAP Approach
CAP Return
Estimation
6%
$12,595,000
6.5%
$11,625,000
7%
$10,795,000
Blend value · Realmo final
$14.21M
Range $12.79M – $15.63M · ±10% · vs last sale $13.27M (Jul 19 2021)
Last sale anchor
$13.27M
Jul 19 2021
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
$170 / 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
$283,358
Tax year 2023
Assessed value
$13,782,131
Assessed 2023
Previous assessed
$13,557,286
+1.7% YoY
Effective rate
2.06%
On assessed value
Assessed land
$6,282,000
Assessed improvement
$7,500,131
Land market value
$6,282,000
Improvement market value
$7,500,131
Total market value
$13,782,131
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
4
Units
180
Total area
83,697 SF
Lot
5.02 ac (218,466 SF)
Zoning code
LIRP
APN
06-43-47-06-06-001-0000
UPID
US18-0930948
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
1989
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
4
Buildings
2
Units
180
Lot
5.02 ac
Current owner
From public records · entity-resolved
Boca Hi Suites LLC
Entity
Mailing address
2385 NW EXECUTIVE CTR DR STE #240, BOCA RATON, FL 33431-8511
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2021
$13,268,000
Boca Hi Suites LLC
Fll Resorts LLC
Special Warranty Deed
$2,260,000 · Legacy Bank Of Florida
Jun 7, 2017
—
Fll Resorts LLC
—
Deed
related
$2,260,000 · Legacy Bk/fl
Dec 28, 2016
$14,075,000
Fll Resorts LLC
Boca Hotel Suites LLC
Grant Deed
$21,000,000 · Legacy Bk/fl
Dec 12, 2016
—
Boca Hotel Suites LLC
—
Deed
related
$18,525,000 · City Nat'l Bk/fl
Jun 5, 2014
$9,250,000
Boca Hotel Suites LLC
Yip Maria M
Grant Deed
$8,500,000 · Usameribank
—
—
Shubh Hotels Boca LLC
—
Deed Of Trust
related
$21,000,000 · Column Financial INC
—
—
Shubh Hotels Boca LLC
—
Deed Of Trust
related
$28,880,000 · Mutual Bank
—
—
Boca Hotel Suites LLC
—
Loan Modification
related
$18,525,000 · City Nat'l Bk/fl
—
—
Fll Resorts LLC
—
Loan Modification
related
$2,260,000 · Legacy Bk/fl
—
—
Shubh Hotels Boca LLC
—
Deed Of Trust
related
$3,000,000 · Broadway Bank
—
—
Shubh Hotels Boca LLC
—
Deed Of Trust
related
$3,200,000 · Broadway Bank
—
—
Shubh Hotels Boca LLC
—
Deed Of Trust
related
$6,500,000 · Jdi Linboca LP
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.
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