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Property profile & analytics
OFF-MARKET
Estimated value
$18,695,000
Industrial properties
701 Park Of Commerce Blvd Boca Raton, FL 33487-3602
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-0081806
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2001
Construction
CONCRETE
Total area
78,024 SF
Lot
5 ac (217,791 SF)
Zoning code
LIRP
APN
06-43-47-06-03-003-0000
UPID
US18-0081806
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
-
24hr Virtual Doc Medical Clinic
-
GreenMedMD Medical Clinic
-
RedCon1 Corporate Office
-
C & C Cigars (Bike/Boat/Book/etc) Store
-
CortiSLIM (Bike/Boat/Book/etc) Store Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$18.70M
CAP Approach
CAP
$20.71M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.70M
Owner & transaction history
A And B Investments LP · 2 yrs held
A And B Investments LP
since 2024
Last sale
$18.7M
4 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
$18,695,000
ML approach
$18,695,000
CAP Approach
CAP Return
Estimation
6%
$22,430,000
6.5%
$20,705,000
7%
$19,225,000
Blend value · Realmo final
$18.70M
Range $16.83M – $20.56M · ±10% · vs last sale $18.70M (Jul 9 2024)
Last sale anchor
$18.70M
Jul 9 2024
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
$240 / 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
$281,795
Tax year 2023
Assessed value
$13,934,529
Assessed 2023
Previous assessed
$12,754,670
+9.3% YoY
Effective rate
2.02%
On assessed value
Assessed land
$2,332,563
Assessed improvement
$11,601,966
Land market value
$2,332,563
Improvement market value
$11,601,966
Total market value
$13,934,529
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
3
Total area
78,024 SF
Lot
5 ac (217,791 SF)
Zoning code
LIRP
APN
06-43-47-06-03-003-0000
UPID
US18-0081806
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
2001
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Lot
5 ac
Current owner
From public records · entity-resolved
A And B Investments LP
Entity
Mailing address
701 PARK OF COMMERCE BLVD, BOCA RATON, FL 33487-3602
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Jul 9, 2024
$18,695,000
A And B Investments LP
701 Rose LLC
Warranty Deed
$11,500,000 · Bmo Harris Bank NA
Jun 9, 2021
$10,500,000
701 Rose LLC
Commerce Realty Investments LLC
Special Warranty Deed
—
Jun 15, 2007
$12,500,000
Mobile Home Park Meadowbrook
6c Holding Corp
Grant Deed
—
Mar 17, 1997
$800,000
6c Holding Corp
Hmm Florida Investments INC
Grant Deed
—
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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