Property profile

701 Park Of Commerce Blvd Boca Raton, FL 33487

FOR LEASE
Other industrial properties
Property ID
US18-0081806
78,024 SF 5 ac lot Built 2001
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a remodeled flex facility that combines office space with climate-controlled warehouse space. Approximately 10% of the building area is finished as remodeled office, with room for additional office build-out. The climate-controlled warehouse portion is approximately 38,150 square feet and can be combined with an additional approximately 13,860 square feet to create a larger warehouse configuration. A bonus heavy-duty steel mezzanine of approximately 4,000 square feet is included. The building has a sprinkler system and approximately 27-foot clear ceiling heights, and is equipped for loading and receiving with three dock doors and one oversized ramp door. The facility provides direct access off I-95 and is configured to support a mix of industrial and office use, including a combined office-and-warehouse flex layout with the potential to expand the warehouse component using the additional area described.

Property profile

Verified
Property type Other 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

Current use

Occupant on record · Public records
  • Medical Clinic
  • Medical Clinic
  • Corporate Office
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store Pharmacy

Location

701 Park Of Commerce Blvd Boca Raton, FL 33487
Boca Raton metro Census 7012 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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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

since 2024
Last sale
$18.7M
4 recorded transactions
2024
$18.7M
2021
$10.5M
2007
$12.5M
1997
$800,000

Zoning & alternative use

LIRP · Boca Raton, FL
Zoning description

the LIRP zoning district was constructed shall not be rendered nonconforming as a result of not meeting interior side yard setbacks if subdivided pursuant to Section 26-31 , Code of Ordinances, provided that: (1) The lan…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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