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Property profile & analytics
OFF-MARKET
Estimated value
$3,805,000
Strip malls
706 Boynton Bch Blvd 1 Boynton Beach, FL 33426-3649
Individually Owned
16-yr Hold
Free & Clear
Property ID
US18-5702954
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
STEEL FRAME
Total area
24,148 SF
Lot
2.31 ac (100,754 SF)
Zoning code
C2
APN
08-43-45-29-01-003-0030
UPID
US18-5702954
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
-
Howell Warren Cohen Physician
-
Stephanie Cortes Physician
-
Tax Resolution and Recovery Services Tax Preparation
-
Insured Choice of North America Insurance Agency
-
Pro Handyman Renovation Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.81M
Owner & transaction history
Stuart Armstrong · 16 yrs held
Stuart Armstrong
since 2009
6 recorded transactions
Zoning & alternative use
C2 · Boynton Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
AL ZONING DISTRICT - Whenever the words "commercial district" or "commercial zoning district" are used, they are construed to include any or all of the following zoning districts: C-1 office and professional commercial; C-2 neighborhood commercial; C-3 community commercial; C-4 general commercial; CBD central business district; and PCD planned commercial dev…
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
42.14 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$158 / 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
$106,364
Tax year 2023
Assessed value
$4,602,016
Assessed 2023
Previous assessed
$4,450,715
+3.4% YoY
Effective rate
2.31%
On assessed value
Assessed land
$1,682,625
Assessed improvement
$2,919,391
Land market value
$1,682,625
Improvement market value
$2,919,391
Total market value
$4,602,016
Applied tax rate
8,983.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
24,148 SF
Lot
2.31 ac (100,754 SF)
Zoning code
C2
APN
08-43-45-29-01-003-0030
UPID
US18-5702954
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C2 · Boynton Beach, FLZoning C2 · permitted uses
C2 · Boynton Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
AL ZONING DISTRICT - Whenever the words "commercial district" or "commercial zoning district" are used, they are construed to include any or all of the following zoning districts: C-1 office and professional commercial; C-2 neighborhood commercial; C-3 community commercial; C-4 general commercial; CBD central business district; and PCD planned commercial development. CODE 1958 - Any reference herein to "Code 1958" shall be construed to mea
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
42.14 ac
Building & site characteristics
From public records
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.31 ac
Current owner
From public records · entity-resolved
Stuart Armstrong
Individual
Free & Clear · 16 yrs held
Mailing address
PO BOX 813268, HOLLYWOOD, FL 33081-3268
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2018
—
Leonard Associates INC
—
Loan Modification
related
$7,790,000 · Terrabank NA
Mar 2, 2018
—
Leonard Associates INC
—
Deed
related
$8,225,134 · Terra Bk
Jun 17, 2014
—
Leonard Associates INC
—
Grant Deed
related
$15,580,000 · Terrabank NA
Aug 6, 2009
$3,000
Stuart Armstrong
Leonard Associates INC
Warranty Deed
—
Feb 25, 1997
$3,000,000
Chackman Motels INC
Marulli,alfred
Grant Deed
—
—
—
Leonard Associates INC
—
Loan Modification
related
$8,225,134 · Terra Bk
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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