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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7060 Palmetto Park Rd Boca Raton, FL 33433-3411

    • Community centers
    • 7,865 SF
    • 17.15 lot acres
    OFF-MARKET
    Last Sale
    May 06, 2025
    Value Estimations
    $2,315,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3085740
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • City National Bank - Presto vATM / Atm
    • Express Rооfеrs - Rооf Rераіr & Rерlасе Sеrvісе / Roofing Contractor / Corporate Office
    • Florida MV Express Kiosk / Department Of Motor Vehicles / Kiosk
    • Boca Lawn Care & Trees / Lawn Care Service
    • higi / Health Consultant

    Property Details for 7060 Palmetto Park Rd

    Year built
    2011
    Construction
    CONCRETE
    Lot size
    17.15 lot acres
    Property size
    7,865 SF
    Zone code
    CG
    Property type
    Community centers
    APN
    00-42-47-28-01-021-0010
    APU
    424728010210010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,525,000
      6.5%
      $2,330,000
      7%
      $2,165,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,105,000
      Current use
      RETAIL STORES
      $3,135,000
      Change: +1% Conversion: Easy
      MEDICAL BUILDING
      $3,100,000
      Change: -0% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.157
    Latitude
    26.3482
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $750,105
    $19,606,519
    $20,938,764
    $40,545,283
    -
    $19,606,519
    $20,938,764
    $40,545,283

    Comparable in this City

    • Value Estimation
      $6,470,000
      38,374 SF

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      MINI-MALL • 38,374 SF
      21302 Saint Andrews Blvd, Boca Raton, FL 33433-2450
      View Details
    • Value Estimation
      $14,930,000
      54,668 SF

      7024 Beracasa Way

      MINI-MALL • 54,668 SF
      7024 Beracasa Way, Boca Raton, FL 33433-3447
      View Details
    • Value Estimation
      $18,840,000
      37,871 SF

      21077 Powerline Rd

      MINI-MALL • 37,871 SF
      21077 Powerline Rd, Boca Raton, FL 33433-2308
      View Details
    • Value Estimation
      $7,260,000
      26,372 SF

      6885 18th St

      MINI-MALL • 26,372 SF
      6885 18th St, Boca Raton, FL 33433-7059
      View Details
    • Value Estimation by Request
      41,115 SF

      22191 Powerline Rd

      MINI-MALL • 41,115 SF
      22191 Powerline Rd, Boca Raton, FL 33433-5037
      View Details
    • Value Estimation by Request
      16,351 SF

      6063 18Th St

      Shopping centers • 16,351 SF
      6063 18Th St, Boca Raton, FL 33433
      View Details

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    • $10,487,804
      1,075 SF

      Boca Raton Retail Outparcel

      NNN investment opportunity in affluent Boca Raton location.
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      Boca Raton Shell Station - NNN Lease

      High-yield Shell station, 15+ year lease.
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    • $350,000

      Established Orthotics Business Opportunity

      Turnkey orthotics and footwear business in Boca Raton for sale.
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      Established Restaurant Business Opportunity

      Profitable restaurant for sale in prime Boca Raton location.
      7158 N Beracasa Way, Boca Raton, FL 33433
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    Similar Nearby for Lease

    • Contact for pricing
      956 SF

      Palm Beach County Retail Space

      Retail space available within a 187,000 square-foot shopping center.
      7035 Beracasa Way, Boca Raton, FL 33433
      View Details
    • Contact for pricing
      1,384 SF

      Retail Space in Boca Raton

      1,384 SF retail space for lease in Boca Raton.
      6065 SW 18Th St, Boca Raton, FL 33433
      View Details
    • Contact for pricing
      16,351 SF

      Boca Raton Medical Office Space

      Prime Medical Office Suites Available Now
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      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Boca Raton

      Retail space available in a high-density Florida community.
      22191 Powerline Rd, Boca Raton, FL 33433
      View Details
    • Contact for pricing
      2,380 SF

      Palm Beach County Retail Space

      Retail space available in Del Mar Village shopping center.
      7108-7166 Beracasa Way, Boca Raton, FL 33433
      View Details
    • Contact for pricing
      3,000 SF

      Turnkey Med Spa Space

      Class A Med Spa space available for rent.
      21065 Powerline Rd, Boca Raton, FL 33433
      View Details
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    Boca Raton, FL 33433-3411
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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