Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7240 Federal Hwy Boca Raton, FL 33487-1606

    • Specialty properties
    • 9,210 SF
    • 1.45 lot acres
    OFF-MARKET
    Value Estimations
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3493996
    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

    • Guttermans Funeral Homes: Florida / Social Service Agency
    • Gutterman-Warheit Memorial Chapel / Social Service Agency

    Property Details for 7240 Federal Hwy

    Year built
    1984
    Construction
    CONCRETE
    Lot size
    1.45 lot acres
    Property size
    9,210 SF
    Zone code
    R-B-1
    Property type
    Specialty properties
    APN
    06-43-46-32-12-014-0010
    APU
    6434632120140010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $585,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $729,000
      Market price range: $480k - $730k

    • Alternative Use

      Use
      Estimation
      CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL)
      $595,000
      Current use
      RETAIL STORES
      $900,000
      Change: +51% Conversion: Difficult
      WAREHOUSE, STORAGE
      $830,000
      Change: +39% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $820,000
      Change: +38% Conversion: Difficult
      MEDICAL BUILDING
      $670,000
      Change: +13% 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
    -80.0752
    Latitude
    26.413
    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
    $48,973
    $1,896,450
    $933,551
    $2,830,001
    -
    $1,896,450
    $933,551
    $2,830,001

    Comparable in this City

    • Value Estimation by Request
      4,672 SF

      601 Clint Moore Rd

      CHARITABLE ORGANIZATION • 4,672 SF
      601 Clint Moore Rd, Boca Raton, FL 33487-1302
      View Details
    • Value Estimation
      $1,150,000
      8,596 SF

      5401 Dixie Hwy

      VETERINARY, ANIMAL HOSPITAL • 8,596 SF
      5401 Dixie Hwy, Boca Raton, FL 33487-4951
      View Details
    • Value Estimation
      $795,000
      9,705 SF

      6900 Congress Ave

      VETERINARY, ANIMAL HOSPITAL • 9,705 SF
      6900 Congress Ave, Boca Raton, FL 33487-1207
      View Details
    • Value Estimation by Request

      Congress Ave

      Specialty properties
      0 Congress Ave, Boca Raton, FL 33487
      View Details
    • Value Estimation
      $555,000
      6,206 SF

      6550 Broken Sound NW Pkwy

      DAY CARE, PRE-SCHOOL • 6,206 SF
      6550 Broken Sound NW Pkwy, Boca Raton, FL 33487-2744
      View Details
    • Value Estimation by Request
      9.39 Acres

      5891 Dixie Hwy

      CENTRALLY ASSESSED • 9.39 Acres
      5891 Dixie Hwy, Boca Raton, FL 33487
      View Details

    Similar Nearby for Sale

    • $5,950,000
      16,911 SF

      Boca Raton Industrial Warehouse

      16,911 SF Vacant Distribution Center
      6510 Rogers Cir, Boca Raton, FL 33487
      View Details
    • $545,000
      2,000 SF

      Flex Condo For Sale

      2,000 SF flex condo with office and warehouse space.
      6590 W Rogers Cir, Boca Raton, FL 33487
      View Details
    • $3,099,999

      Luxurious High-End Office Floor

      High-end office floor in East Boca Raton for sale.
      6751 403, Boca Raton, FL 33487
      View Details
    • $1,150,000

      Spacious Duplex Near US1

      Duplex featuring two units, close to beach, shopping, and dining.
      697 Ipswich St, Boca Raton, FL 33487
      View Details
    • $989,000
      2,421 SF

      Boca Raton Warehouse For Sale

      Warehouse in Rogers Circle Industrial Park, close to I-95.
      6530 W Rogers Cir, Boca Raton, FL 33487
      View Details
    • $449,000

      Oceanfront Coop in Highland Beach

      Charming 1-bedroom coop with ocean views and beach access.
      2711 S Ocean 0020 Blvd, Highland Beach, FL 33487
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      1,600 SF

      Prime Flex Space, Palm Beach

      1,600 SF Flex Warehouse, I-95 Access
      1140 Holland Dr, Boca Raton, FL 33487
      View Details
    • $288 SF/Yr
      16,562 SF

      Boca Raton Warehouse Space For Lease

      16,562 SF Industrial Warehouse, Boca Raton
      6451 Rogers Cir, Boca Raton, FL 33487
      View Details
    • $32 SF/Yr
      5,416 SF

      Class A Office Space Available

      Class A office building with abundant parking and modern amenities.
      750 Park Of Commerce Blvd, Boca Raton, FL 33487
      View Details
    • $23 SF/Yr
      3,108 SF

      Boca Raton Flex Space Available

      3,108 SF flex space with offices and loading dock.
      6450-6468 E Rogers Cir, Boca Raton, FL 33487
      View Details
    • $23 SF/Yr
      4,220 SF

      Boca Raton Warehouse For Rent

      4,220 SF warehouse with air-conditioned offices in Boca Raton.
      6350 E Rogers Cir, Boca Raton, FL 33487
      View Details
    • $25 SF/Yr
      5,981 SF

      Boca Raton Flex/Industrial Space

      Flex/industrial space available for lease in Boca Raton, Florida.
      6500 W Rogers Cir, Boca Raton, FL 33487
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7240 Federal Hwy
    Boca Raton, FL 33487-1606
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.