Property profile

7301 Federal Hwy Boca Raton, FL 33487

OFF-MARKET
Strip malls
Property ID
US18-2817597
28,669 SF 2.75 ac lot Built 1987
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 28,669 square foot retail shopping center and storefront, situated on 2.75 acres at 7301 N Federal Hwy in Boca Raton, Florida (33487), presents a compelling owner-user or redevelopment opportunity. Built in 1987, this single-story Class C property features multi-tenancy and is zoned R-B-1/B4—BUSINESS (06-BOCA RATON). The asking price is $12,000,000. Its prime location in the northeastern part of Boca Raton, less than a mile from Delray Beach, offers exceptional visibility on Federal Highway (US-1), boasting high traffic counts. The property is adjacent to Boca Valley Plaza, anchored by Publix and featuring various retail businesses. Its proximity to I-95, Downtown Boca Raton, Downtown Delray Beach, and numerous attractions including Mizner Park, the Boca Raton Museum of Art, and Gumbo Limbo Nature Center, enhances its appeal. Convenient access to Brightline's Boca Raton Station, Boca Raton Airport, Palm Beach International Airport, and the Port of Palm Beach further strengthens its strategic position. The property's flexible zoning allows for potential rezoning and redevelopment, making it suitable for profitable rental opportunities or the creation of high-end townhomes. The strong economic foundation and desirable demographics of Boca Raton contribute to the property's high potential. The APN is 06-43-46-32-12-005-0010.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Construction CONCRETE
Total area 28,669 SF
Lot 2.75 ac (119,960 SF)
Zoning code R-B-1/B4
APN 06-43-46-32-12-005-0010
UPID US18-2817597

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
  • Furniture & Home Goods Hardware & Home Improvement
  • Insurance Agency
  • Marketing & Advertising Advertising Agency
  • (Bike/Boat/Book/etc) Store Hardware & Home Improvement

Location

7301 Federal Hwy Boca Raton, FL 33487-1900
Boca Raton metro Census 7301 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$4.21M

Owner & transaction history

since 2018
3 recorded transactions
2018
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R-B-1/B4 · Boca Raton, FL

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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