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Property profile & analytics
OFF-MARKET
Estimated value
$29,015,000
Office buildings
7301 Palmetto Park Rd Ste 101a Boca Raton, FL 33433-3455
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-3677762
Property summary
AI-generated overview
This exceptional two-story, 63,784-square-foot Class B office building, located in Boca Raton West at 7301 W Palmetto Park Rd, Boca Raton, FL 33433, offers a diverse range of office spaces ideal for medical, executive, or traditional office uses. Built in 1985 and extensively renovated in 2024, the property boasts a convenient location between I-95 and Florida's Turnpike, providing easy access for employees and clients. The building features a generous 4.4/1,000 parking ratio, ensuring ample parking for tenants and visitors. Currently, the building houses a mix of tenants, including Baptist/Boca Raton Regional Hospital and numerous medical professionals, demonstrating its strong appeal within the medical community. Four suites are currently available, ranging from 997 to 1,763 square feet. The lease rate is $27.00 NNN, with operating expenses of $14.25. Electric is separately metered, and tenants have individual air conditioning control. Common area renovations are currently underway, and on-site property management ensures smooth operations. This property presents a compelling investment opportunity in a thriving Boca Raton submarket. Palm Beach County location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1982
Construction
CONCRETE
Total area
50,929 SF
Lot
4.44 ac (193,367 SF)
Zoning code
CG
APN
00-42-47-21-14-000-0010
UPID
US18-3677762
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
-
Scott Hirsch Law Group Law Firm
-
Smartyperks (Bike/Boat/Book/etc) Store Corporate Office
-
Glickman Steven E DDS Dental Office
-
Dr. Benejam Physician Medical Clinic
-
Janice L. Jacobs, PHD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$22.15M
Comparable Approach
Comparable
$26.71M
Blend (final)
Blend
$29.02M
Owner & transaction history
Ag Cw Del Mar Mob Owner LLC
Ag Cw Del Mar Mob Owner LLC
since 2025
Last sale
$33.6M
4 recorded transactions
Zoning & alternative use
CG · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Boca Raton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boca Raton 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$24,000,000
6.5%
$22,150,000
7%
$20,570,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$41,305,000
Current use
RESTAURANT
$35,150,000
Change: -15% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$34,915,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$29.02M
Range $26.11M – $31.92M · ±10% · vs last sale $33.60M (May 29 2025)
Last sale anchor
$33.60M
May 29 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$570 / 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
$157,452
Tax year 2023
Assessed value
$9,184,072
Assessed 2023
Previous assessed
$9,184,072
+0.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$3,594,674
Assessed improvement
$5,589,398
Land market value
$3,594,674
Improvement market value
$5,589,398
Total market value
$9,184,072
Applied tax rate
164.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1982
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
50,929 SF
Lot
4.44 ac (193,367 SF)
Zoning code
CG
APN
00-42-47-21-14-000-0010
UPID
US18-3677762
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · Boca Raton, FL
Zoning CG · permitted uses
CG · Boca Raton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boca Raton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$41.3M
RESTAURANT
Est. value
$35.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$34.9M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
4.44 ac
Current owner
From public records · entity-resolved
Ag Cw Del Mar Mob Owner LLC
Entity
Mailing address
225 NE MIZNER BLVD STE #400, BOCA RATON, FL 33432-4092
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2025
$33,600,000
Ag Cw Del Mar Mob Owner LLC
Asf Ip Del Mar LLC
Special Warranty Deed
$23,175,000 · First Citizens Bank & Trust Co
Jun 9, 2021
$18,000,000
Asf Ip Del Mar LLC
Rimar Properties At Del Mar LLC
Special Warranty Deed
$17,100,000 · Bankunited NA
—
—
Rimar Properties Of Del Ma LLC
—
Deed Of Trust
related
$258,965 · Royal Bank Scotland Plc
—
—
Leonard Jacobs Dds Pa
—
Deed Of Trust
related
$178,756 · Reginald H Cardozo Dds Pa
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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