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Property profile & analytics
FOR LEASE
Office buildings
7700 Congress Ave Boca Raton, FL 33487
Individually Owned
1-yr Hold
Free & Clear
Property ID
US18-2696733
For Lease
1 / 19
$36 SF/Yr
7700 Congress Ave, Boca Raton, FL 33487
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2001
Construction
CONCRETE
Total area
25,655 SF
Lot
6.03 ac (262,667 SF)
Zoning code
M-3/PID
APN
06-43-46-31-26-001-0000
UPID
US18-2696733
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
-
Micheline Hollaus Interiors, LLC Interior Design Home Decor Store
-
The Fast Home Buyers Real Estate Agency
-
Fisher Technology LLC (Bike/Boat/Book/etc) Store Corporate Office
-
Christiane Blanco-Oilar, PhD. Psychologist Psychotherapist
-
Strength to Strength | Psychotherapy Practice Psychotherapist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.16M
Comparable Approach
Comparable
$11.33M
Blend (final)
Blend
$10.43M
Owner & transaction history
Dena Thompson Mullen · 1 yrs held
Dena Thompson Mullen
since 2024
4 recorded transactions
Zoning & alternative use
M-3/PID · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.7M
+53.0%
Retail stores
$10.2M
+23.5%
Neighborhood: shopping center
$10.1M
+22.4%
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%
$12,090,000
6.5%
$11,160,000
7%
$10,360,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,285,000
Current use
AUTO REPAIR, GARAGE
$12,670,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$10,230,000
Change: +23% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$10,135,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$10,110,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$10.43M
Range $9.39M – $11.47M · ±10%
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
$407 / 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
$281,125
Tax year 2023
Assessed value
$15,250,000
Assessed 2023
Previous assessed
$13,500,000
+13.0% YoY
Effective rate
1.84%
On assessed value
Assessed improvement
$15,250,000
Improvement market value
$15,250,000
Total market value
$15,250,000
Applied tax rate
6,154.0000
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
For Lease
Year built
2001
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
25,655 SF
Lot
6.03 ac (262,667 SF)
Zoning code
M-3/PID
APN
06-43-46-31-26-001-0000
UPID
US18-2696733
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
M-3/PID · Boca Raton, FL
Zoning M-3/PID · permitted uses
M-3/PID · 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
$8.3M
AUTO REPAIR, GARAGE
Est. value
$12.7M
RETAIL STORES
Est. value
$10.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.1M
MEDICAL BUILDING
Est. value
$10.1M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
2001
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
6.03 ac
Current owner
From public records · entity-resolved
Dena Thompson Mullen
Individual
Free & Clear · 1 yrs held
Mailing address
7700 CONGRESS AVE STE #3100, BOCA RATON, FL 33487-1356
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Dec 26, 2024
—
Dena Thompson Mullen
Dena Thompson Mullen
Deed
related
—
Jul 19, 2024
—
Gary M Carter
Gary M Carter
Intrafamily Transfer
related
—
Jul 10, 2024
—
Susan Mordente
Susan Mordente
Intrafamily Transfer
related
—
Oct 16, 2013
—
7700 Congress Ltd
—
Trustees Deed
related
$8,625,000 · Rga Reinsurance Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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