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    7875 Glades Rd Boca Raton, FL 33434

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    7875 Glades Rd Boca Raton, FL 33434

    View on Map
    • Office buildings
    • 7,386 SF
    • 0.76 lot acres
    For Lease
    $3,955,000
    View Listing →
    Retail Space on Glades Road For Lease
    $3,955,000
    3,006 SF

    Retail Space on Glades Road

    Retail space for rent near Florida Atlantic University.

    7875 Glades Rd, Boca Raton, FL
    View Listing
    Property ID
    US18-0095323
    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.
    Value Estimations
    $3,955,000
    Cap Rate Potential
    6%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Curaleaf Boca Raton Glades / (Bike/Boat/Book/etc) Store

    Property Details for 7875 Glades Rd

    Year built
    1989
    Construction
    CONCRETE
    Lot size
    0.76 lot acres
    Property size
    7,386 SF
    Zone code
    CG
    Property type
    Office buildings
    APN
    00-42-47-16-14-003-0000
    APU
    424716140030000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,475,000
      ML approach
      $3,490,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,480,000
      6.5%
      $3,215,000
      7%
      $2,985,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,276,000
      Market price range: $2.02M - $12.8M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,990,000
      Current use
      RESTAURANT
      $5,100,000
      Change: -15% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $5,065,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1684
    Latitude
    26.3686
    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
    $40,237
    $1,045,692
    $768,356
    $1,814,048
    -
    $1,045,692
    $768,356
    $1,814,048

    Comparable in this City

    • Value Estimation by Request
      96,286 SF

      7900 Glades Rd

      OFFICE BUILDING (MULTI-STORY) • 96,286 SF
      7900 Glades Rd, Boca Raton, FL 33434-4167
      View Details
    • Value Estimation
      $2,360,000
      8,054 SF

      7763 Glades Rd

      OFFICE BUILDING (MULTI-STORY) • 8,054 SF
      7763 Glades Rd, Boca Raton, FL 33434-4111
      View Details
    • Value Estimation
      $26,285,000
      73,427 SF

      7777 Glades Rd

      OFFICE BUILDING (MULTI-STORY) • 73,427 SF
      7777 Glades Rd, Boca Raton, FL 33434-4194
      View Details
    • Value Estimation
      $6,515,000
      24,269 SF

      19146 Lyons Rd

      OFFICE BUILDING (MULTI-STORY) • 24,269 SF
      19146 Lyons Rd, Boca Raton, FL 33434-5536
      View Details
    • Value Estimation
      $14,115,000
      32,353 SF

      7941 Glades Rd

      OFFICE BUILDING (MULTI-STORY) • 32,353 SF
      7941 Glades Rd, Boca Raton, FL 33434-4115
      View Details
    • Value Estimation
      $1,995,000
      4,560 SF

      9912 Glades Rd

      OFFICE BUILDING (MULTI-STORY) • 4,560 SF
      9912 Glades Rd, Boca Raton, FL 33434-3919
      View Details

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      0.24 Acres

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    Similar Nearby for Lease

    • $50 SF/Yr
      628 SF

      Office Space For Lease

      Office space available for lease in Boca Raton, Florida.
      7777 Glades Rd, Boca Raton, FL 33434
      View Details
    • Contact for pricing
      2,000 SF

      Office Space For Rent

      Office space available for lease in Boca Raton, Florida.
      9033 Glades Rd, Boca Raton, FL 33434
      View Details
    • Contact for pricing

      Retail, Restaurant & Medical Spaces

      Located in the heart of Boca Raton, near affluent communities.
      9070 Kimberly Blvd, Boca Raton, FL 33434
      View Details
    • Contact for pricing
      3,161 SF

      Retail Space in Boca Raton

      Retail space for lease in prime Boca Raton location.
      7800 Glades Rd, Boca Raton, FL 33434
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space on Glades Road

      Retail space available for lease in Boca Raton, Florida.
      8095-8177 Glades Rd, Boca Raton, FL 33434
      View Details
    • Contact for pricing
      3,629 SF

      Retail Space in Boca Raton

      Retail space available in a busy Boca Raton shopping center.
      3013 W Yamato Rd, Boca Raton, FL 33434
      View Details
    View Listing
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    Boca Raton, FL 33434
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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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