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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Theaters & concert halls
7901 Federal Hwy Boca Raton, FL 33487-1619
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-1951937
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
2007
Construction
STEEL FRAME
Total area
29,758 SF
Lot
1.5 ac (65,540 SF)
Zoning code
VC
APN
06-43-46-32-12-009-0110
UPID
US18-1951937
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
-
Tavern at the Wick Grocery & Convenience Store Food Market
-
Count De Hoernle Theatre Hotel & Motel Resort
-
The Wick Theatre & Museum Club Performing Arts Theater Restaurant
-
The Wick Theatre and Costume Museum Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$545k
Blend (final)
Blend
$590k
Owner & transaction history
Costume World INC · 2 yrs held
Costume World INC
since 2023
7 recorded transactions
Zoning & alternative use
VC · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
DIVISION 6. - VC VILLAGE CENTER DISTRICT Sec. 28-1239. - Symbol. The symbol VC shall refer to the village center district and shall be used to designate all land so zoned. (Ord. No. 4908, § 1, 2-28-06) Sec. 28-1240. - Purpose. The purpose of the VC district is to implement the planned mobility future land use designation and to allow the development of porti…
Zone name
Village Center
General category
UNKNOWN
Zone area
18.96 ac
Source
code of ordinances
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
$640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
THEATER (MOVIE)
$665,000
Current use
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$20 / 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
$126,927
Tax year 2023
Assessed value
$6,750,792
Assessed 2023
Previous assessed
$6,489,054
+4.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$1,965,960
Assessed improvement
$4,784,832
Land market value
$1,965,960
Improvement market value
$4,784,832
Total market value
$6,750,792
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
29,758 SF
Lot
1.5 ac (65,540 SF)
Zoning code
VC
APN
06-43-46-32-12-009-0110
UPID
US18-1951937
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
VC · Boca Raton, FLZoning VC · permitted uses
VC · Boca Raton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
DIVISION 6. - VC VILLAGE CENTER DISTRICT Sec. 28-1239. - Symbol. The symbol VC shall refer to the village center district and shall be used to designate all land so zoned. (Ord. No. 4908, § 1, 2-28-06) Sec. 28-1240. - Purpose. The purpose of the VC district is to implement the planned mobility future land use designation and to allow the development of portions of the North Federal Highway Corridor pursuant to the city's comprehensive plan. (Ord. No. 4908, § 1, 2-28-06; Ord. No. 5169, § 1, 6-7-11)
Zone name
Village Center
General category
UNKNOWN
Zone area
18.96 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
THEATER (MOVIE) Current
Est. value
$665,000
THEATER (MOVIE) Current
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
2007
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Costume World INC
Entity
Mailing address
2313 NW 30TH PL, POMPANO BEACH, FL 33069-0701
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2023
$5,184,000
Costume World INC
The Wick Theatre & Costume Museum I
Warranty Deed
related
$6,000,000 · Optimumbank
Dec 31, 2018
$4,802,766
Wick Theatre & Costume Museum
Costume World INC
Warranty Deed
—
May 3, 2016
$5,200,000
Costume World INC
Legacy Bk Of Fl
Grant Deed
$5,000,000 · Newtek Small Busn Fin
Dec 5, 2012
$1,000,100
Legacy Bk Of Fl
Caldwell Theatre Co In Coc
Trustees Deed
related
—
Jul 6, 2006
$1,000,000
Caldwell Theatre Co INC
Boca Fed Holdings LLC
Grant Deed
—
—
—
Caldwell Theatre Co INC
—
Deed Of Trust
related
$2,875,000 · Legacy Bank Florida
—
—
Caldwell Theatre Co INC
—
Deed Of Trust
related
$50,000 · Legacy Bank Florida
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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