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Property profile & analytics
OFF-MARKET
Estimated value
$6,310,000
Office buildings
8198 Jog Rd Boynton Beach, FL 33472-2900
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3991063
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1999
Construction
CONCRETE
Total area
27,248 SF
Lot
1.73 ac (75,411 SF)
Zoning code
RS
APN
00-42-45-15-13-002-0070
UPID
US18-3991063
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
-
Eng2 Hospital
-
Reflections Creative Therapies Group Family Counselor Psychotherapist
-
Reflections Creative Therapies Counselor
-
Barry S. Orlove, DC Alternative Medicine Practice
-
Healthy Core Physical Therapy & Wellness, LLC Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.63M
Blend (final)
Blend
$6.31M
Owner & transaction history
Indiantown Road LLC · 9 yrs held
Indiantown Road LLC
since 2016
4 recorded transactions
Zoning & alternative use
RS · Boynton Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.5M
+3.9%
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 Boynton Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boynton Beach 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,170,000
Current use
COMMERCIAL (GENERAL)
$9,525,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$6.31M
Range $5.68M – $6.94M · ±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
$232 / 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
$98,447
Tax year 2023
Assessed value
$5,846,816
Assessed 2023
Previous assessed
$5,479,333
+6.7% YoY
Effective rate
1.68%
On assessed value
Assessed land
$1,468,213
Assessed improvement
$4,378,603
Land market value
$1,468,213
Improvement market value
$4,378,603
Total market value
$5,846,816
Applied tax rate
203.0000
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
1999
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
27,248 SF
Lot
1.73 ac (75,411 SF)
Zoning code
RS
APN
00-42-45-15-13-002-0070
UPID
US18-3991063
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RS · Boynton Beach, FLZoning RS · permitted uses
RS · Boynton Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$9.2M
COMMERCIAL (GENERAL)
Est. value
$9.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1999
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.73 ac
Current owner
From public records · entity-resolved
Indiantown Road LLC
Entity
Mailing address
8660 COBBLESTONE PT CIR, BOYNTON BEACH, FL 33472-4434
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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 10, 2016
$6,000,000
Indiantown Road LLC
Nshe Antiock LLC
Grant Deed
$2,000,000 · Centerstate Bk/fl
Nov 9, 2006
$4,100,000
Nshe Antiock LLC
Lechalet I Investors Ltd
Grant Deed
—
Jul 8, 2003
$243,800
Fred Greene
Centex Homes
Grant Deed
$193,409 · Ing Bank Fsb
—
—
Nshe Antiock LLC
—
Deed Of Trust
related
$4,400,000 · Bank Of America
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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