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Property profile & analytics
OFF-MARKET
Estimated value
$9,925,000
Office buildings
8200 Jog Rd Boynton Beach, FL 33472-2981
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3994792
Property summary
AI-generated overview
This exceptional medical office space, located within the Aberdeen II building at 8200 Jog Rd, Boynton Beach, FL 33472, offers a single, immediately available suite totaling 2,115 square feet. Ideally situated in Palm Beach County, this property benefits from a highly convenient location between Florida's Turnpike and I-95, ensuring excellent accessibility for both patients and staff. The suite is perfect for a variety of medical or professional practices. The space is currently vacant and ready for immediate occupancy. Lease rates are competitive, and tenant improvement allowances are available to customize the space to meet specific needs. The strong local demographics, coupled with the proximity to Bethesda Hospital West, create a high demand for healthcare services in this area, making this an excellent opportunity for a thriving practice. The minimum divisible space is 2,115 square feet, and the maximum contiguous space is also 2,115 square feet. This presents a unique opportunity for a single tenant to occupy the entire available space. The property is classified as an office building with a medical office subtype and features multiple tenancies.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1997
Construction
CONCRETE
Total area
27,248 SF
Lot
2.47 ac (107,785 SF)
Zoning code
RS
APN
00-42-45-15-13-002-0020
UPID
US18-3994792
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
-
Dr. Shital R. Patel, MD Physician
-
Bethesda Medical Associates Medical Clinic
-
Dr. Timothy C. Bell, MD Pediatrician Medical Clinic
-
Dr. Cheryl E. Wayne, MD Physician
-
Delray Medical Center Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.85M
Comparable Approach
Comparable
$9.19M
Blend (final)
Blend
$9.93M
Owner & transaction history
8200 Jog Rd LLC · 5 yrs held
8200 Jog Rd LLC
since 2020
Last sale
$8.3M
4 recorded transactions
Zoning & alternative use
RS · Boynton Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.5M
+46.8%
Retail stores
$11.0M
+20.3%
Neighborhood: shopping center
$10.8M
+17.4%
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 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
$13,425,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,840,000
6.5%
$11,850,000
7%
$11,005,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,170,000
Current use
AUTO REPAIR, GARAGE
$13,460,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$11,035,000
Change: +20% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$10,765,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$10,740,000
Change: +17% · Conversion: Easy
COMMERCIAL (GENERAL)
$9,525,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$9.93M
Range $8.93M – $10.92M · ±10% · vs last sale $8.31M (Dec 15 2020)
Last sale anchor
$8.31M
Dec 15 2020
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
$364 / 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
$104,844
Tax year 2023
Assessed value
$6,228,317
Assessed 2023
Previous assessed
$5,839,823
+6.7% YoY
Effective rate
1.68%
On assessed value
Assessed land
$1,800,043
Assessed improvement
$4,428,274
Land market value
$1,800,043
Improvement market value
$4,428,274
Total market value
$6,228,317
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
1997
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
27,248 SF
Lot
2.47 ac (107,785 SF)
Zoning code
RS
APN
00-42-45-15-13-002-0020
UPID
US18-3994792
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
AUTO REPAIR, GARAGE
Est. value
$13.5M
RETAIL STORES
Est. value
$11.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.8M
MEDICAL BUILDING
Est. value
$10.7M
COMMERCIAL (GENERAL)
Est. value
$9.5M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1997
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
2.47 ac
Current owner
From public records · entity-resolved
8200 Jog Rd LLC
Entity
Mailing address
4500 DORR ST, TOLEDO, OH 43615-4040
Ownership since
2020
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 15, 2020
$8,308,625
8200 Jog Rd LLC
Welltower Om Group LLC
Special Warranty Deed
$333,836,249 · Morgan Stanley Mortgage Capital Hol
Nov 30, 2005
$8,122,619
Windrose Aberdeen II Properties LLC
Aberdeen II Holding LLC
Special Warranty Deed
—
Mar 20, 2000
$4,248,300
Medical Office Portfolio Prope
T & F Properties LP
Grant Deed
—
Feb 13, 1998
$4,715,800
T LP
Aberdeen I Investors Ltd
Grant Deed
—
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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