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Property profile & analytics
OFF-MARKET
Estimated value
$3,560,000
Drug stores
8200 Royal Palm Blvd Coral Springs, FL 33065-5714
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-3737875
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2005
Construction
CONCRETE
Total area
14,784 SF
Lot
1.52 ac (66,208 SF)
Zoning code
B-2
APN
48-41-27-11-0020
UPID
US18-3737875
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.56M
Owner & transaction history
Boinis Associates Ltd · 9 yrs held
Boinis Associates Ltd
since 2016
3 recorded transactions
Zoning & alternative use
B-2 · Coral Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.2M
+17.7%
Warehouse, storage
$4.5M
+2.2%
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 Coral Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coral Springs 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
RETAIL STORES
$4,410,000
Current use
MEDICAL BUILDING
$5,190,000
Change: +18% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,505,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$3.56M
Range $3.20M – $3.92M · ±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
$241 / 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
$91,930
Tax year 2023
Assessed value
$4,196,670
Assessed 2023
Previous assessed
$3,963,090
+5.9% YoY
Effective rate
2.19%
On assessed value
Assessed land
$1,671,750
Assessed improvement
$2,524,920
Land market value
$1,671,750
Improvement market value
$2,524,920
Total market value
$4,196,670
Applied tax rate
2,812.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
14,784 SF
Lot
1.52 ac (66,208 SF)
Zoning code
B-2
APN
48-41-27-11-0020
UPID
US18-3737875
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Coral Springs, FL
Zoning B-2 · permitted uses
B-2 · Coral Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coral Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$5.2M
WAREHOUSE, STORAGE
Est. value
$4.5M
RETAIL STORES Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2005
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
1.52 ac
Current owner
From public records · entity-resolved
Boinis Associates Ltd
Entity
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2016
—
Boinis Associates Ltd
—
Deed
related
$13,647,165 · Goldman-sachs Mtg
May 23, 2005
—
Boinis Associates Ltd
—
Trustees Deed
related
$750,000 · Marianne Spector
—
—
Boinis Associates Ltd
—
Loan Modification
related
$13,647,165 · Goldman-sachs Mtg
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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