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Property profile & analytics
OFF-MARKET
Estimated value
$4,060,000
Retail space
8221 Glades Rd Boca Raton, FL 33434-4072
Entity Owned
26-yr Hold
~
Est. High Equity
Property ID
US18-2194793
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Construction
CONCRETE
Total area
21,402 SF
Lot
2.09 ac (91,197 SF)
Zoning code
CG
APN
00-42-43-27-05-076-0642
UPID
US18-2194793
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
-
Designs by Anthony Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Oliver's Gold Shop Inc (Bike/Boat/Book/etc) Store
-
Reliable Fine Jewelry Outlet (Bike/Boat/Book/etc) Store
-
Romance the Stones (Bike/Boat/Book/etc) Store
-
Wesley T Sheperd Fine Jewelry (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.57M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.06M
Owner & transaction history
Serinev Corp · 26 yrs held
Serinev Corp
since 2000
5 recorded transactions
Zoning & alternative use
CG · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The symbol city CG shall refer to the city CG commercial general district and shall be used to designate all land so zoned. (Ord. No. 5461, § 1, 10-23-18) Sec. 28-933. - Scope/adoption of regulations. Except as provided herein, all regulations set forth in the Palm Beach Unified Land Development Code (including Supplements 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, and…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
147.72 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
by Request
CAP Approach
CAP Return
Estimation
6%
$6,030,000
6.5%
$5,570,000
7%
$5,170,000
Blend value · Realmo final
$4.06M
Range $3.65M – $4.47M · ±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
$190 / 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
$90,878
Tax year 2023
Assessed value
$5,277,735
Assessed 2023
Previous assessed
$5,032,113
+4.9% YoY
Effective rate
1.72%
On assessed value
Assessed land
$2,541,660
Assessed improvement
$2,736,075
Land market value
$2,541,660
Improvement market value
$2,736,075
Total market value
$5,277,735
Applied tax rate
355.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
28
Total area
21,402 SF
Lot
2.09 ac (91,197 SF)
Zoning code
CG
APN
00-42-43-27-05-076-0642
UPID
US18-2194793
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · Boca Raton, FLZoning CG · permitted uses
CG · Boca Raton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The symbol city CG shall refer to the city CG commercial general district and shall be used to designate all land so zoned. (Ord. No. 5461, § 1, 10-23-18) Sec. 28-933. - Scope/adoption of regulations. Except as provided herein, all regulations set forth in the Palm Beach Unified Land Development Code (including Supplements 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, and 11, February 2002 Edition) in effect as of April 23, 2002, applicable to Palm Beach County's CG General Commercial zoning district ("ULDC") (including without limitation, development parameters and requirements, sign regulations, parking regulations, environmental regulations, and landscaping regulations) are incorporated herein and made a part hereof, shall constitute the regulations in this division, and shall apply in all city CG Commercial General districts; this incorporation of the ULDC is limited as follows: (i) no use shall be permitted unless specifically listed as a permitted or conditional use in
Zone name
General Commercial
General category
COMMERCIAL
Zone area
147.72 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
28
Lot
2.09 ac
Current owner
From public records · entity-resolved
Serinev Corp
Entity
Mailing address
8221 GLADES RD STE #101, BOCA RATON, FL 33434-4079
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2019
—
International Asset Hldgs LLC
—
Loan Modification
related
$8,000,000 · Centerstate Bk NA
Jun 22, 2017
—
International Asset Holdings L
—
Loan Modification
related
$6,503,508 · Banco Popular
Oct 15, 2009
—
International Asset Holdings L
—
Grant Deed
related
$7,050,000 · First Bk/fl
Jun 20, 2000
$6,000,000
Serinev Corp
Piccadilly Square Ltd
Grant Deed
$5,083,511 · Seller
—
—
Asset Holdings L International
—
Deed Of Trust
related
$550,000 · First 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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