Back to Search
Property profile & analytics
FOR SALE
Office buildings
851 Broken Sound Pkwy NW Boca Raton, FL 33487
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4327633
For Sale
1 / 3
$16,500,000
851 Broken Sound Pkwy NW, Boca Raton, FL 33487
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1987
Construction
CONCRETE
Total area
59,332 SF
Lot
5 ac (217,791 SF)
Zoning code
LIRP
APN
06-42-47-01-06-019-0000
UPID
US18-4327633
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
-
Magill Joan T PsyD Physician Medical Clinic
-
Mutual of Omaha® Advisors - Southern Florida & Caribbean - Boca Raton Insurance Agency
-
Mutual of Omaha Insurance Advisor - Logan Laatsch Insurance Agency
-
Mccann and Mckenzie Law Firm
-
Green Leaf NON-GMO Certification Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.73M
Blend (final)
Blend
$13.72M
Owner & transaction history
Gabriel Christian LLC · 4 yrs held
Gabriel Christian LLC
since 2022
Last sale
$13.8M
6 recorded transactions
Zoning & alternative use
LIRP · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$12,530,000
ML approach
$10,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$19,160,000
Current use
Blend value · Realmo final
$13.72M
Range $12.34M – $15.09M · ±10% · vs last sale $13.80M (Jun 9 2022)
Last sale anchor
$13.80M
Jun 9 2022
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
$231 / 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
$220,473
Tax year 2023
Assessed value
$11,192,889
Assessed 2023
Previous assessed
$10,433,478
+7.3% YoY
Effective rate
1.97%
On assessed value
Assessed land
$2,999,010
Assessed improvement
$8,193,879
Land market value
$2,999,010
Improvement market value
$8,193,879
Total market value
$11,192,889
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Sale
Year built
1987
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
59,332 SF
Lot
5 ac (217,791 SF)
Zoning code
LIRP
APN
06-42-47-01-06-019-0000
UPID
US18-4327633
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
LIRP · Boca Raton, FL
Zoning LIRP · permitted uses
LIRP · Boca Raton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boca Raton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$19.2M
OFFICE BUILDING 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
1987
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
5 ac
Current owner
From public records · entity-resolved
Gabriel Christian LLC
Entity
Mailing address
200 SHEFFIELD ST STE #305, MOUNTAINSIDE, NJ 07092-2315
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2022
$13,800,000
Gabriel Christian LLC
Bref 851 LLC
Special Warranty Deed
$10,425,000 · Optimumbank
Mar 22, 2018
—
Bref 851 LLC
—
Deed
related
$7,500,000 · Northern Tr
May 3, 2016
$6,125,000
Bref 851 LLC
Rexall Sundown INC
Grant Deed
$4,593,750 · Northern Tr
Mar 29, 2011
—
Rexall Sundown INC
—
Deed Of Trust
related
$5,550,000 · Barclays Bank Plc
Jul 24, 2003
—
Rexall Sundown INC
Rs Oldco INC
Grant Deed
related
—
—
—
Bref 851 LLC
—
Loan Modification
related
$7,500,000 · Northern Tr
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
