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    Property profile & analytics

    880 13th St Boca Raton, FL 33486-2342

    • Medical Office Space
    • 27,086 SF
    • 1.77 lot acres
    OFF-MARKET
    Value Estimations
    $4,005,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3043297
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • iRISE Spine and Joint / Medical Clinic
    • Joseph Ouslander / Physician
    • Dr. Adrian Artiles / Physician
    • Dr. Neil Borja / Pediatrician / Physician
    • Dr. Bret Ribotsky / Physician

    Property Details for 880 13th St

    Year built
    1984
    Construction
    STEEL FRAME
    Lot size
    1.77 lot acres
    Property size
    27,086 SF
    Zone code
    MC
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    06-43-47-19-14-013-0140
    APU
    6434719140130140

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,950,000
      6.5%
      $5,490,000
      7%
      $5,100,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1034
    Latitude
    26.3608
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $129,693
    $2,022,116
    $5,034,604
    $7,056,720
    -
    $2,022,116
    $5,034,604
    $7,056,720

    Comparable in this City

    • Value Estimation
      $640,000
      4,200 SF

      950 13th St

      MEDICAL BUILDING • 4,200 SF
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      View Details
    • Value Estimation
      $1,520,000
      12,421 SF

      1001 13th St

      MEDICAL BUILDING • 12,421 SF
      1001 13th St, Boca Raton, FL 33486-2269
      View Details
    • Value Estimation
      $2,335,000
      4,632 SF

      998 9th Ct

      MEDICAL BUILDING • 4,632 SF
      998 9th Ct, Boca Raton, FL 33486-2214
      View Details
    • Value Estimation
      $6,340,000
      44,636 SF

      5458 Town Ctr Rd

      MEDICAL BUILDING • 44,636 SF
      5458 Town Ctr Rd, Boca Raton, FL 33486-1089
      View Details
    • Value Estimation by Request
      9,445 SF

      1401 9th Ave

      MEDICAL BUILDING • 9,445 SF
      1401 9th Ave, Boca Raton, FL 33486-1304
      View Details
    • Value Estimation
      $940,000
      5,140 SF

      901 Mdws Rd

      MEDICAL BUILDING • 5,140 SF
      901 Mdws Rd, Boca Raton, FL 33486-2300
      View Details

    Similar Nearby for Sale

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      1,287 SF

      Medical Office Near Boca Raton Hospital

      Fully built-out medical office in Community Medical Plaza.
      801 Meadows Rd, Boca Raton, FL 33486
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      2,922 SF

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      Medical complex with lush landscaping and abundant parking.
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    Similar Nearby for Lease

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    • Contact for pricing
      1,389 SF

      Boca Raton Medical Office Space

      Medical office space available for lease in Boca Raton, Florida.
      1001 NW 13Th St, Boca Raton, FL 33486
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    • Contact for pricing
      2,500 SF

      Boca Raton Office/Medical Suite

      First floor suite zoned for office or medical use.
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    • Contact for pricing
      24,840 SF

      Boca Raton Office Space

      Office space available for lease in Boca Raton, Florida.
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    • $55 SF/Yr
      13,041 SF

      Office Space For Lease

      Office space available for lease in Boca Raton, Florida.
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    • Contact for pricing
      17,143 SF

      Office Space For Lease

      Office space available for lease in Boca Raton, Florida.
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      View Details
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    880 13th St
    Boca Raton, FL 33486-2342
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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