8903 Glades Rd Boca Raton, FL 33434
Property Lookup
Property profile & analytics
8903 Glades Rd Boca Raton, FL 33434
- Community centers
- 61,019 SF
- 17.79 lot acres
Property ID
US18-4550849
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.
Location Intelligence
Current Use by Public Records
- Peter S. Wohlgemuth DMD, PA / Dental Office
- Sure Smile / Dental Office
- Dr. Ben Galin, DPT / Medical Clinic
- Jordan Seth Moseson, DO / Physician
- Accident Doctor Group / Physical Therapist / Physical Therapy Clinic
Property Details for 8903 Glades Rd
- Year built
- 1987
- Construction
- CONCRETE
- Lot size
- 17.79 lot acres
- Property size
- 61,019 SF
- Zone code
- CG
- Property type
- Community centers
- Property subtype
- Shopping centers
- APN
- 00-42-43-27-05-076-0492
- APU
- 424327050760492
Description
Somerset Shoppes, a Class B retail center in Boca Raton, Florida, offers 187,650 square feet of space across seven single-story buildings situated on 17.78 acres. This multi-tenant property is located at the northeast corner of Glades Road and Lyons Road, a high-traffic area within a densely populated region experiencing significant new retail development. The center boasts a diverse tenant mix, including established national brands such as Michael's, TJ Maxx, Saks Off 5th, Lenscrafters, Men's Warehouse, Orange Theory Fitness, Jersey Mike's Subs, Jenny Craig, Vitamin Shoppe, and Chase. Units are available from a minimum of 900 square feet, with 6,354 square feet currently vacant. The property was originally built in 1987 and underwent renovations in 2024, enhancing its curb appeal and functionality. The center is zoned for commercial use and features no elevators. This presents a unique opportunity to invest in a well-located, established retail center with strong co-tenancy and significant upside potential in a thriving Boca Raton market. The property's prominent location and recent upgrades make it an attractive option for a variety of retail businesses.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $19,580,000
- 6.5%
- $18,070,000
- 7%
- $16,780,000
-
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $24,105,000 Current use
- RETAIL STORES
- $24,330,000 Change: +1% Conversion: Easy
- MEDICAL BUILDING
- $24,050,000 Change: -0% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Boca Raton
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.1848
- Latitude
- 26.3693
- 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
$758,527
$21,595,014
$22,595,007
$44,190,021
-
$21,595,014
$22,595,007
$44,190,021
