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Property profile & analytics
OFF-MARKET
Estimated value
$4,775,000
Medical Office Space
9250 Glades Rd Boca Raton, FL 33434-3958
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-3926570
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
WOOD
Total area
16,910 SF
Lot
1.54 ac (67,082 SF)
Zoning code
CS
APN
00-42-43-27-05-077-0991
UPID
US18-3926570
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
-
GAINSWave Boca Raton Medical Clinic
-
Martin D. Segel, Martin Physician Medical Clinic
-
Chiropractic Center Alternative Medicine Practice
-
Dr. Timothy Wong, MD - ENT and Allergy Associates of Florida Physician
-
Dr. Joshua P. Weiss, MD - ENT and Allergy Associates of Florida Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.37M
CAP Approach
CAP
$3.43M
Comparable Approach
Comparable
$5.38M
Blend (final)
Blend
$4.78M
Owner & transaction history
Beitwell Group LLC · 6 yrs held
Beitwell Group LLC
since 2020
Last sale
$4.6M
5 recorded transactions
Zoning & alternative use
CS · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Retail stores
$6.7M
+1.2%
Neighborhood: shopping center
$6.7M
+0.2%
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 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
$5,285,000
ML approach
$5,365,000
CAP Approach
CAP Return
Estimation
6%
$3,715,000
6.5%
$3,430,000
7%
$3,185,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,665,000
Current use
RETAIL STORES
$6,745,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,680,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$4.78M
Range $4.30M – $5.25M · ±10% · vs last sale $4.60M (Feb 5 2020)
Last sale anchor
$4.60M
Feb 5 2020
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
$282 / 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
$77,831
Tax year 2023
Assessed value
$4,526,674
Assessed 2023
Previous assessed
$4,392,767
+3.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$1,878,995
Assessed improvement
$2,647,679
Land market value
$1,878,995
Improvement market value
$2,647,679
Total market value
$4,526,674
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
32
Total area
16,910 SF
Lot
1.54 ac (67,082 SF)
Zoning code
CS
APN
00-42-43-27-05-077-0991
UPID
US18-3926570
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CS · Boca Raton, FLZoning CS · permitted uses
CS · Boca Raton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$6.7M
RETAIL STORES
Est. value
$6.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.7M
MEDICAL BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1985
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
32
Lot
1.54 ac
Current owner
From public records · entity-resolved
Beitwell Group LLC
Entity
Mailing address
318 W ADAMS ST #9009, CHICAGO, IL 60606-5111
Ownership since
2020
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
Feb 5, 2020
$4,600,000
Beitwell Group LLC
Gc Grmc LLC
Special Warranty Deed
$2,990,000 · Centerstate Bank NA
Jun 19, 2015
$4,100,000
Psl Grmc LLC
Hbj Holding Ltd
Warranty Deed
$500,000 · Cnlbank
Dec 12, 2008
—
Hbj Holding Ltd
Johnson,thelma L
Quit Claim Deed
related
—
Sep 19, 1997
$1,426,600
Thelma L Johnson
A & H Development Co
Grant Deed
—
—
—
Psl Grmc LLC
—
Loan Modification
related
$2,905,000 · Valley Nat'l Bk
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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