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    Property profile & analytics

    950 Glades Rd Ste 3c Boca Raton, FL 33431-6401

    • Office buildings
    • 1,465 SF
    OFF-MARKET
    Last Sale
    Jun 25, 2020
    $500,000
    Value Estimations
    $615,000
    Show details
    Cap Rate Potential
    6.7%
    Office buildings
    Location Intelligence
    Property ID
    US18-3798429
    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

    • DR. Gregg Weinstein, DDS / Dental Implants Provider / Doctor
    • Dr. Patrick E. Rubsamen, MD / Ophthalmologist
    • Psych-Screen of Florida / Psychologist
    • Ryan Shields / Ophthalmologist / Health Care Facility
    • Dr. Steven A. Stein / Pain Management Physician / Pain Control Clinic

    Property Details for 950 Glades Rd Ste 3c

    Year built
    1985
    Construction
    CONCRETE BLOCKS
    Property size
    1,465 SF
    Property type
    Office buildings
    APN
    06-42-47-24-30-001-0033
    APU
    6424724300010033

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $620,000
      ML approach
      $550,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $690,000
      6.5%
      $635,000
      7%
      $590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $440,000
      Market price range: $197k - $750k

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

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1053
    Latitude
    26.3644
    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
    $7,855
    $0.00
    $430,711
    $430,711
    -
    $0.00
    $430,711
    $430,711

    Comparable in this City

    • Value Estimation
      $260,000
      78.21 Acres

      Boca Raton, FL 33431

      OFFICE BUILDING (MULTI-STORY) • 78.21 Acres
      Boca Raton, FL 33431
      View Details
    • Value Estimation
      $290,000
      3,170 SF

      4800 Federal Hwyd206

      OFFICE BUILDING • 3,170 SF
      4800 Federal Hwyd206, Boca Raton, FL 33431-5188
      View Details
    • Value Estimation
      $590,000
      23,707 SF

      2000 Corporate Blvd

      OFFICE BUILDING (MULTI-STORY) • 23,707 SF
      2000 Corporate Blvd, Boca Raton, FL 33431-7304
      View Details
    • Value Estimation
      $440,000
      1,750 SF

      2420 1st Ave

      OFFICE BUILDING (MULTI-STORY) • 1,750 SF
      2420 1st Ave, Boca Raton, FL 33431-6640
      View Details
    • Value Estimation
      $590,000
      8,387 SF

      3351 2nd Ave

      OFFICE BUILDING (MULTI-STORY) • 8,387 SF
      3351 2nd Ave, Boca Raton, FL 33431-6622
      View Details
    • Value Estimation
      $510,000
      11,760 SF

      2060 2nd Ave

      OFFICE BUILDING (MULTI-STORY) • 11,760 SF
      2060 2nd Ave, Boca Raton, FL 33431-6769
      View Details

    Similar Nearby for Sale

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      Boca Raton Medical Office Investment

      High-yield medical office, 100% occupied.
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    • $1,500,000
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      Boca Raton Medical Office Condo

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    • $1,249,000
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      Renovated Office Condo in Boca

      Class A office condo in prime Boca Raton location.
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    • New
      $1,175,000
      2,554 SF

      Boca Raton Medical Office Space

      2,554 SF medical office space in Boca Raton, Florida.
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    • Contact for pricing

      Vacant Land For Sale

      Vacant land available for sale.
      Other City - In The Sw Paradise Hts Rd, State Of Florida, FL 33431
      View Details
    • $35,000
      0.99 Acres

      Rainbow Lakes Estates Land

      One-acre lot near Rainbow River, ideal for single-family home.
      SW Ivy Pl, Dunnellon, FL 33431
      View Details

    Similar Nearby for Lease

    • $38 SF/Yr
      9,917 SF

      LEED Gold Certified Office Space

      Class A office building with covered parking in Boca Raton.
      1875 Corporate Blvd NW, Boca Raton, FL 33431
      View Details
    • $38 SF/Yr
      30,367 SF

      Boca Raton Office Building

      Three-story office building with fitness center and auditorium.
      1905 NW Corporate Blvd, Boca Raton, FL 33431
      View Details
    • $26 SF/Yr
      171,724 SF

      Class A Office Park Location

      Premier office space in Boca Raton with excellent regional access.
      999/1001 Yamato Rd, Boca Raton, FL 33431
      View Details
    • $6 SF/Yr
      27,090 SF

      Boca Raton Executive Suites

      Class A Office Space, Flexible Options
      2255 Glades Rd, Boca Raton, FL 33431
      View Details
    • $26 SF/Yr
      1,693 SF

      Boca Raton Office Space

      Office space available for lease in Boca Raton, Florida.
      4730 NW 2Nd Ave, Boca Raton, FL 33431
      View Details
    • $38 SF/Yr
      11,561 SF

      Boca Raton Executive Center Space

      Centrally located office space in Boca Raton available for lease.
      2385 NW Executive Center Dr, Boca Raton, FL 33431
      View Details
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    Boca Raton, FL 33431-6401
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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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