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Property profile & analytics
FOR LEASE
Office buildings
950 Peninsula Corporate Cir Boca Raton, FL 33487
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-5202832
For Lease
1 / 2
$14,250,000
950 Peninsula Corporate Cir, Boca Raton, FL 33487
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2006
Construction
CONCRETE
Total area
47,532 SF
Lot
2.69 ac (117,185 SF)
Zoning code
M-3
APN
06-43-46-31-23-001-0030
UPID
US18-5202832
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
-
CertiPay Payroll Employment Agency Business Service Center
-
Body Contouring Co. Boca Raton & Palm Beach County Spa & Massage Center
-
Vapocoolshot Production Facility
-
Debra A. Stein, PhD Medical Clinic Physician
-
Angie Rosillo LHMC, CSAT-S, CFMHE, CHT Psychotherapist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.19M
Blend (final)
Blend
$14.25M
Owner & transaction history
Zachler 3 950 LLC · 1 yrs held
Zachler 3 950 LLC
since 2025
Last sale
$15.3M
7 recorded transactions
Zoning & alternative use
M-3 · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$23.5M
+53.0%
Retail stores
$19.0M
+23.5%
Neighborhood: shopping center
$18.8M
+22.4%
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
$12,810,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$15,350,000
Current use
AUTO REPAIR, GARAGE
$23,475,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$18,955,000
Change: +23% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$18,780,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$18,735,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$14.25M
Range $12.83M – $15.68M · ±10% · vs last sale $15.30M (Mar 25 2025)
Last sale anchor
$15.30M
Mar 25 2025
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
$300 / 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
$233,500
Tax year 2023
Assessed value
$13,113,185
Assessed 2023
Previous assessed
$12,511,086
+4.8% YoY
Effective rate
1.78%
On assessed value
Assessed land
$1,721,958
Assessed improvement
$11,391,227
Land market value
$1,721,958
Improvement market value
$11,391,227
Total market value
$13,113,185
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 Lease
Year built
2006
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
3
Total area
47,532 SF
Lot
2.69 ac (117,185 SF)
Zoning code
M-3
APN
06-43-46-31-23-001-0030
UPID
US18-5202832
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
M-3 · Boca Raton, FL
Zoning M-3 · permitted uses
M-3 · 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
$15.4M
AUTO REPAIR, GARAGE
Est. value
$23.5M
RETAIL STORES
Est. value
$19.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.8M
MEDICAL BUILDING
Est. value
$18.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
2006
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Lot
2.69 ac
Current owner
From public records · entity-resolved
Zachler 3 950 LLC
Entity
Mailing address
6820 LYONS TECHNOLOGY CIR STE #100, COCONUT CREEK, FL 33073-4325
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2025
$15,300,000
Zachler 3 950 LLC
Bref 950 LLC
Special Warranty Deed
—
Jan 23, 2020
$13,000,000
Bref 950 LLC
Darcy Realty LLC
Grant Deed
$8,850,000 · Miscellaneous Ins Co
May 25, 2018
—
Darcy Realty LLC
—
Deed
related
$6,713,000 · Popular Bk
Oct 31, 2017
$8,951,250
Darcy Realty LLC
Msci 2007-iq16 Complex 950 LLC
Grant Deed
—
May 2, 2017
$1,750,200
Msci 2007-iq16 Complex 950 LLC
Peninsula Corp Ltd Coc
Trustees Deed
—
Jan 5, 2004
$1,146,900
Peninsula Corporate Ltd
Tcr Peninsula Holdings LP
Grant Deed
related
—
Dec 29, 2003
$7,950,000
Sjc Investors LLC
Tcr Peninsula Holdings LP
Grant Deed
$10,965,000 · Suntrust Bank NA
Dec 29, 2003
$6,277,500
Carramerica Development INC
—
Grant Deed
related
—
—
—
Peninsula Corporate Ltd
—
Deed Of Trust
related
$7,800,000 · Key Bank & Trust
—
—
Peninsula Corporate Ltd
—
Deed Of Trust
related
$1,700,000 · Morgan Stanley Mtg Cap Holding
—
—
Darcy Realty LLC
—
Deed Of Trust
related
$6,713,000 · Popular 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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