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Property profile & analytics
FOR LEASE
Office buildings
980 N Federal Hwy Boca Raton, FL 33432
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US18-5276409
For Lease
1 / 2
$23,255,000
980 N Federal Hwy, Boca Raton, FL 33432
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1986
Construction
STEEL FRAME
Total area
99,983 SF
Lot
4.42 ac (192,535 SF)
Zoning code
B-4
APN
06-43-47-20-15-003-0021
UPID
US18-5276409
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
-
Siciliano Thomas V Law Firm
-
Third Wave Technology (Bike/Boat/Book/etc) Store Corporate Office
-
Necessity Funding Law Firm
-
10X Website Design Advertising Agency Marketing & Advertising
-
International Global Development General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.20M
Blend (final)
Blend
$23.26M
Owner & transaction history
Ccms 2005-cd1 980 Offices LLC · 14 yrs held
Ccms 2005-cd1 980 Offices LLC
since 2012
6 recorded transactions
Zoning & alternative use
B-4 · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
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
$36,250,000
Current use
Blend value · Realmo final
$23.26M
Range $20.93M – $25.58M · ±10%
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
$233 / 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
$465,975
Tax year 2023
Assessed value
$27,729,913
Assessed 2023
Previous assessed
$24,659,654
+12.5% YoY
Effective rate
1.68%
On assessed value
Assessed land
$7,756,852
Assessed improvement
$19,973,061
Land market value
$7,756,852
Improvement market value
$19,973,061
Total market value
$27,729,913
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
1986
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
4
Total area
99,983 SF
Lot
4.42 ac (192,535 SF)
Zoning code
B-4
APN
06-43-47-20-15-003-0021
UPID
US18-5276409
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-4 · Boca Raton, FL
Zoning B-4 · permitted uses
B-4 · 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
$36.3M
OFFICE BUILDING Current
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
1986
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
4
Buildings
2
Lot
4.42 ac
Current owner
From public records · entity-resolved
Ccms 2005-cd1 980 Offices LLC
Entity
Mailing address
980 N FEDERAL HWY STE #110, BOCA RATON, FL 33432-2704
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2012
$1,400,100
Ccms 2005-cd1 980 Offices LLC
980 North Federal LLC Coc
Trustees Deed
related
—
Apr 27, 2009
—
980 North Federal LLC
—
Trustees Deed
related
$18,644,902 · Bank/america Cd 2005-cd1 (tr)
Dec 4, 2006
—
City Of Boynton Beach
Boynton Dev Associates II LLC
Quit Claim Deed
related
—
Oct 16, 2006
—
City Of Boynton Beach
Compson Assocs Of Boynton II LLC
Grant Deed
related
—
Nov 2, 2005
$26,500,000
980 North Federal LLC
980 Associates LP
Warranty Deed
$18,750,000 · Deutsche Bank Mortgage Capital LLC
—
—
980 Associates LP
—
Deed Of Trust
related
$11,650,000 · Ubs Real Estate Investments
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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