Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,220,000
Community centers
9851 Military Trl Boynton Beach, FL 33436-3237
Entity Owned
27-yr Hold
Free & Clear
Property ID
US18-4890660
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1981
Construction
CONCRETE
Total area
21,828 SF
Lot
7.57 ac (329,688 SF)
Zoning code
AR
APN
00-42-45-23-05-000-0010
UPID
US18-4890660
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
-
Dr. Kurt Kull Physician
-
Captain's Catch Seafood Restaurant Restaurant
-
Pizza Hut Take-out & Catering
-
Ian S. Benison, D.C., P.A. Alternative Medicine Practice
-
Oxygenix Nail Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.22M
Owner & transaction history
Kir Boynton LP · 27 yrs held
Kir Boynton LP
since 1999
1 recorded transaction
Zoning & alternative use
AR · Boynton Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.8M
+2.5%
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 Boynton Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boynton Beach 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%
$7,005,000
6.5%
$6,465,000
7%
$6,005,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$8,625,000
Current use
RETAIL STORES
$8,840,000
Change: +3% · Conversion: Easy
MEDICAL BUILDING
$8,605,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,630,000
Change: -12% · Conversion: Easy
OFFICE BUILDING
$7,345,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$6.22M
Range $5.60M – $6.84M · ±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
$285 / 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
$176,810
Tax year 2023
Assessed value
$10,608,621
Assessed 2023
Previous assessed
$10,243,637
+3.6% YoY
Effective rate
1.67%
On assessed value
Assessed land
$5,663,271
Assessed improvement
$4,945,350
Land market value
$5,663,271
Improvement market value
$4,945,350
Total market value
$10,608,621
Applied tax rate
205.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1981
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
21,828 SF
Lot
7.57 ac (329,688 SF)
Zoning code
AR
APN
00-42-45-23-05-000-0010
UPID
US18-4890660
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
AR · Boynton Beach, FLZoning AR · permitted uses
AR · Boynton Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$8.6M
RETAIL STORES
Est. value
$8.8M
MEDICAL BUILDING
Est. value
$8.6M
COMMERCIAL (GENERAL)
Est. value
$7.6M
OFFICE BUILDING
Est. value
$7.3M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE 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
1981
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
7.57 ac
Current owner
From public records · entity-resolved
Kir Boynton LP
Entity
Free & Clear · 27 yrs held
Mailing address
PO BOX 5020, NEW HYDE PARK, NY 11042-0020
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 1999
$14,077,000
Kir Boynton LP
Boynton Partnership Ltd
Grant Deed
related
—
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?”
You own 9851 Military Trl?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
