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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Office buildings
99 Mizner Blvd CU2 Boca Raton, FL 33432-5022
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4255463
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
CONCRETE BLOCKS
Total area
4,123 SF
Lot
1 ac (43,560 SF)
APN
06-43-47-29-56-000-0020
UPID
US18-4255463
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
-
Alan H Lubitz Law Office Law Firm
-
Palmetto Realty Real Estate Agency
-
Health Insurance Boca Raton Insurance Agency
-
NuVision Developments LLC Construction Company General Contractor
-
Palmetto Place Condominium Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.80M
Comparable Approach
Comparable
$916k
Blend (final)
Blend
$1.30M
Owner & transaction history
99 Mizner Investments LLC · 7 yrs held
99 Mizner Investments LLC
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+36.2%
Retail stores
$1.6M
+10.0%
Neighborhood: shopping center
$1.6M
+9.0%
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%
$1,945,000
6.5%
$1,795,000
7%
$1,665,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,495,000
Current use
AUTO REPAIR, GARAGE
$2,035,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$1,645,000
Change: +10% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,630,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$1,625,000
Change: +9% · Conversion: Easy
WAREHOUSE, STORAGE
$1,410,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±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
$315 / 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
$28,671
Tax year 2023
Assessed value
$1,790,208
Assessed 2023
Previous assessed
$1,199,258
+49.3% YoY
Effective rate
1.60%
On assessed value
Assessed improvement
$1,790,208
Improvement market value
$1,790,208
Total market value
$1,790,208
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
Status
Off-Market
Year built
2003
Construction
CONCRETE BLOCKS
Heating
NONE
Total area
4,123 SF
Lot
1 ac (43,560 SF)
APN
06-43-47-29-56-000-0020
UPID
US18-4255463
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
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
OFFICE BUILDING Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RETAIL STORES
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.4M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2003
Construction
CONCRETE BLOCKS
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
99 Mizner Investments LLC
Entity
Free & Clear · 7 yrs held
Mailing address
215 N FEDERAL HWY STE #1, BOCA RATON, FL 33432-3928
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Oct 3, 2018
$100
99 Mizner Investments LLC
Batmasian,james H & Marta
Quit Claim Deed
related
—
Jan 22, 2013
—
James H Batmasian
—
Trustees Deed
related
$10,000,000 · Compass Bank
May 13, 2010
—
James H Batmasian
—
Deed Of Trust
related
$29,927,847 · Bankunited Fsb
Apr 29, 2005
—
James H Batmasian
Investment Ltd
Grant Deed
$9,552,000 · Bankunited Fsb
Jan 19, 2005
—
Palmetto Place Dev LLC
Greenwood Properties Corp
Quit Claim Deed
related
—
Jan 19, 2005
$2,450,000
Investment Ltd
Palmetto Place Dev LLC
Grant Deed
—
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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