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    9964 Sandalfoot Blvd Boca Raton, FL 33428-6647
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    Property profile & analytics

    9964 Sandalfoot Blvd, Boca Raton, FL 33428-6647

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    • Turn key restaurants
    • 1,780 SF
    • 0.19 lot acres
    Off-Market
    Property ID
    US18-9442404
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • El Balcón de las Américas - Boca Raton - Sandalfoot Blvd / Restaurant

    Property Details for 9964 Sandalfoot Blvd

    Year built
    1982
    Construction
    WOOD
    Lot size
    0.19 lot acres
    Zone code
    CG
    Property type
    Turn key restaurants
    APN
    00-42-43-27-05-081-0992
    APU
    424327050810992

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 24, 2015 — Antonio Props Holdings LLC Antonio Properties INC Quit Claim Deed · related —
    Nov 18, 2014 $490,000 Antonio Properties INC Ethan Hugh Ent LLC Grant Deed —
    Jul 25, 2008 $418,000 Ethan Hugh Ent LLC Nguyen,trang T Warranty Deed $426k · Landmark Bank
    Nov 20, 2006 $655,000 Trang T Nguyen Jj & B Realty LLC Warranty Deed $426k · Landmark Bank
    Nov 19, 2001 $299,000 Jj & B Realty LLC Taines,dalia Grant Deed —
    — — Jj & B Realty LLC — Deed Of Trust · related $270k · Metwest Commercial Lender
    — — Ethan Hugh Ents LLC — Deed Of Trust · related $426k · Landmark Bank

    Description

    This 1,780-square-foot restaurant space, located at 9964 Sandalfoot Boulevard in Boca Raton, Florida (zip code 33428), presents a turnkey opportunity for restaurateurs. Situated at the high-traffic intersection of Sandalfoot Boulevard and US 441 (55,000 AADT), this property boasts excellent visibility and convenient access. The building features a fully equipped kitchen and dining area with a capacity for 49 indoor and 15 outdoor diners, plus an upgraded grease trap. An additional approximately 290 square feet of outdoor seating is available. This second-generation restaurant benefits from ample parking, attracting both dine-in and take-out customers. The location is surrounded by a dense concentration of residential communities, retail stores, and professional offices, ensuring a robust customer base within an affluent area known for its vibrant dining scene. The versatile layout is suitable for various restaurant concepts, from casual dining to upscale establishments. This prime location in Palm Beach County offers strong demographics and high daily vehicle traffic, making it an exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.2024
    Latitude
    26.3356
    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
    $10,468
    $356,120
    $176,670
    $532,790
    -
    $356,120
    $176,670
    $532,790

    Comparable in this City

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    Similar Nearby for Lease

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      Large retail space available in Boca Raton with high visibility.
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      Prime Automotive Retail Space Available

      High-traffic retail space ideal for automotive businesses.
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      Established Shopping Center in Boca

      Neighborhood shopping center with high traffic and strong local loyalty.
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      Retail Space For Rent

      Retail space available for lease in Boca Raton, Florida.
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      High-traffic retail space ideal for automotive businesses.
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    Boca Raton, FL 33428-6647
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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.

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