951 Yamato RdBoca Raton, FL 33431

Property Details for 951 Yamato Rd

Year built

1983

Construction

CONCRETE

Lot size

10.03 AC

Property size (Sq ft)

160,814 SF

Zone code

LIRP

Property type

Office properties

Property subtype

Office buildings

APN

06-42-47-01-00-000-5070

APU

6424701000005070

Description

This exceptional two-story, 146,108-square-foot Class A office building in Boca Raton, Florida, offers a prestigious address and unparalleled amenities. Built in 1983 and extensively renovated in 2019, the property boasts a striking contemporary aesthetic, including a soaring atrium and lush interior courtyard. Tenants enjoy convenient access to I-95 and the Tri-Rail, with Downtown Boca Raton just a 10-minute drive away. The building features ample surface and covered executive parking, a state-of-the-art tenant conference facility, a training room, and on-site concierge services. High-speed fiber optics and free common area WiFi ensure seamless connectivity. Numerous telecom options are available, catering to diverse business needs. The building is Energy Star certified, reflecting its commitment to sustainability. Custom and move-in ready suites are available, providing flexibility for various business sizes. Its strategic location places it midway between Broward and Palm Beach County business markets, offering easy access to a large talent pool and diverse clientele. Nearby, tenants can enjoy the upscale shopping at Town Center at Boca Raton, home to Bloomingdale's, Saks Fifth Avenue, Neiman Marcus, Nordstrom, and J. Crew, as well as a variety of top-rated restaurants. The 2023 estimated operating expenses are $12.18 per square foot. This property presents a unique opportunity to establish a thriving business in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $47,027,932

  6.5%

  $43,410,400

  7%

  $40,309,656

• Comparable approach

  Method

  Valuation

  Relative Method

  $31,070,872

  Geo Method

  $31,070,872

• Alternative Use

  Use

  Valuation

  Residential

  $53,828,896

  Hospitality

  $49,306,980

  Educational

  $41,022,828

  Medical

  $42,433,664

  Retail

  $63,813,288

Location Insight

City

Boca Raton

County

Palm Beach

State

Florida

Latitude

26.3953

Longitude

-80.1074

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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