Public market commentary. This property is not listed for sale by Justin Crow · Mattis Advisors.

5900 NW Broken Sound Pkwy

Boca Raton, FL 33487  ·  Office Building, 1 story  ·  Folio 06424701030120000
Building
77,340
square feet
Lot
266,839
6.13 acres
Year built
2001
25 years old
Assessed value
$14,934,939
$193/SF assessed

Ownership and recorded sale history

Owner of recordPEBB 5900 BROKEN SOUND LLC
Entity statusActive — Florida Division of Corporations
Last recorded sale2021 — $14,520,000
At that sale$188/SF
Years since5 years
Palm Beach County Property Appraiser and Florida Division of Corporations. Public records; may lag actual events.

What has actually traded in Park of Commerce / Clint Moore

Recorded transactions for office properties in the Park of Commerce and Clint Moore Road business parks, narrowed to the buildings closest to this one in size and age.

Recorded sales
8
2021–2026
Median price/SF
$202
$132 – $322
Median size
66,567
square feet
Median vintage
1990
year built
Computed across the 8 sales listed below — the closest matches to this building by size and vintage. Transfers under $100,000, multi-parcel portfolio deals that cannot be allocated, and land-dominant parcels are excluded.

Reading this against the corridor

The county assesses this building at $193/SF. Recorded sales of office properties in Park of Commerce / Clint Moore since 2021 have a median of $202/SF, across a range of $132/SF to $322/SF.

Across those 8 recorded sales, the median sale price came in at 1.24× the county assessed value. Assessed values are set for taxation and are reset on their own schedule, so they routinely sit apart from transaction prices — in either direction.

By footprint it sits in roughly the 69th percentile of office properties that have traded in this corridor — 5 of the 16 recorded sales were of larger buildings.

The assessment works out 5% below the median price per square foot of the comparable sales shown below. That is an arithmetic comparison of a tax figure against transaction prices, not a statement about what this building would sell for.

What this means for this building depends on what no public record contains — the leases, the condition, the rent roll.

Recorded sales of comparable size and vintage

PropertySizeBuiltSoldPricePer SF
1095 NW Broken Sound Pkwy
Office Building, 1 story
54,20320082026$12,700,000$234
6551 Park of Commerce Blvd 2
Office Building, 1 story
131,53619982025$17,400,000$132
950 Peninsula Corporate Cir
Office Building, 1 story
47,53220062025$15,300,000$322
5301 N Federal Hwy
Office Building, 1 story
73,80219832024$11,425,000$155
791 Park of Commerce Blvd
Office Building, 1 story
130,51019942023$20,000,000$153
851 NW Broken Sound Pkwy
Office Building, 1 story
59,33219872022$13,800,000$233
5901 NW Broken Sound Pkwy
Office Building, multi-story
103,02219862021$29,100,000$282
6501 Park of Commerce Blvd
Office Building, multi-story
51,67219872021$8,886,513$172
Recorded sale prices from Palm Beach County public records. Comparable transactions — not an appraisal, and not an opinion of value for this or any property.

Important Disclosures

Not a listing. The property described on this page is not listed for sale or lease by Justin Crow or Mattis Advisors. Justin Crow has no listing authority for this property and does not represent the owner unless explicitly engaged in a written agreement.

Not an appraisal. Nothing on this page constitutes an appraisal, a Broker's Opinion of Value, or a Broker Price Opinion under Florida Statute 475.612. The submarket benchmarks shown are general market observations and are not specific opinions of value for this property.

Public records. All property data is sourced from the Palm Beach County Property Appraiser's public records and is reproduced here for informational purposes. Property data may be inaccurate or out of date. Justin Crow makes no warranty as to the accuracy or completeness of any information on this page.

Owner opt-out. If you are the owner of this property and would prefer this page be removed, please email justin@mattisadvisors.com with the subject "Opt-out — Folio 06424701030120000." We will remove the page within 24 hours of receipt, no questions asked.

About. Justin Crow is a Florida-licensed real estate associate operating under Mattis Advisors. Brokerage activity is conducted through Mattis Advisors.