112 SE 10TH St
Ownership and recorded sale history
What has actually traded in Federal Highway Corridor
Recorded transactions for office properties in the Federal Highway pairs and the blocks east of downtown toward the Intracoastal, narrowed to the buildings closest to this one in size and age.
Reading this against the corridor
The county assesses this building at $227/SF. Recorded sales of office properties in Federal Highway Corridor since 2022 have a median of $707/SF, across a range of $365/SF to $1,388/SF.
Across those 8 recorded sales, the median sale price came in at 1.21× 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.
At 5,040 SF this building is materially larger than the 2,640 SF median for office properties trading in this corridor, which narrows the pool of directly comparable transactions.
Built in 1935, it is older than the 1970 median vintage of what has been trading nearby — typically a repositioning, capital-expenditure or redevelopment conversation rather than a straight comparison.
By footprint it sits in roughly the 60th percentile of office properties that have traded in this corridor — 6 of the 15 recorded sales were of larger buildings.
The assessment works out 68% 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
| Property | Size | Built | Sold | Price | Per SF |
|---|---|---|---|---|---|
1015 Miramar Dr | 2,198 | 1956 | 2026 | $3,050,000 | $1,388 |
74 NE 4TH Ave | 5,935 | 1976 | 2025 | $3,400,000 | $573 |
801 SE 6TH Ave | 9,044 | 1980 | 2025 | $3,300,000 | $365 |
705 Bond Way | 2,970 | 1975 | 2024 | $2,150,000 | $724 |
347 NE 5TH Ave | 2,272 | 1965 | 2024 | $1,570,000 | $691 |
102 NE 6TH Ave | 1,443 | 1926 | 2023 | $1,800,000 | $1,247 |
235 SE 5TH Ave | 2,309 | 1928 | 2022 | $2,150,000 | $931 |
709 Bond Way | 2,970 | 1975 | 2022 | $1,250,000 | $421 |
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 12434621130050090." 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.