Residential Income Property with Heat
For Sale
$539,500
Pending
528 Churchill Rd, West Palm Beach, FL 33405
The city zoning designation is SF7.
Property Size1,644 SF
Days on Market205
Property Features for 528 Churchill Rd
General Information
Standard status
Pending
Size
1,644 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$6,519
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Rose Chery · License #3632807
(754) 207-0243
Source:
Exprealty
Added: Mar 30
Changed: Oct 19
Last Checked: Oct 19 at 12:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1925, this residential income property contains 1,644 square feet. Interior features include a heat pump, ductless equipment, and wall/window units, along with ceiling fans. The property is located at 528 Churchill Road in West Palm Beach and is zoned SF7 by the city.
Key Highlights
- 1,644 square feet of property area
- Built in 1925
- SF7 zoning (city)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,613
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,260
$572.3K
Cap Rate 7%
$408,757
$408.8K
Cap Rate 9%
$317,922
$317.9K
Market Conditions
NOI Build-Up for 1,644 SF
Gross rent
$54.6K $33.24/SF
− Vacancy
−$2.6K −$1.60/SF
EGI
$52.0K $31.64/SF
− OpEx
−$23.4K −$14.24/SF
NOI
$28.6K $17.40/SF
Area
West Palm Beach, FL
Vacancy
4.80%
Lease Rate
$33.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,260
Cap Rate 7%
$408,757
Cap Rate 9%
$317,922
Alternative Uses
Best Use
Apartment 5plus
$408.8K
$357.7K – $476.9K
NOI $28,613 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,046 @ 7.0% cap · market cap 15.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,036
Businesses Nearby
Explore this area
Business Placement
Demographics for 33405, FL
19,369
Population
9,557
Households
2
Avg Household Size
41
Median Age
34%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
4,304
Density / Sq Mi
$82,945
Median Household Income
$46,450
Median Earnings
$1,432
Median Rent
$401,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The city zoning designation is SF7.
Where is this residential income property located?
The property is located at 528 Churchill Rd West Palm Beach, FL.
What is the asking price?
The asking price for this property is $539,500.
What are key features of this property?
This property features: 1,644 square feet of property area; Built in 1925; SF7 zoning (city)
