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    Undefined West Palm Beach, FL 33406

    • Retail properties
    • 2,600 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 Undefined

    Property size
    2,600 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0926
    Latitude
    26.6562

    Comparable in this City

    • Value Estimation by Request

      Palm Bch

      Retail properties
      0 Palm Bch, West Palm Beach, FL 33406
      View Details
    • Value Estimation by Request
      1 SF

      2677 Forest Hill Blvd

      Retail properties • 1 SF
      2677 Forest Hill Blvd, West Palm Beach, FL 33406
      View Details
    • Value Estimation by Request
      2,880 SF

      4380 Frst Hl Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,880 SF
      4380 Frst Hl Blvd, Palm Springs, FL 33406-5718
      View Details
    • Value Estimation
      $670,000
      2,996 SF

      1531 Belvedere Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,996 SF
      1531 Belvedere Rd, West Palm Beach, FL 33406-1500
      View Details
    • Value Estimation
      $2,825,000
      2,520 SF

      815 Congress Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,520 SF
      815 Congress Ave, Palm Springs, FL 33406-4118
      View Details
    • Value Estimation by Request
      2,453 SF

      4466 Frst Hl Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,453 SF
      4466 Frst Hl Blvd, Palm Springs, FL 33406-5720
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Palm Beach County Development Sites

      Three approved car wash development sites in Palm Beach County.
      West Palm Beach, FL 33406
      View Details
    • $1,000,000
      0.67 Acres

      Prime Palm Springs Commercial Land

      0.67 Acres, High Traffic, Flexible Zoning
      1775 Congress Ave, Palm Springs, FL 33406
      View Details
    • $1,250,000

      Prime Commercial Property on Forest

      High-visibility commercial property on busy Forest Hill Blvd.
      2841 Forest Hill Blvd, West Palm Beach, FL 33406
      View Details
    • New
      $200,000
      2,000 SF

      Established Convenience Store in Palm Springs

      Profitable convenience store in high-traffic Palm Springs location.
      1946 S Congress Ave, Palm Springs, FL 33406
      View Details
    • $584,000

      Fully Rented Duplex in Palm Springs

      Updated duplex with tenants, close to amenities and highways.
      2907 Apalachee Rd, Palm Springs, FL 33406
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    • $6,250,000

      Palm Springs Land For Sale

      Land available in Palm Springs, Florida.
      Dalinda Ln, Palm Springs, FL 33406
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      3,404 SF

      West Palm Beach Retail Opportunity

      Prime Retail Space - Immediate Occupancy
      2700 Forest Hill Blvd, West Palm Beach, FL 33406
      View Details
    • $20 SF/Yr
      6,916 SF

      High-Traffic Retail Building Sublease

      Freestanding retail building with high visibility and adaptable layout.
      3074 Forest Hill Blvd, West Palm Beach, FL 33406
      View Details
    • Contact for pricing
      1,700 SF

      West Palm Beach Retail/Office Space

      Retail and office spaces available in West Palm Beach, FL.
      2669 Forest Hill Blvd, West Palm Beach, FL 33406
      View Details
    • Contact for pricing
      2,430 SF

      Retail Space on Forest Hill

      Retail space available with aggressive lease rates and incentives.
      4316-4450 Forest Hill Blvd, West Palm Beach, FL 33406
      View Details
    • Contact for pricing

      West Palm Beach Office Building

      Single-Tenant Office Space Available
      1840 Forest Hill Blvd, West Palm Beach, FL 33406
      View Details
    • Contact for pricing
      2,500 SF

      Prime Office/Retail Space Available

      Office/retail space with high visibility near Palm Beach Airport.
      1709 Belvedere Rd, West Palm Beach, FL 33406
      View Details
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    West Palm Beach, FL 33406
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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.

    More about this property
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