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    151 State Road 7 West Palm Beach, FL 33411
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    151 State Road 7 West Palm Beach, FL 33411

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    • Land
    • 1.36 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • HYPEGRL / Clothing & Fashion Store

    Property Details for 151 State Road 7

    Lot size
    1.36 lot acres
    Property type
    Land

    Description

    This exceptional 1.36-acre commercial land parcel presents a unique investment opportunity in the thriving Royal Palm Beach area of West Palm Beach, Florida. Located at 151 South State Road 7, this single-tenant property offers significant development potential. The expansive lot size provides ample space for a variety of commercial ventures, catering to businesses seeking a high-visibility location with easy access to major roadways. Situated in Palm Beach County, the property benefits from a strong local economy and a growing population. The address, 151 South State Road 7, ensures excellent exposure to high traffic volume, making it ideal for businesses seeking maximum brand visibility. With its strategic location and substantial acreage, this property is poised for significant returns. The zoning and permitted uses should be independently verified to ensure alignment with any prospective development plans. This is a rare opportunity to acquire a substantial commercial land parcel in a prime location, offering exceptional potential for future growth and profitability. The property is ready for immediate development, presenting a blank canvas for a discerning investor or developer. Detailed site plans and surveys are available upon request. Don't miss this chance to secure a piece of West Palm Beach's vibrant commercial landscape. The zip code is 33411.

    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
    -80.1987
    Latitude
    26.7044

    Comparable in this City

    • Value Estimation by Request
      4.67 Acres

      788 Johnson Ln

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      25.00 Acres

      & SR-7 Okeechobee Blvd

      Land • 250,000 SF
      & SR-7 Okeechobee Blvd, West Palm Beach, FL 33411
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    • Value Estimation by Request
      1.36 Acres

      151 State Road 7

      Land • 1.36 Acres
      151 State Road 7, West Palm Beach, FL 33411
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    • Value Estimation by Request

      788 Johnson Ln

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      788 Johnson Ln, Royal Palm Beach, FL 33411
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      22.94 Acres

      8315 Pioneer Rd

      Land • 22.94 Acres
      8315 Pioneer Rd, West Palm Beach, FL 33411
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    • Value Estimation
      $2,320,000
      9,000 SF

      11801 Poinciana Blvd

      SHOW ROOM, WAREHOUSE • 9,000 SF
      11801 Poinciana Blvd, Royal Palm Beach, FL 33411-2883
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      Land For Sale

      Land available for sale in Royal Palm Beach, Florida.
      151 S State Road 7, Royal Palm Beach, FL 33411
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      Land For Sale

      Land available for sale in West Palm Beach, Florida.
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    Similar Nearby for Lease

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      Land Available For Lease

      Land for lease at 7959 Southern Blvd, West Palm Beach.
      7959 Southern Blvd, West Palm Beach, FL 33411
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      Land For Rent

      Single tenant land available for rent.
      151 S State Road 7, Royal Palm Beach, FL 33411
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    • $3 SF/Yr

      Industrial Land For Lease

      Industrial land available for lease with permitted outside storage.
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      Retail Space For Lease

      Retail space available for lease in Royal Palm Beach, FL.
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      West Palm Beach Storage Space

      Ideal for parking, equipment, or IOS storage in West Palm.
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      3,220 SF

      West Palm Beach Flex Space

      Office/warehouse with grade level doors and building signage available for rent.
      6931 Vista Pkwy N, West Palm Beach, FL 33411
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    West Palm Beach, FL 33411
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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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