Financial
Distress signals
Property profile

3111 45Th St West Palm Beach, FL 33407

FOR SALE
Strip malls
Property ID
US18-4587152
24,251 SF 4.39 ac lot Built 1989
Last sale Jun 2021 · $5,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Unit #1 is a retail suite located at 3111 45th Street in West Palm Beach, Florida. The suite includes 1,056 square feet of enclosed retail space and an additional 250 square feet exterior patio area for customer seating. The property was built in 1989 and is configured as a multi-tenant retail site with an NNN lease structure. Unit #1 has previously been used as a smoothie shop and is laid out to combine interior retail space with dedicated outdoor seating.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$111k
Tax billed · 2023
Assessed value$4.90M
Assessed land$2.21M
Assessed improvement$2.69M
Effective rate2.27%

Value estimate

· Sep 2026
$6.99M
$6.29M – $7.68M
AI approach$6.99M
CAP approach$6.03M
Submarket $/SF estimate$4.03M
NOI build-up
Gross scheduled income$647k
Vacancy & credit loss−$42k
Operating expenses−$182k
NOI · 1,629,419.23% cap applied$424k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$294/SF
Submarket average, outlier-cleaned · 77 recorded sales of this use type
Observed band · Q1–Q3$198 – $417

Cap rate analysis

How does the asset earn?
1,629,419.23%
$424k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CPD
The CityPlace DRI shall govern the CityPlace district (CPD), CityPlace is characterized as a mixed used district, with a primary emphasis...
General categoryPLANNED_DEVELOPMENT
JurisdictionPALM BEACH

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant11.8
Cafe & Coffee Shop11.3
Parking Facility11.1

Location

3111 45Th St West Palm Beach, FL 33407
County assessor Recorded deeds · 9 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
446 Northwood, West Palm Beach, FL 33407-5816 $1,386,100 Apr 2022 2,446 SF
4415 Westroads, Riviera Beach, FL 33407-1207 $1,100,669 Jul 2020 15,250 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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