Estimated value (blended)
$247.32M
Range $222.58M – $272.05M (±10%)
Property ID
US18-3098289
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Year built
1926
Construction
STEEL FRAME
Total area
662,083 SF
Lot
10.7 ac (465,948 SF)
Zoning code
PUD-A
APN
50-43-43-22-24-004-0000
UPID
US18-3098289
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Car Rental Facility
-
Event Planning Wedding Service
-
Hotel & Motel
-
(Bike/Boat/Book/etc) Store
-
(Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$247.32M
Owner & transaction history
Zoning & alternative use
PUD-A · Palm Beach, FL
Zoning description
The purpose of a PUD planned unit development district is to Encourage flexibility in the design and development of land in order to encourage its most appropriate use, Facilitate the adequate and economic provision of s…
General category
PLANNED_DEVELOPMENT
Top alternative use upside
Auto repair, garage
$327.0M
+17.9%
Commercial (general)
$311.4M
+12.3%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$247.32M
Value range
$222.58M – $272.05M
±10% around blend
Estimated value / SF
$374 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
$222.58M
blend $247.32M
$272.05M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
662,083 SF
Lot area
10.7 ac
Year built
1926
Stories
8
APN
50-43-43-22-24-004-0000
Assessed value
$407,922,860
Annual tax
$5,134,237
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$247.32M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 38 sales
$419
-11%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $374/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+18%
vs current-use indication
Commercial (general)
Hotel/motel · current use
Retail Stores
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$407.92M
Move the market yield to see immediate price impact.
Value / SF
$616
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$25.70M
$513.98M
$367.13M
$285.55M
$28.55M
$571.09M
$407.92M
$317.27M
$31.41M
$628.20M
$448.72M
$349.00M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,134,237
Tax year 2023
Assessed value
$407,922,860
Assessed 2023
Previous assessed
$368,198,734
+10.8% YoY
Effective rate
1.26%
On assessed value
Assessed land
$236,385,000
Assessed improvement
$171,537,860
Land market value
$236,385,000
Improvement market value
$171,537,860
Total market value
$407,922,860
Applied tax rate
50,411.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL-RESORT
Status
Off-Market
Year built
1926
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
8
Units
572
Bathrooms
999
Total area
662,083 SF
Lot
10.7 ac (465,948 SF)
Zoning code
PUD-A
APN
50-43-43-22-24-004-0000
UPID
US18-3098289
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PUD-A · Palm Beach, FLZoning PUD-A · permitted uses
PUD-A · Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The purpose of a PUD planned unit development district is to Encourage flexibility in the design and development of land in order to encourage its most appropriate use, Facilitate the adequate and economic provision of s…
General category
PLANNED_DEVELOPMENT
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1926
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
8
Buildings
3
Units
572
Bathrooms
999
Lot
10.7 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
PUD-A
PLANNED_DEVELOPMENT
Jurisdiction
Palm Beach, FL
Recorded code
PUD-A
Official district
PUD-A
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PUD-A in Palm Beach, FL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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