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Property profile & analytics
OFF-MARKET
Estimated value
$3,810,000
Office buildings
1000 45th St West Palm Beach, FL 33407-2416
Individually Owned
15-yr Hold
Free & Clear
Property ID
US18-2360591
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1983
Construction
WOOD
Total area
8,748 SF
Lot
3.97 ac (172,776 SF)
Zoning code
OC
APN
74-43-43-04-15-000-0094
UPID
US18-2360591
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Acosta Roberto J MD Physician
-
Dr. Courtney Rowling Physician
-
CL Brumback Primary Care Clinic-Lewis Center Community Health Centre Health Care Facility
-
Adriana Lequerica Ziemba Physician Medical Clinic
-
Lynne L. Patty, OT Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.01M
Comparable Approach
Comparable
$4.00M
Blend (final)
Blend
$3.81M
Owner & transaction history
Palm Bch Cnty · 15 yrs held
Palm Bch Cnty
since 2010
7 recorded transactions
Zoning & alternative use
OC · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.2M
+90.1%
Medical building
$4.7M
+72.7%
Auto repair, garage
$4.5M
+64.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs West Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Palm Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,420,000
6.5%
$5,005,000
7%
$4,645,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,740,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,210,000
Change: +90% · Conversion: Easy
MEDICAL BUILDING
$4,735,000
Change: +73% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,500,000
Change: +64% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,740,000
Change: +36% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,650,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$3,630,000
Change: +32% · Conversion: Moderate
Blend value · Realmo final
$3.81M
Range $3.43M – $4.19M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$436 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$6,580,440
Assessed 2023
Previous assessed
$6,580,440
+0.0% YoY
Assessed land
$2,163,181
Assessed improvement
$4,417,259
Land market value
$2,163,181
Improvement market value
$4,417,259
Total market value
$6,580,440
Applied tax rate
74,407.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1983
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
8,748 SF
Lot
3.97 ac (172,776 SF)
Zoning code
OC
APN
74-43-43-04-15-000-0094
UPID
US18-2360591
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
OC · West Palm Beach, FL
Zoning OC · permitted uses
OC · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Palm Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$3.7M
INDUSTRIAL (GENERAL)
Est. value
$3.7M
RETAIL STORES
Est. value
$3.6M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
3.97 ac
Current owner
From public records · entity-resolved
Palm Bch Cnty
Individual
Free & Clear · 15 yrs held
Mailing address
2633 VIS PKWY, ROYAL PALM BEACH, FL 33411-5613
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2010
$542,500
Palm Bch Cnty
Hand Surgery Institute INC
Warranty Deed
—
Mar 25, 2010
$391,750
Palm Bch Cnty
Crittenden Sokoloff Invs LLC
Warranty Deed
—
Mar 25, 2010
$754,000
Palm Bch Cnty
Saritas,koral & Perran
Warranty Deed
—
Mar 25, 2010
$2,070,000
Palm Bch Cnty
City Of West Palm Bch Florida
Grant Deed
related
—
Apr 6, 2005
$400,000
Koral Saritas
Jmk Property Management INC
Warranty Deed
—
Apr 6, 2005
$340,000
Koral Saritas
Jmk Property Management INC
Warranty Deed
—
Dec 29, 2003
—
Crittenden Sokoloff Investment
Crittenden,frank
Quit Claim Deed
related
—
Jul 18, 1988
$594,100
John W Garyi III
Vance,sidney C
Warranty Deed
related
$800,000 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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