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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1000 Blue Heron Blvd Riviera Beach, FL 33404-4726

    • Hotels
    • 7,491 SF
    • 0.56 lot acres
    OFF-MARKET
    Value Estimations
    $625,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3473539
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hotels

    Property Details for 1000 Blue Heron Blvd

    Year built
    1952
    Construction
    WOOD
    Lot size
    0.56 lot acres
    Property size
    7,491 SF
    Zone code
    DG
    Property type
    Hotels
    Property subtype
    Motels
    APN
    56-43-42-27-04-000-5240
    APU
    56434227040005240

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $445,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $940,000
      6.5%
      $865,000
      7%
      $805,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $558,000
      Market price range: $132k - $945k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Riviera Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0394
    Latitude
    26.7839
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $35,115
    $1,288,000
    $402,025
    $1,690,025
    -
    $1,288,000
    $402,025
    $1,690,025

    Comparable in this City

    • Value Estimation by Request
      4,011 SF

      212 Blue Heron Blvd, Unit 1

      HOTEL/MOTEL • 4,011 SF
      212 Blue Heron Blvd, Riviera Beach, FL 33404-4545
      View Details
    • Value Estimation
      $1,390,000
      18,960 SF

      4112 Blue Heron Blvd, Unit 101

      HOTEL/MOTEL • 18,960 SF
      4112 Blue Heron Blvd, Riviera Beach, FL 33404-4855
      View Details
    • Value Estimation by Request
      2,944 SF

      949 9th St

      HOTEL/MOTEL • 2,944 SF
      949 9th St, Riviera Beach, FL 33404-7346
      View Details
    • Value Estimation
      $1,935,000
      31,312 SF

      3651 Blue Heron Blvd, Unit 102

      HOTEL/MOTEL • 31,312 SF
      3651 Blue Heron Blvd, Riviera Beach, FL 33404-4901
      View Details
    • Value Estimation by Request
      3,282 SF

      3334 Broadway, Unit 100

      HOTEL/MOTEL • 3,282 SF
      3334 Broadway, Riviera Beach, FL 33404-2328
      View Details
    • Value Estimation by Request
      4,476 SF

      186 Blue Heron Blvd, Unit 1

      HOTEL/MOTEL • 4,476 SF
      186 Blue Heron Blvd, Riviera Beach, FL 33404-4543
      View Details

    Similar Nearby for Sale

    • $750,000

      Oceanfront Condo Hotel Residence

      Furnished 1-bedroom condo with resort amenities and rental income potential.
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    • $2,077,000

      Oceanfront Condo with Wraparound Balcony

      Corner condo with ocean and intracoastal views and luxurious amenities.
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    • $2,490,000
      2.24 Acres

      Riviera Beach Commercial Land

      Prime 2.24-acre development site.
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      View Details
    • Contact for pricing
      60,969 SF

      Updated Office Building in Riviera

      Well-maintained Class B office building with government tenants.
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      View Details
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    Similar Nearby for Lease

    • $2,000 /Mo

      Renovated 2-Bedroom Apartment

      Newly renovated 2-bedroom, 1-bathroom apartment with modern amenities.
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      View Details
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      View Details
    • Contact for pricing
      1,200 SF

      Riviera Beach Flex/Industrial Space

      Flex/industrial space available for lease in Riviera Beach, Florida.
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      View Details
    • New
      $1,200 /Mo
      6,239 SF

      Renovated Retail Space Available

      Fully renovated retail spaces available for lease in Riviera Beach.
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      View Details
    • $1,800 /Mo

      Updated Two-Bedroom Duplex Available

      Two-bedroom, one-bathroom duplex unit for rent, updated and convenient.
      1260 Dr Martin Luther King Jr Blvd, Riviera Beach, FL 33404
      View Details
    • Contact for pricing
      9,405 SF

      West Palm Beach Warehouse Space

      Tilt-up concrete warehouse with dock high loading near I-95.
      3900 Fiscal Ct, West Palm Beach, FL 33404
      View Details
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    Riviera Beach, FL 33404-4726
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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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