Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1020 Railroad Ave West Palm Beach, FL 33401

    • Industrial land
    • 0.42 lot acres
    OFF-MARKET
    Last Sale
    Oct 03, 2022
    $1,700,000
    Value Estimations
    $1,790,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4968255
    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

    • Industrial land

    Property Details for 1020 Railroad Ave

    Lot size
    0.42 lot acres
    Zone code
    BPD-R
    Property type
    Industrial land
    APN
    74-43-43-15-20-002-0510
    APU
    74434315200020510

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,850,000
      ML approach
      $1,900,000

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

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0552
    Latitude
    26.7219
    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
    $7,560
    $366,960
    $0.00
    $366,960
    -
    $366,960
    $0.00
    $366,960

    Comparable in this City

    • Value Estimation by Request
      0.10 Acres

      1211 Madeira Ct

      INDUSTRIAL - VACANT LAND • 0.10 Acres
      1211 Madeira Ct, West Palm Beach, FL 33401-2613
      View Details
    • Value Estimation by Request
      0.08 Acres

      1207 Madeira Ct

      INDUSTRIAL - VACANT LAND • 0.08 Acres
      1207 Madeira Ct, West Palm Beach, FL 33401-2613
      View Details
    • Value Estimation by Request
      0.25 Acres

      2203 Mercer Ave

      INDUSTRIAL - VACANT LAND • 0.25 Acres
      2203 Mercer Ave, West Palm Beach, FL 33401
      View Details
    • Value Estimation
      $2,075,000
      0.10 Acres

      1201 Spruce Ave

      INDUSTRIAL - VACANT LAND • 1,255 SF
      1201 Spruce Ave, West Palm Beach, FL 33401
      View Details
    • Value Estimation by Request
      0.10 Acres

      1207 Roebuck Ct

      INDUSTRIAL - VACANT LAND • 1,361 SF
      1207 Roebuck Ct, West Palm Beach, FL 33401-6925
      View Details
    • Value Estimation
      $2,070,000
      0.10 Acres

      504 Palm Bch Lks Blvd

      INDUSTRIAL - VACANT LAND • 938 SF
      504 Palm Bch Lks Blvd, West Palm Beach, FL 33401-2628
      View Details

    Similar Nearby for Sale

    • $199,000
      0.15 Acres

      West Palm Beach Residential Land

      Land zoned for duplex in West Palm Beach, Florida.
      913 14Th St, West Palm Beach, FL 33401
      View Details
    • $1,750,000
      0.87 Acres

      West Palm Beach Land Opportunity

      Two contiguous parcels totaling 0.87 acres in West Palm Beach.
      1617 Embassy Dr, West Palm Beach, FL 33401
      View Details
    • $60,000

      West Palm Beach Development Opportunity

      Intracoastal view lot suitable for hotel, retail, residential development.
      215 5Th St, West Palm Beach, FL 33401
      View Details
    • $20,000,000

      Downtown West Palm Beach Portfolio

      Prime redevelopment opportunity in Downtown West Palm Beach, Florida.
      401 N Rosemary Ave, West Palm Beach, FL 33401
      View Details
    • Contact for pricing

      Development Site in Centrepark

      2.2-acre development site approved for multifamily housing.
      1415 Centrepark Blvd, West Palm Beach, FL 33401
      View Details
    • Contact for pricing

      Waterfront Multifamily Development Opportunity

      238-unit waterfront development with site plan approval in West Palm Beach.
      1551 Forum Pl, West Palm Beach, FL 33401
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo

      Commercial Land For Rent

      Commercial land available for rent in West Palm Beach, FL.
      1710 Okeechobee Rd, West Palm Beach, FL 33401
      View Details
    • $60,000
      28,066 SF

      West Palm Beach Development Opportunity

      Prime lot for development with intracoastal views.
      215 5Th St, West Palm Beach, FL 33401
      View Details
    • $45 SF/Yr
      21,500 SF

      Halsey Place: Creative Office Spaces

      West Palm Beach Creative Office, Restaurant Opportunity
      313 Datura St, West Palm Beach, FL 33401
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail space available for lease in West Palm Beach.
      201 Clearwater Dr, West Palm Beach, FL 33401
      View Details
    • $45 SF/Yr
      900 SF

      West Palm Beach Office Space

      900 SF office space available for lease.
      215 S Olive Ave, West Palm Beach, FL 33401
      View Details
    • $110 SF/Yr
      5,582 SF

      West Palm Beach Office Space

      Office space available for lease in West Palm Beach, FL.
      300 Banyan Blvd, West Palm Beach, FL 33401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1020 Railroad Ave
    West Palm Beach, FL 33401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!