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Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Industrial land
1020 Railroad Ave West Palm Beach, FL 33401
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4968255
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
0.42 ac (18,347 SF)
Zoning code
BPD-R
APN
74-43-43-15-20-002-0510
UPID
US18-4968255
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.79M
Owner & transaction history
1000 N Railroad Ave LLC · 3 yrs held
1000 N Railroad Ave LLC
since 2022
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
BPD-R · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the Brelsford Park district is to improve its quality with new infill development and renovation of existing structures, while the majority of the building stock is one and two story residential, new uses may include residential with live or work, professional offices, and design arts related uses
Zone name
Brelsford Park District Residential
General category
RESIDENTIAL
Zone area
7.66 ac
Source
Realmo
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
$1,850,000
ML approach
$1,900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.79M
Range $1.61M – $1.97M · ±10% · vs last sale $1.70M (Oct 3 2022)
Last sale anchor
$1.70M
Oct 3 2022
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
—
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
Tax billed
$7,560
Tax year 2023
Assessed value
$366,960
Assessed 2023
Previous assessed
$213,938
+71.5% YoY
Effective rate
2.06%
On assessed value
Assessed land
$366,960
Land market value
$366,960
Total market value
$366,960
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
0.42 ac (18,347 SF)
Zoning code
BPD-R
APN
74-43-43-15-20-002-0510
UPID
US18-4968255
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
BPD-R · West Palm Beach, FLZoning BPD-R · permitted uses
BPD-R · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the Brelsford Park district is to improve its quality with new infill development and renovation of existing structures, while the majority of the building stock is one and two story residential, new uses may include residential with live or work, professional offices, and design arts related uses
Zone name
Brelsford Park District Residential
General category
RESIDENTIAL
Zone area
7.66 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.42 ac
Current owner
From public records · entity-resolved
1000 N Railroad Ave LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1105 N DIXIE HWY, WEST PALM BEACH, FL 33401-3333
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2022
—
1000 N Railroad Ave LLC
N Railroad Commercial LLC
Intrafamily Transfer
related
—
Feb 21, 2020
$1,700,000
N Railroad Commercial LLC
Kb Holdings LLC
Warranty Deed
$1,020,000 · First Republic Bank
Jul 26, 2016
—
Kb Holdings LLC
—
Deed
related
$429,187 · Flagler Bk
Jun 22, 2006
$1,150,000
Kb Holdings LLC
Akara INC
Warranty Deed
$575,000 · Flagler Bank
—
—
Kb Holdings LLC
—
Loan Modification
related
$429,187 · Flagler Bk
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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