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Property profile & analytics
OFF-MARKET
Estimated value
$6,565,000
Community centers
10229 Okeechobee Blvd Royal Palm Beach, FL 33411-1403
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US18-3927005
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2005
Construction
CONCRETE
Total area
19,740 SF
Lot
4.95 ac (215,670 SF)
Zoning code
CG
APN
72-41-43-24-02-005-0030
UPID
US18-3927005
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
by Request
CAP Approach
CAP
$4.91M
Comparable Approach
Comparable
$8.23M
Blend (final)
Blend
$6.57M
Owner & transaction history
Cobblestone Village Of Royal Palm · 21 yrs held
Cobblestone Village Of Royal Palm
since 2004
2 recorded transactions
Zoning & alternative use
CG · Royal Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.7M
+83.8%
Auto repair, garage
$10.2M
+74.8%
Industrial (general)
$8.2M
+41.8%
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 Royal Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Royal 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%
$5,315,000
6.5%
$4,910,000
7%
$4,555,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,810,000
Current use
MEDICAL BUILDING
$10,680,000
Change: +84% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,160,000
Change: +75% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,240,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$8,190,000
Change: +41% · Conversion: Easy
Blend value · Realmo final
$6.57M
Range $5.91M – $7.22M · ±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
$333 / 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
Tax billed
$172,950
Tax year 2023
Assessed value
$9,172,596
Assessed 2023
Previous assessed
$8,784,590
+4.4% YoY
Effective rate
1.89%
On assessed value
Assessed land
$2,969,797
Assessed improvement
$6,202,799
Land market value
$2,969,797
Improvement market value
$6,202,799
Total market value
$9,172,596
Applied tax rate
72,486.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Units
1
Total area
19,740 SF
Lot
4.95 ac (215,670 SF)
Zoning code
CG
APN
72-41-43-24-02-005-0030
UPID
US18-3927005
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · Royal Palm Beach, FL
Zoning CG · permitted uses
CG · Royal Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Royal Palm Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$10.7M
AUTO REPAIR, GARAGE
Est. value
$10.2M
INDUSTRIAL (GENERAL)
Est. value
$8.2M
RETAIL STORES
Est. value
$8.2M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2005
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
4.95 ac
Current owner
From public records · entity-resolved
Cobblestone Village Of Royal Palm
Individual
Mailing address
500 E BROWARD BLVD STE #1130, FORT LAUDERDALE, FL 33394-3022
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2004
$1,196,454
Cobblestone Village Of Royal Palm
Target Corp
Grant Deed
—
—
—
Cobblestone Village Of Royal Palm
—
Deed Of Trust
related
$9,994,000 · Key Bank & Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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