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Property profile & analytics
OFF-MARKET
Estimated value
$3,255,000
Banks
1037 State Rd 7th Ste 217, Wellington, FL 33414-6140
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-1763448
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2006
Construction
CONCRETE BLOCKS
Total area
2,033 SF
Lot
1 ac (43,560 SF)
APN
73-41-44-12-18-000-2170
UPID
US18-1763448
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
$3.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.26M
Owner & transaction history
Premier Campus Property IV LLC · 4 yrs held
Premier Campus Property IV LLC
since 2022
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Wellington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wellington 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
$3,300,000
ML approach
$3,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.26M
Range $2.93M – $3.58M · ±10% · vs last sale $3.22M (May 3 2022)
Last sale anchor
$3.22M
May 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
$1,601 / 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
$15,569
Tax year 2023
Assessed value
$787,585
Assessed 2023
Previous assessed
$920,218
-14.4% YoY
Effective rate
1.98%
On assessed value
Assessed improvement
$787,585
Improvement market value
$787,585
Total market value
$787,585
Applied tax rate
73,486.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2006
Construction
CONCRETE BLOCKS
Heating
NONE
Total area
2,033 SF
Lot
1 ac (43,560 SF)
APN
73-41-44-12-18-000-2170
UPID
US18-1763448
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2006
Construction
CONCRETE BLOCKS
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Premier Campus Property IV LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1037 S STATE RD 7TH STE #216, WELLINGTON, FL 33414-6140
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2022
$3,223,500
Premier Campus Property IV LLC
Wellington Reserve LLC
Special Warranty Deed
—
Jul 7, 2014
—
Wellington Reserve LLC
—
Loan Modification
related
$12,000,000 · Suntrust Bk
Apr 4, 2013
$10,500,000
Wellington Reserve LLC
Wells Fargo Bk 2007-iq15
Grant Deed
—
May 1, 2012
—
Wells Fargo Bank NA 2007-iq15
Ching Ents LLC Coc
Trustees Deed
related
—
May 20, 2011
$32,500
Wells Fargo Bank NA 2007-iq15
Ching Ents LLC Coc
Trustees Deed
related
—
Sep 4, 2007
—
Ching Ents LLC
Chings Dev INC
Quit Claim Deed
related
—
—
—
Wellington Reserve LLC
—
Deed Of Trust
related
$8,775,000 · Bank Leumi USA
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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