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Property profile & analytics
OFF-MARKET
Estimated value
$1,900,000
Showrooms
1042 Congress Ave Palm Springs, FL 33406-5113
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2698081
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1984
Construction
CONCRETE
Total area
5,000 SF
Lot
0.67 ac (29,020 SF)
Zoning code
CG
APN
70-43-44-08-22-000-0030
UPID
US18-2698081
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
Current use
Occupant on record · Public records
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.81M
CAP Approach
CAP
$1.17M
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$1.90M
Owner & transaction history
Kobosko Properties LLC · 3 yrs held
Kobosko Properties LLC
since 2022
Last sale
$2.0M
2 recorded transactions
Zoning & alternative use
CG · Palm Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.0M
+53.3%
Medical building
$2.7M
+39.3%
Auto repair, garage
$2.6M
+32.5%
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 Palm Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Springs 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
$1,975,000
ML approach
$1,810,000
CAP Approach
CAP Return
Estimation
6%
$1,265,000
6.5%
$1,170,000
7%
$1,085,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,945,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,980,000
Change: +53% · Conversion: Moderate
MEDICAL BUILDING
$2,705,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,575,000
Change: +32% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,085,000
Change: +7% · Conversion: Moderate
RETAIL STORES
$2,075,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$1.90M
Range $1.71M – $2.09M · ±10% · vs last sale $1.95M (Dec 8 2022)
Last sale anchor
$1.95M
Dec 8 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
$380 / 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
$32,923
Tax year 2023
Assessed value
$1,559,014
Assessed 2023
Previous assessed
$1,277,588
+22.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$488,680
Assessed improvement
$1,070,334
Land market value
$488,680
Improvement market value
$1,070,334
Total market value
$1,559,014
Applied tax rate
70,452.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
2
Bathrooms
1
Total area
5,000 SF
Lot
0.67 ac (29,020 SF)
Zoning code
CG
APN
70-43-44-08-22-000-0030
UPID
US18-2698081
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · Palm Springs, FL
Zoning CG · permitted uses
CG · Palm Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES
Est. value
$2.1M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1984
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Kobosko Properties LLC
Entity
Mailing address
1401 PALM CIR, WEST PALM BEACH, FL 33406-5331
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2022
$1,950,000
Kobosko Properties LLC
Pml Capital LLC
Warranty Deed
$985,000 · Jpmorgan Chase Bank NA
Mar 15, 2021
$1,150,000
Pml Capital LLC
Gold Coast Holding Incorporated
Warranty Deed
$3,700,000 · Live Oak Banking Company
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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