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Property profile & analytics
OFF-MARKET
Estimated value
$4,845,000
Community centers
10469 Southern Blvd Royal Palm Beach, FL 33411-4340
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-3874462
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2008
Construction
CONCRETE
Total area
24,220 SF
Lot
2.14 ac (93,218 SF)
Zoning code
CG
APN
72-42-43-27-05-009-0076
UPID
US18-3874462
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
$6.02M
Comparable Approach
Comparable
$4.99M
Blend (final)
Blend
$4.85M
Owner & transaction history
Jbl Village Shoppes LLC · 7 yrs held
Jbl Village Shoppes LLC
since 2019
3 recorded transactions
Zoning & alternative use
CG · Royal Palm Beach, FL
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 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%
$6,525,000
6.5%
$6,020,000
7%
$5,590,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,130,000
Current use
Blend value · Realmo final
$4.85M
Range $4.36M – $5.33M · ±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
$200 / 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
$80,156
Tax year 2023
Assessed value
$4,566,455
Assessed 2023
Previous assessed
$4,306,953
+6.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$1,188,781
Assessed improvement
$3,377,674
Land market value
$1,188,781
Improvement market value
$3,377,674
Total market value
$4,566,455
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
2008
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
24,220 SF
Lot
2.14 ac (93,218 SF)
Zoning code
CG
APN
72-42-43-27-05-009-0076
UPID
US18-3874462
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
$7.1M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2008
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.14 ac
Current owner
From public records · entity-resolved
Jbl Village Shoppes LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2028 HARRISON ST STE #202, HOLLYWOOD, FL 33020-7845
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2019
$4,000,000
Jbl Village Shoppes LLC
Centre II On 441 Lllp
Grant Deed
—
Mar 10, 2009
—
On 441 Lllp Centre II
—
Deed Of Trust
related
$11,300,000 · Bankunited Fsb
Feb 2, 2007
$1,000,000
On 441 Lllp Centre II
Southern Center Land Trust
Grant Deed
—
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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