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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Grocery and convenience stores
105 Us Hwy 27th S South Bay, FL 33493-2213
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-3841983
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1985
Construction
CONCRETE
Total area
2,290 SF
Lot
0.54 ac (23,684 SF)
Zoning code
B-1
APN
58-36-44-14-15-230-0020
UPID
US18-3841983
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
-
Marathon Gas Station
-
G R Gas Station Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.31M
Owner & transaction history
Berner Oil Co INC · 4 yrs held
Berner Oil Co INC
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
B-1 · South Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+25.0%
Commercial (general)
$1.1M
+19.1%
Retail stores
$915,000
+0.9%
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 South Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Bay 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
$1,245,000
ML approach
$1,305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$905,000
Current use
AUTO REPAIR, GARAGE
$1,130,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,075,000
Change: +19% · Conversion: Easy
RETAIL STORES
$915,000
Change: +1% · Conversion: Easy
OFFICE BUILDING
$910,000
Change: +0% · Conversion: Moderate
MEDICAL BUILDING
$905,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$785,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±10% · vs last sale $1.30M (Jul 12 2022)
Last sale anchor
$1.30M
Jul 12 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
$570 / 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
$17,243
Tax year 2023
Assessed value
$637,919
Assessed 2023
Previous assessed
$563,195
+13.3% YoY
Effective rate
2.70%
On assessed value
Assessed land
$236,940
Assessed improvement
$400,979
Land market value
$236,940
Improvement market value
$400,979
Total market value
$637,919
Applied tax rate
58,486.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
4
Total area
2,290 SF
Lot
0.54 ac (23,684 SF)
Zoning code
B-1
APN
58-36-44-14-15-230-0020
UPID
US18-3841983
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-1 · South Bay, FL
Zoning B-1 · permitted uses
B-1 · South Bay, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Bay. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$905,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$915,000
OFFICE BUILDING
Est. value
$910,000
MEDICAL BUILDING
Est. value
$905,000
WAREHOUSE, STORAGE
Est. value
$785,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1985
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
4
Lot
0.54 ac
Current owner
From public records · entity-resolved
Berner Oil Co INC
Entity
Mailing address
PO BOX 1205, CLEWISTON, FL 33440-1205
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
Jul 12, 2022
$1,300,000
Berner Oil Co INC
South Bay Investors 101 LLC
Warranty Deed
$1,240,000 · First Bank
Jan 7, 2012
$800,000
South Bay Investors 101 LLC
Berner Oil Co INC
Warranty Deed
$560,000 · First Bank
May 25, 2010
—
Berner Oil Co INC
—
Deed Of Trust
related
$2,400,000 · First Bank
Apr 13, 2010
$563,981
Berner Oil Co INC
Oil Tech USA INC
Warranty Deed
$65,000 · Oil Tech USA INC
Oct 29, 2008
$467,000
Oil Tech USA INC
Gastven Corp
Warranty Deed
$467,000 · First Bank
—
—
Annette W Allen
—
Deed Of Trust
related
$68,007 · Citicorp Trust Bank Fsb
—
—
Berner Oil Co INC
—
Deed Of Trust
related
$300,000 · First Bank
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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