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Property profile & analytics
OFF-MARKET
Estimated value
$5,305,000
Office buildings
109 Royal Palm Way Palm Beach, FL 33480-4249
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4025743
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1986
Construction
CONCRETE
Total area
10,860 SF
Lot
0.48 ac (21,105 SF)
Zoning code
C-B
APN
50-43-43-23-05-022-0272
UPID
US18-4025743
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
-
African Community and Conservation Foundation Corporate Office
-
Royal Junk Removal Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.73M
Comparable Approach
Comparable
$6.81M
Blend (final)
Blend
$5.31M
Owner & transaction history
Royal Palm Way LLC · 10 yrs held
Royal Palm Way LLC
since 2016
2 recorded transactions
Zoning & alternative use
C-B · Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.5M
+74.0%
Apartment house (5+ units)
$7.4M
+72.8%
Auto repair, garage
$5.4M
+24.5%
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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%
$5,115,000
6.5%
$4,725,000
7%
$4,385,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,310,000
Current use
RESTAURANT
$7,495,000
Change: +74% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$7,445,000
Change: +73% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,365,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,110,000
Change: +19% · Conversion: Easy
RETAIL STORES
$4,330,000
Change: +1% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,290,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$4,280,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$5.31M
Range $4.77M – $5.84M · ±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
$488 / 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
$171,215
Tax year 2023
Assessed value
$11,525,030
Assessed 2023
Previous assessed
$10,680,550
+7.9% YoY
Effective rate
1.49%
On assessed value
Assessed land
$7,564,148
Assessed improvement
$3,960,882
Land market value
$7,564,148
Improvement market value
$3,960,882
Total market value
$11,525,030
Applied tax rate
50,411.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
FORCED AIR
Cooling
NONE
Stories
2
Total area
10,860 SF
Lot
0.48 ac (21,105 SF)
Zoning code
C-B
APN
50-43-43-23-05-022-0272
UPID
US18-4025743
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-B · Palm Beach, FL
Zoning C-B · permitted uses
C-B · Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.3M
RESTAURANT
Est. value
$7.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.4M
AUTO REPAIR, GARAGE
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$5.1M
RETAIL STORES
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$4.3M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1986
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Royal Palm Way LLC
Entity
Mailing address
2 ROOSEVELT AVE STE #101, SYOSSET, NY 11791-3064
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
May 17, 2016
—
Royal Palm Way LLC
—
Deed
related
$5,500,000 · Miscellaneous Ins Co
—
—
Royal Palm Way LLC
—
Loan Modification
related
$5,500,000 · Miscellaneous Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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