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Property profile & analytics
OFF-MARKET
Estimated value
$37,830,000
Retail properties & Spaces
1100 Banyan Blvd West Palm Beach, FL 33401-5000
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-0885459
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2000
Construction
STEEL FRAME
Total area
72,849 SF
Lot
4.73 ac (206,108 SF)
Zoning code
CPD
APN
74-43-43-21-11-000-0041
UPID
US18-0885459
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
-
WPTV-TV (West Palm Beach) Television Studio Media Distribution
-
KO-MAR Productions Film Production Television Studio
-
WFLX - FOX 29 Marketing & Advertising
-
News Media Group, Inc. Media Distribution
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$37.83M
Owner & transaction history
1100 Bany LLC · 1 yrs held
1100 Bany LLC
since 2025
Last sale
$40.0M
5 recorded transactions
Zoning & alternative use
CPD · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
111. - Parking and loading requirements. Sec. 94-112. - Alleys and public rights-of-way. Sec. 94-113. - Landscape and streetscape requirements. Sec. 94-114. - Urban core planning area. Sec. 94-115. - CityPlace district (CPD). Sec. 94-116. - ClearLake district (CLD). Sec. 94-117. - Cultural arts district (CAD). Sec. 94-118. - Quadrille garden district (QGD).…
Zone name
Commercial Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
1,034.97 ac
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 West Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
$33,485,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$30,930,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$37.83M
Range $34.05M – $41.61M · ±10% · vs last sale $40.00M (May 5 2025)
Last sale anchor
$40.00M
May 5 2025
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
$519 / 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
$625,477
Tax year 2023
Assessed value
$35,629,910
Assessed 2023
Previous assessed
$26,287,545
+35.5% YoY
Effective rate
1.76%
On assessed value
Assessed land
$15,458,025
Assessed improvement
$20,171,885
Land market value
$15,458,025
Improvement market value
$20,171,885
Total market value
$35,629,910
Applied tax rate
84,407.0000
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
NONE
Cooling
AC.CHILLED WATER
Buildings
2
Stories
4
Total area
72,849 SF
Lot
4.73 ac (206,108 SF)
Zoning code
CPD
APN
74-43-43-21-11-000-0041
UPID
US18-0885459
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CPD · West Palm Beach, FLZoning CPD · permitted uses
CPD · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
111. - Parking and loading requirements. Sec. 94-112. - Alleys and public rights-of-way. Sec. 94-113. - Landscape and streetscape requirements. Sec. 94-114. - Urban core planning area. Sec. 94-115. - CityPlace district (CPD). Sec. 94-116. - ClearLake district (CLD). Sec. 94-117. - Cultural arts district (CAD). Sec. 94-118. - Quadrille garden district (QGD). Sec. 94-119. - Quadrille business district (QBD). Sec. 94-120. - Transit oriented d
Zone name
Commercial Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
1,034.97 ac
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$30.9M
RESTAURANT
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
2000
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
4
Buildings
2
Lot
4.73 ac
Current owner
From public records · entity-resolved
1100 Bany LLC
Entity
Mailing address
312 WALNUT ST, CINCINNATI, OH 45202-4024
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2025
—
1100 Banyan LLC
—
Deed
related
$25,000,000 · Synovus Bank
May 5, 2025
$40,000,000
1100 Bany LLC
Scripps Media INC
Special Warranty Deed
—
May 4, 2001
$16,908,000
Scripps Howard Broadcasting Co
Banyan Ltd
Grant Deed
—
Jan 6, 2000
—
Banyan Ltd
—
Grant Deed
related
$15,450,000 · Bank Of America
Oct 2, 1997
$2,500,000
Daniel S Catalfumo Ttee
First Bank Florida
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.
Try Rey
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