Back to Search
Property profile & analytics
FOR LEASE
Community centers
11201 Us Highway 1 North Palm Beach, FL 33408
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5021563
For Lease
1 / 4
$32 SF/Yr
11201 Us Highway 1, North Palm Beach, FL 33408
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1999
Construction
CONCRETE
Total area
31,392 SF
Lot
10.61 ac (461,971 SF)
Zoning code
C-S
APN
68-43-42-04-31-001-0000
UPID
US18-5021563
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Shoppes At City Centre LLC · 4 yrs held
Shoppes At City Centre LLC
since 2022
Last sale
$19.0M
4 recorded transactions
Zoning & alternative use
C-S · North 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 North Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$608,271
Tax year 2023
Assessed value
$28,631,139
Assessed 2023
Previous assessed
$25,449,254
+12.5% YoY
Effective rate
2.12%
On assessed value
Assessed land
$12,011,298
Assessed improvement
$16,619,841
Land market value
$12,011,298
Improvement market value
$16,619,841
Total market value
$28,631,139
Applied tax rate
68,401.0000
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
For Lease
Year built
1999
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
31,392 SF
Lot
10.61 ac (461,971 SF)
Zoning code
C-S
APN
68-43-42-04-31-001-0000
UPID
US18-5021563
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-S · North Palm Beach, FL
Zoning C-S · permitted uses
C-S · North Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Palm Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
10.61 ac
Current owner
From public records · entity-resolved
Shoppes At City Centre LLC
Entity
Mailing address
12800 US HWY 1ST STE #200, JUNO BEACH, FL 33408-2203
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2022
$36,000,000
Shoppes At City Centre LLC
Jb Shoppes Lllp
Special Warranty Deed
related
$23,500,000 · Ithink Financial Cu
Sep 1, 2015
$19,000,000
Jp Shoppes Lllp
Cf West Palm Office LP
Special Warranty Deed
$12,350,000 · Goldman Sachs Mortgage Company
Mar 9, 2007
$18,815,000
Cfo2 Palm Beach III LP
Wolfchase Associates LLC
Special Warranty Deed
$13,365,000 · Jpmorgan Chase Bank NA
Jun 16, 2003
$13,900,000
Wolfchase Associates LLC
North Palm Properties Ltd
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
