New search
Property profile & analytics
FOR LEASE
Community centers
1133 SW Martin Downs Blvd, Palm City, FL 34990
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4554841
For Lease
1 / 4
$1,585/Mo
1133 SW Martin Downs Blvd, Palm City, FL 34990
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1983
Total area
3,300 SF
Lot
0.28 ac (12,284 SF)
APN
17-38-41-010-011-00040-5
UPID
US18-4554841
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
-
Golden Raes Head Spa Alternative Medicine Practice Spa & Massage Center
-
Fallyn beauty Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$965k
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$670k
Blend (final)
Blend
$835k
Owner & transaction history
Bmf Realty LLC · 4 yrs held
Bmf Realty LLC
since 2021
Last sale
$850,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$890,000
+82.9%
Medical building
$785,000
+61.5%
Commercial (general)
$750,000
+54.2%
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 City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm City 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
$985,000
ML approach
$965,000
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$680,000
7%
$630,000
Alternative Use
Use
Estimation
RETAIL STORES
$890,000
Change: +83% · Conversion: Easy
MEDICAL BUILDING
$785,000
Change: +61% · Conversion: Difficult
COMMERCIAL (GENERAL)
$750,000
Change: +54% · Conversion: Easy
Blend value · Realmo final
$835k
Range $752k – $919k · ±10% · vs last sale $850k (Nov 18 2021)
Last sale anchor
$850k
Nov 18 2021
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
$253 / 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
$12,228
Tax year 2023
Assessed value
$732,360
Assessed 2023
Previous assessed
$716,280
+2.2% YoY
Effective rate
1.67%
On assessed value
Assessed land
$216,530
Assessed improvement
$515,830
Land market value
$216,530
Improvement market value
$515,830
Total market value
$732,360
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
1983
Heating
NONE
Cooling
YES
Stories
1
Rooms
1
Bathrooms
5
Total area
3,300 SF
Lot
0.28 ac (12,284 SF)
APN
17-38-41-010-011-00040-5
UPID
US18-4554841
Jurisdiction
MARTIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$890,000
MEDICAL BUILDING
Est. value
$785,000
COMMERCIAL (GENERAL)
Est. value
$750,000
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1983
Heating
NONE
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
5
Lot
0.28 ac
Current owner
From public records · entity-resolved
Bmf Realty LLC
Entity
Mailing address
5612 SW PEACH PALM PL, PALM CITY, FL 34990-8632
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2021
$850,000
Bmf Realty LLC
Map Holdings Dp LLC
Warranty Deed
—
Mar 11, 2019
—
Map Holdings Dp LLC
—
Deed
related
$145,000 · Mainstreet Community Bank Of Florida
Jan 30, 2018
$250,000
Map Holdings Dp LLC
Palanti,judith A
Warranty Deed
—
Oct 23, 1998
$250,000
William E Palanti
Shawver,c F
Grant Deed
$200,000 · First National Bank & Trust Co
—
—
Judith A Palanti
—
Deed Of Trust
related
$51,075 · Bankatlantic Fsb
—
—
Judith A Palanti
—
Deed Of Trust
related
$28,725 · Lucille R Church
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.
