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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Showrooms
11420 Fortune Cir, Wellington, FL 33414-8743
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-0131746
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1989
Construction
CONCRETE
Total area
27,385 SF
Lot
2.01 ac (87,451 SF)
Zoning code
FLEX
APN
73-41-44-23-02-000-0090
UPID
US18-0131746
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
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$565k
Owner & transaction history
Christian Zielinski · 3 yrs held
Christian Zielinski
since 2023
Last sale
$520,000
5 recorded transactions
Zoning & alternative use
FLEX · Wellington, 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 Wellington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wellington 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
$490,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $520k (Dec 1 2021)
Last sale anchor
$520k
Dec 1 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
$21 / 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
$80,082
Tax year 2023
Assessed value
$5,236,583
Assessed 2023
Previous assessed
$5,236,583
+0.0% YoY
Effective rate
1.53%
On assessed value
Assessed land
$942,722
Assessed improvement
$4,293,861
Land market value
$942,722
Improvement market value
$4,293,861
Total market value
$5,236,583
Applied tax rate
73,486.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1989
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
27,385 SF
Lot
2.01 ac (87,451 SF)
Zoning code
FLEX
APN
73-41-44-23-02-000-0090
UPID
US18-0131746
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
FLEX · Wellington, FL
Zoning FLEX · permitted uses
FLEX · Wellington, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wellington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.01 ac
Current owner
From public records · entity-resolved
Christian Zielinski
Individual
Mailing address
13588 PO BOX 3879TH PL N, CHICAGO, IL 60690-3879
Ownership since
2023
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
Apr 21, 2023
$660,000
Christian Zielinski
Cjc 12 Holding LLC
Warranty Deed
$396,000 · Plains Commerce Bank
Dec 1, 2021
$520,000
Tyrone J Minton
Cjc Homes LLC
Warranty Deed
$494,000 · United Wholesale Mortgage
Jun 13, 2007
—
Wellington Commerce Park I Psb
Commerce Park Of Palm Bch Cnty Ll
Quit Claim Deed
related
—
Dec 15, 2006
$13,740,000
Wellington Commerce Park I Psb
Commerce Park Of Palm Bch Cnty Ll
Warranty Deed
—
May 13, 2004
—
Commerce Park Of Palm Beach Co
—
Deed Of Trust
related
$10,600,000 · Principal Life Insurance 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.
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