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Property profile & analytics
OFF-MARKET
Estimated value
$1,705,000
Turn key restaurants
1146 Blue Heron Blvd Riviera Beach, FL 33404-4738
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-3904149
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1952
Construction
WOOD
Total area
2,493 SF
Lot
0.21 ac (8,960 SF)
Zoning code
DG
APN
56-43-42-27-04-000-5090
UPID
US18-3904149
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
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.71M
Owner & transaction history
368 E 148th Street Associates LLC · 3 yrs held
368 E 148th Street Associates LLC
since 2023
Last sale
$1.9M
5 recorded transactions
Zoning & alternative use
DG · Riviera Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Downtown General
General category
COMMERCIAL
Zone area
161.00 ac
Source
Realmo
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 Riviera Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riviera 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
$1,650,000
ML approach
$1,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.71M
Range $1.53M – $1.88M · ±10% · vs last sale $1.85M (Apr 27 2023)
Last sale anchor
$1.85M
Apr 27 2023
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
$684 / 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
$15,395
Tax year 2023
Assessed value
$843,504
Assessed 2023
Previous assessed
$713,450
+18.2% YoY
Effective rate
1.83%
On assessed value
Assessed land
$376,404
Assessed improvement
$467,100
Land market value
$376,404
Improvement market value
$467,100
Total market value
$843,504
Applied tax rate
56,401.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1952
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
2,493 SF
Lot
0.21 ac (8,960 SF)
Zoning code
DG
APN
56-43-42-27-04-000-5090
UPID
US18-3904149
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
DG · Riviera Beach, FLZoning DG · permitted uses
DG · Riviera Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Downtown General
General category
COMMERCIAL
Zone area
161.00 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1952
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
368 E 148th Street Associates LLC
Entity
Free & Clear · 3 yrs held
Mailing address
400 PARK AVE S APT 28D, NEW YORK, NY 10016-8851
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 27, 2023
$1,850,000
368 E 148th Street Associates LLC
Florida Bound Properties LLC
Warranty Deed
—
Apr 2, 2013
$300,000
Florida Bound Properties LLC
Werlinsky,marvin E & Paula A
Warranty Deed
—
Dec 17, 2008
$650,000
Marvin E Werlinsky
Eddie O Ents LLC
Quit Claim Deed
related
—
Nov 8, 2005
$700,000
Eddie O Ents LLC
Werlinsky,marvin E & Paula A
Warranty Deed
$650,000 · Marvin E & Paula A Werlinsky
May 9, 2003
$14,000
Daniel A Mcgory
Palm Beach Resort Dev Group
Grant Deed
related
$11,086 · Palm Beach Resort Dev Group
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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