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Property profile & analytics
FOR LEASE
Showrooms
11496 Pierson Rd, Wellington, FL 33414
Individually Owned
19-yr Hold
Free & Clear
Property ID
US18-5553014
For Lease
1 / 2
$2,985,000
11496 Pierson Rd, Wellington, FL 33414
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1983
Construction
CONCRETE
Total area
19,204 SF
Lot
1.18 ac (51,244 SF)
Zoning code
FLEX
APN
73-41-44-23-01-002-0000
UPID
US18-5553014
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
$2.99M
Owner & transaction history
Wellington Commerce Park I Psb · 19 yrs held
Wellington Commerce Park I Psb
since 2007
3 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$155 / 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
$54,510
Tax year 2023
Assessed value
$3,672,204
Assessed 2023
Previous assessed
$2,874,090
+27.8% YoY
Effective rate
1.48%
On assessed value
Assessed land
$690,796
Assessed improvement
$2,981,408
Land market value
$690,796
Improvement market value
$2,981,408
Total market value
$3,672,204
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
For Lease
Year built
1983
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
19,204 SF
Lot
1.18 ac (51,244 SF)
Zoning code
FLEX
APN
73-41-44-23-01-002-0000
UPID
US18-5553014
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
1983
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.18 ac
Current owner
From public records · entity-resolved
Wellington Commerce Park I Psb
Individual
Free & Clear · 19 yrs held
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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