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Property profile & analytics
OFF-MARKET
Estimated value
$49,220,000
Office buildings
11750 Us Hwy 1st 300 Palm Beach Gardens, FL 33408-3023
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-2619989
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1990
Construction
STEEL FRAME
Total area
81,983 SF
Lot
10.87 ac (473,423 SF)
Zoning code
PO
APN
52-43-42-04-00-000-3050
UPID
US18-2619989
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
$46.90M
Comparable Approach
Comparable
$50.49M
Blend (final)
Blend
$49.22M
Owner & transaction history
Wfmhc Golden Bear Owner LLC · 6 yrs held
Wfmhc Golden Bear Owner LLC
since 2020
Last sale
$49.8M
7 recorded transactions
Zoning & alternative use
PO · Palm Beach Gardens, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$62.7M
+116.7%
Apartment house (5+ units)
$48.8M
+68.7%
Medical building
$44.4M
+53.3%
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 Beach Gardens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Beach Gardens 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$50,805,000
6.5%
$46,900,000
7%
$43,550,000
Alternative Use
Use
Estimation
RESTAURANT
$62,700,000
Change: +117% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$48,825,000
Change: +69% · Conversion: Easy
MEDICAL BUILDING
$44,365,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$42,195,000
Change: +46% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$34,225,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$34,020,000
Change: +18% · Conversion: Moderate
WAREHOUSE, STORAGE
$32,605,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$49.22M
Range $44.30M – $54.14M · ±10% · vs last sale $49.75M (May 28 2020)
Last sale anchor
$49.75M
May 28 2020
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
$600 / 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
$1,164,426
Tax year 2023
Assessed value
$61,859,199
Assessed 2023
Previous assessed
$60,391,424
+2.4% YoY
Effective rate
1.88%
On assessed value
Assessed land
$8,119,239
Assessed improvement
$53,739,960
Land market value
$8,119,239
Improvement market value
$53,739,960
Total market value
$61,859,199
Applied tax rate
52,401.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Stories
6
Total area
81,983 SF
Lot
10.87 ac (473,423 SF)
Zoning code
PO
APN
52-43-42-04-00-000-3050
UPID
US18-2619989
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PO · Palm Beach Gardens, FL
Zoning PO · permitted uses
PO · Palm Beach Gardens, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Beach Gardens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$62.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$48.8M
MEDICAL BUILDING
Est. value
$44.4M
AUTO REPAIR, GARAGE
Est. value
$42.2M
INDUSTRIAL (GENERAL)
Est. value
$34.2M
RETAIL STORES
Est. value
$34.0M
WAREHOUSE, STORAGE
Est. value
$32.6M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1990
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
6
Buildings
3
Lot
10.87 ac
Current owner
From public records · entity-resolved
Wfmhc Golden Bear Owner LLC
Entity
Mailing address
841 BISHOP ST STE #1700, HONOLULU, HI 96813-3915
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2020
$49,750,000
Wfmhc Golden Bear Owner LLC
Gb Palm Beach LLC
Special Warranty Deed
$40,000,000 · Manufacturers & Traders Trust Co
Sep 14, 2017
—
Terra Funding-gb LLC
—
Loan Modification
related
$30,500,000 · Wells Fargo Bk Nw N 2017c (ce)
Aug 1, 2017
—
Terra Funding-gb LLC
—
Deed
related
$13,250,000 · Wells Fargo Bk
Jul 28, 2017
$49,840,000
Gb Palm Beach LLC
Gb Investors LLC
Grant Deed
related
$44,300,000 · Vmc Lender LLC
Jul 28, 2017
—
Terra Funding-gb LLC
—
Deed
related
$28,000,000 · Wells Fargo Bk
Jun 15, 2006
—
Gb Investors LLC
Garden Plaza Investors LLC
Grant Deed
—
Dec 22, 2003
$32,250,000
Gardens Plaza Investors LLC
Griphon Marlins Investors Ltd
Grant Deed
$26,800,000 · Mellon Bank
Nov 13, 1997
$51,500,000
Griphon Marlins Investors Ltd
Gbp Holding Investments INC
Grant Deed
$17,600,000 · Central Park Capital LP
—
—
Terra Funding-gb LLC
—
Loan Modification
related
$28,000,000 · Wells Fargo Bk
—
—
Terra Funding-gb LLC
—
Loan Modification
related
$13,250,000 · Wells Fargo Bk
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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