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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Retail space
118 Clematis St West Palm Beach, FL 33401-5511
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-1090486
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Construction
WOOD
Total area
4,500 SF
Lot
0.05 ac (2,248 SF)
Zoning code
CWD-CD
APN
74-43-43-22-31-000-0100
UPID
US18-1090486
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
-
One18 Restaurant & Lounge Restaurant
-
Bodega Taqueria y Tequila Restaurant
-
Bodega Taqueria y Tequila WPB Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$980k
Comparable Approach
Comparable
$872k
Blend (final)
Blend
$1.04M
Owner & transaction history
Centurian North II LLC · 1 yrs held
Centurian North II LLC
since 2024
Last sale
$1.1M
5 recorded transactions
Zoning & alternative use
CWD-CD · West Palm Beach, 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 West Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Palm 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,060,000
6.5%
$980,000
7%
$910,000
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10% · vs last sale $1.15M (Aug 5 2024)
Last sale anchor
$1.15M
Aug 5 2024
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
$230 / 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
$29,187
Tax year 2023
Assessed value
$1,142,800
Assessed 2023
Previous assessed
$1,141,422
+0.1% YoY
Effective rate
2.55%
On assessed value
Assessed land
$427,120
Assessed improvement
$715,680
Land market value
$427,120
Improvement market value
$715,680
Total market value
$1,142,800
Applied tax rate
84,407.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1925
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
4,500 SF
Lot
0.05 ac (2,248 SF)
Zoning code
CWD-CD
APN
74-43-43-22-31-000-0100
UPID
US18-1090486
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CWD-CD · West Palm Beach, FL
Zoning CWD-CD · permitted uses
CWD-CD · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Palm Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1925
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
Centurian North II LLC
Entity
Mailing address
450 FASHION AVE FL #45, NEW YORK, NY 10123-4599
Ownership since
2024
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
Nov 5, 2024
$1,145,000
Centurian North II LLC
I & G Partners A Nj General Prtnrsh
Special Warranty Deed
—
Sep 29, 2021
—
Bodega Wpb LLC
—
Deed
related
$209,000 · Entertainment Assistant LLC
Nov 22, 2011
$1,150,000
I Partners
118 Clematis Realty LLC
Warranty Deed
—
Apr 20, 2001
$840,000
Clematis Realty LLC
Kocha,stuart E & Maria E
Grant Deed
$630,000 · Colonial Bank
—
—
118 Clematis Realty LLC
—
Deed Of Trust
related
$890,000 · Enterprise Nat'l Bank Palm Bea
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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