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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Commercial land
1200 Broadway Riviera Beach, FL 33404-6927
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US19-0495810
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1982
Total area
2,540 SF
Lot
0.45 ac (19,672 SF)
Zoning code
DC
APN
56-43-42-33-06-014-0130
UPID
US19-0495810
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
$1.60M
Owner & transaction history
Riviera Bch Cmnty Redev Agcy · 5 yrs held
Riviera Bch Cmnty Redev Agcy
since 2020
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
DC · Riviera Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Downtown Core
General category
COMMERCIAL
Zone area
117.03 ac
Source
Realmo
Top alternative use upside
Medical building
$1.4M
+138.2%
Auto repair, garage
$1.3M
+126.5%
Retail stores
$1.1M
+82.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,375,000
Change: +138% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,305,000
Change: +127% · Conversion: Difficult
RETAIL STORES
$1,055,000
Change: +83% · Conversion: Easy
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10% · vs last sale $1.98M (Oct 30 2020)
Last sale anchor
$1.98M
Oct 30 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
$630 / 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
Assessed value
$301,052
Assessed 2023
Previous assessed
$323,736
-7.0% YoY
Assessed land
$295,065
Assessed improvement
$5,987
Land market value
$295,065
Improvement market value
$5,987
Total market value
$301,052
Applied tax rate
56,407.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1982
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
2,540 SF
Lot
0.45 ac (19,672 SF)
Zoning code
DC
APN
56-43-42-33-06-014-0130
UPID
US19-0495810
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
DC · Riviera Beach, FLZoning DC · permitted uses
DC · Riviera Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Downtown Core
General category
COMMERCIAL
Zone area
117.03 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1982
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Riviera Bch Cmnty Redev Agcy
Individual
Mailing address
600 W BLUE HERON BLVD STE #1, RIVIERA BEACH, FL 33404-4311
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2020
$1,975,000
Riviera Bch Cmnty Redev Agcy
Gerald Properties LLC
Grant Deed
—
Mar 2, 2006
$1,100,000
Courtney Elizabeth Props LLC
South Atlantic Gas INC
Warranty Deed
—
Dec 7, 2004
—
South Atlantic Gas INC
—
Trustees Deed
related
$100,000 · R&r Travel
Aug 23, 1999
$285,000
South Atlantic Gas INC
New Global Holdings INC
Grant Deed
$293,500 · Commercial Capital
—
—
Courtney Elizabeth Props LLC
—
Deed Of Trust
related
$880,000 · International Maritime Ins Co
—
—
Gerald Properties LLC
—
Deed Of Trust
related
$20,000,000 · Suntrust Bank NA
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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