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Property profile & analytics
OFF-MARKET
Estimated value
$35,025,000
Retail space
1201 Us Hwy 1st 1 North Palm Beach, FL 33408-3550
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-2697284
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1982
Construction
CONCRETE
Total area
112,973 SF
Lot
7.89 ac (343,688 SF)
Zoning code
C-S
APN
68-43-42-09-10-000-0010
UPID
US18-2697284
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
$24.57M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$35.03M
Owner & transaction history
Crystal Cove Commons LLC · 4 yrs held
Crystal Cove Commons LLC
since 2021
Last sale
$36.2M
7 recorded transactions
Zoning & alternative use
C-S · North Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$58.1M
+24.0%
Industrial (general)
$47.2M
+0.6%
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 North Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$42,835,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$26,620,000
6.5%
$24,570,000
7%
$22,815,000
Alternative Use
Use
Estimation
RETAIL STORES
$46,880,000
Current use
AUTO REPAIR, GARAGE
$58,145,000
Change: +24% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$47,160,000
Change: +1% · Conversion: Difficult
WAREHOUSE, STORAGE
$44,935,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$43,900,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$35.03M
Range $31.52M – $38.53M · ±10% · vs last sale $36.24M (Dec 9 2021)
Last sale anchor
$36.24M
Dec 9 2021
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
$310 / 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
$641,251
Tax year 2023
Assessed value
$30,257,455
Assessed 2023
Previous assessed
$28,581,506
+5.9% YoY
Effective rate
2.12%
On assessed value
Assessed land
$6,833,813
Assessed improvement
$23,423,642
Land market value
$6,833,813
Improvement market value
$23,423,642
Total market value
$30,257,455
Applied tax rate
68,401.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1982
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
2
Stories
4
Total area
112,973 SF
Lot
7.89 ac (343,688 SF)
Zoning code
C-S
APN
68-43-42-09-10-000-0010
UPID
US18-2697284
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-S · North Palm Beach, FL
Zoning C-S · permitted uses
C-S · North Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Palm Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$46.9M
AUTO REPAIR, GARAGE
Est. value
$58.1M
INDUSTRIAL (GENERAL)
Est. value
$47.2M
WAREHOUSE, STORAGE
Est. value
$44.9M
COMMERCIAL (GENERAL)
Est. value
$43.9M
RETAIL STORES Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
4
Buildings
2
Lot
7.89 ac
Current owner
From public records · entity-resolved
Crystal Cove Commons LLC
Entity
Mailing address
300 AVE OF CHAMPIONS STE #140, PALM BEACH GARDENS, FL 33418-3615
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2021
$36,235,000
Crystal Cove Commons LLC
Pearland Rjr LLC
Special Warranty Deed
$5,000,000 · City National Bank Of Florida
May 29, 2020
—
Pearland Rjr LLC
—
Deed
related
$2,000,000 · First Nat'l Bk/s Miami
Dec 11, 2019
—
Pearland Rjr LLC
—
Deed
related
$10,220,000 · First Nat'l Bk/s Miami
Sep 21, 2018
—
Pearland Rjr LLC
—
Deed
related
$12,019,418 · First Nat'l Bk/s Miami
Jan 22, 2018
—
Pearland Rjr LLC
—
Deed
related
$10,180,657 · First Nat'l Bk/s Miami
Oct 31, 2016
$14,000,000
Pearland Rjr LLC
Crystal Tree Property Owner LLC
Warranty Deed
—
Jan 14, 2005
$16,000,000
Crystal Tree Prop Owner LLC
Crystal Tree Npb LLC
Warranty Deed
$14,200,000 · Legg Mason Real Estate Capital
Feb 27, 2003
$11,975,000
Crystal Tree Npb LLC
Intervest-crystal Tree LP
Grant Deed
related
—
—
—
Intervest-crystal Tree LP
—
Deed Of Trust
related
$7,400,000 · Prudential Mortgage Capital Co
—
—
Pearland Rjr LLC
—
Loan Modification
related
$10,220,000 · First Nat'l Bk/s Miami
—
—
Crystal Tree Prop Owner LLC
—
Deed Of Trust
related
$19,000,000 · Marathon R/e Cdo 2006-1 Ltd
—
—
Design Properties LLC
—
Deed Of Trust
related
$1,808,000 · Bank Of America
—
—
Crystal Tree Prop Owner LLC
—
Deed Of Trust
related
$4,800,000 · Marathon Structured Fin Fu
—
—
Pearland Rjr LLC
—
Loan Modification
related
$2,000,000 · First Nat'l Bk/s Miami
—
—
Pearland Rjr LLC
—
Loan Modification
related
$10,180,657 · First Nat'l Bk/s Miami
—
—
Pearland Rjr LLC
—
Loan Modification
related
$12,019,418 · First Nat'l Bk/s Miami
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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