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Property profile & analytics
FOR SALE
Strip malls
1209 Military Trl, West Palm Beach, FL 33415-4628
Entity Owned
11-yr Hold
Free & Clear
Property ID
US19-0762790
No photos on file
For Sale
$740,000
1209 Military Trl, West Palm Beach, FL 33415-4628
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
CONCRETE
Total area
8,610 SF
Lot
4.68 ac (203,983 SF)
Zoning code
UI
APN
00-42-44-12-00-000-3210
UPID
US19-0762790
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
-
Costa Azul Seafood Restaurant Restaurant
-
VERSALLES BEAUTY BAR Suite N.4 Hair Salon Nail Salon
-
VERSALLESFL BEAUTY Hair Salon Nail Salon
-
Mi Isla Pizzeria Cubana Restaurant
-
Monarca Beauty institute Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.81M
Owner & transaction history
Dreams Of Freedom LLC · 11 yrs held
Dreams Of Freedom LLC
since 2014
3 recorded transactions
Zoning & alternative use
UI · 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%
$2,320,000
6.5%
$2,140,000
7%
$1,990,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,535,000
Current use
Blend value · Realmo final
$1.81M
Range $1.62M – $1.99M · ±10%
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
$210 / 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
$104,348
Tax year 2023
Assessed value
$5,246,434
Assessed 2023
Previous assessed
$5,642,129
-7.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$2,039,840
Assessed improvement
$3,206,594
Land market value
$2,039,840
Improvement market value
$3,206,594
Total market value
$5,246,434
Applied tax rate
362.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
1988
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
5
Stories
1
Total area
8,610 SF
Lot
4.68 ac (203,983 SF)
Zoning code
UI
APN
00-42-44-12-00-000-3210
UPID
US19-0762790
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
UI · West Palm Beach, FL
Zoning UI · permitted uses
UI · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1988
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Lot
4.68 ac
Current owner
From public records · entity-resolved
Dreams Of Freedom LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 1875, BOCA RATON, FL 33429-1875
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Sep 25, 2014
$2,250,000
Dreams Of Freedom LLC
Brahim Brothers LLC
Grant Deed
—
Jan 5, 2009
$6,650,000
Brahim Brothers LLC
Summit Commons LLC
Grant Deed
$4,655,000 · Landmark Bank
Nov 10, 2005
$5,250,000
Summit Commons LLC
Distritank INC
Warranty Deed
$4,480,000 · Riverside National Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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