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Property profile & analytics
OFF-MARKET
Industrial land
1211 Spruce Ave West Palm Beach, FL 33401
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4321585
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Total area
1,253 SF
Lot
0.1 ac (4,495 SF)
Zoning code
NORA-2
APN
74-43-43-16-19-071-0092
UPID
US18-4321585
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
by Request
Owner & transaction history
Nora West Spruce Owner LLC · 3 yrs held
Nora West Spruce Owner LLC
since 2022
2 recorded transactions
Zoning & alternative use
NORA-2 · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
lematis waterfront district (CWD). Sec. 94-123. - Flagler waterfront district (FWD). Sec. 94-124. - North Railroad Avenue district (NoRA). Table IV-28: Building Requirements - NoRA-5 Table IV-29: Building Requirements - NoRA-2 Sec. 94-124. - Continued Sec. 94-125. - Loftin district (LD). Sec. 94-126. - Residential enclaves planning area. Sec. 94-127. - Brels…
Zone name
North Railroad Avenue District 2
General category
MIXED_USE
Zone area
8.48 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,035
Tax year 2023
Assessed value
$71,920
Assessed 2023
Previous assessed
$36,679
+96.1% YoY
Effective rate
1.44%
On assessed value
Assessed land
$71,920
Land market value
$71,920
Total market value
$71,920
Applied tax rate
74,407.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Stories
1
Total area
1,253 SF
Lot
0.1 ac (4,495 SF)
Zoning code
NORA-2
APN
74-43-43-16-19-071-0092
UPID
US18-4321585
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
NORA-2 · West Palm Beach, FLZoning NORA-2 · permitted uses
NORA-2 · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
lematis waterfront district (CWD). Sec. 94-123. - Flagler waterfront district (FWD). Sec. 94-124. - North Railroad Avenue district (NoRA). Table IV-28: Building Requirements - NoRA-5 Table IV-29: Building Requirements - NoRA-2 Sec. 94-124. - Continued Sec. 94-125. - Loftin district (LD). Sec. 94-126. - Residential enclaves planning area. Sec. 94-127. - Brelsford Park district (BPD). Sec. 94-128. - Northwest neighborhood district (NWD). Sec. 9
Zone name
North Railroad Avenue District 2
General category
MIXED_USE
Zone area
8.48 ac
Building & site characteristics
From public records
Heating
NONE
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Nora West Spruce Owner LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1105 N DIXIE HWY, WEST PALM BEACH, FL 33401-3333
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2022
—
Nora West Spruce Owner LLC
N Railroad Land LLC
Warranty Deed
—
Aug 19, 2021
$335,000
N Railroad Land LLC
Grace Norwich
Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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