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Property profile & analytics
OFF-MARKET
Estimated value
$1,700,000
Commercial real estate
1213 50th St Mangonia Park, FL 33407-2201
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-8878607
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1939
Construction
WOOD
Total area
2,269 SF
Lot
0.52 ac (22,503 SF)
Zoning code
I
APN
44-43-43-05-00-003-0100
UPID
US18-8878607
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
$1.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.70M
Owner & transaction history
A&f Investment Group Of Florida LLC · 2 yrs held
A&f Investment Group Of Florida LLC
since 2023
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
I · Mangonia Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to provide industrial uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
237.80 ac
Source
Realmo
Top alternative use upside
Medical building
$1.2M
+26.6%
Auto repair, garage
$1.2M
+20.4%
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 Mangonia Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mangonia Park 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
$1,605,000
ML approach
$1,680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,230,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,170,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$1.70M
Range $1.53M – $1.87M · ±10% · vs last sale $1.80M (Oct 25 2023)
Last sale anchor
$1.80M
Oct 25 2023
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
$749 / 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
$18,296
Tax year 2023
Assessed value
$768,683
Assessed 2023
Previous assessed
$698,361
+10.1% YoY
Effective rate
2.38%
On assessed value
Assessed land
$210,403
Assessed improvement
$558,280
Land market value
$210,403
Improvement market value
$558,280
Total market value
$768,683
Applied tax rate
44,407.0000
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1939
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
1
Total area
2,269 SF
Lot
0.52 ac (22,503 SF)
Zoning code
I
APN
44-43-43-05-00-003-0100
UPID
US18-8878607
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I · Mangonia Park, FLZoning I · permitted uses
I · Mangonia Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to provide industrial uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
237.80 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1939
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
A&f Investment Group Of Florida LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1213 50TH ST, MANGONIA PARK, FL 33407-2201
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2023
$1,800,000
A&f Investment Group Of Florida LLC
Jc Iron Ornamental Works INC
Warranty Deed
—
Sep 17, 2019
$885,000
Jc Iron Ornamental Works INC
Robinson,neville L & Enid V
Warranty Deed
$818,000 · Bank Of America
Mar 7, 2019
—
Neville L Robinson
—
Deed
related
$414,104 · Anchor Com'l Bk
May 23, 2012
—
Neville L Robinson
Robinson Real Estate Invs LLC
Quit Claim Deed
related
—
Jun 15, 2007
$35,500
Robinson Real Estate Investments Ll
Neville L Robinson
Quit Claim Deed
related
$640,000 · Anchor Commercial Bank
Aug 1, 1972
$1,000
Wilsie S Ovre
Mcgeorge,nellie
Warranty Deed
related
—
—
—
Neville L Robinson
—
Loan Modification
related
$414,104 · Anchor Com'l Bk
—
—
Neville Robinson
—
Deed Of Trust
related
$15,000 · Palm Beach County 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.
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