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Property profile & analytics
OFF-MARKET
Estimated value
$7,765,000
Office buildings
1217 Flagler Dr West Palm Beach, FL 33401-6706
Individually Owned
1-yr Hold
Free & Clear
Property ID
US18-4877948
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1990
Construction
CONCRETE
Total area
6,561 SF
Lot
0.29 ac (12,628 SF)
Zoning code
POR
APN
74-43-43-27-26-001-0071
UPID
US18-4877948
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
-
Coudert Institute Charitable Organization Social Service Agency
-
Blink Charging Station Electric Vehicle Charging Station
-
Patrick J Mc Kenna Invstgtn Law Firm Security Service
-
Mark Rutherford LCSW Psychotherapist
-
Forté on Flagler Condominium Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.77M
Owner & transaction history
Phoenix1217 Flagler Road Investors · 1 yrs held
Phoenix1217 Flagler Road Investors
since 2025
Last sale
$8.5M
6 recorded transactions
Zoning & alternative use
POR · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.0M
+82.0%
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
$7,115,000
ML approach
$6,945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,020,000
Change: +82% · Conversion: Moderate
Blend value · Realmo final
$7.77M
Range $6.99M – $8.54M · ±10% · vs last sale $8.50M (May 9 2025)
Last sale anchor
$8.50M
May 9 2025
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
$1,184 / 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
$48,527
Tax year 2023
Assessed value
$2,593,317
Assessed 2023
Previous assessed
$2,072,534
+25.1% YoY
Effective rate
1.87%
On assessed value
Assessed land
$1,578,250
Assessed improvement
$1,015,067
Land market value
$1,578,250
Improvement market value
$1,015,067
Total market value
$2,593,317
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1990
Construction
CONCRETE
Heating
FORCED AIR
Cooling
NONE
Stories
3
Total area
6,561 SF
Lot
0.29 ac (12,628 SF)
Zoning code
POR
APN
74-43-43-27-26-001-0071
UPID
US18-4877948
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
POR · West Palm Beach, FL
Zoning POR · permitted uses
POR · 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
RESTAURANT
Est. value
$5.0M
RESTAURANT
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
1990
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
0.29 ac
Current owner
From public records · entity-resolved
Phoenix1217 Flagler Road Investors
Individual
Free & Clear · 1 yrs held
Mailing address
163 SEMINOLE AVE, PALM BEACH, FL 33480-3732
Ownership since
2025
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
Jul 28, 2025
—
Phoenix 1217 Flagler Road Investors
—
Deed
related
$6,375,000 · Signature Bank
May 9, 2025
$8,500,000
Phoenix1217 Flagler Road Investors
1217 South Flagler Drive LLC
Warranty Deed
—
Nov 14, 2008
—
1217 South Flagler Drive LLC
Rose Steven H Trust
Grant Deed
—
Feb 22, 2008
—
1309 South Flagler Drive LLC
Rose Steven H Trust
Grant Deed
related
—
—
—
Maribel Alvarez
—
Deed Of Trust
related
$450,000 · Colonial Bank
—
—
Maribel Alvarez
—
Deed Of Trust
related
$600,000 · Colonial 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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