Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1240 13th St Riviera Beach, FL 33404-6639

    • Manufacturing properties
    • 41,909 SF
    • 2.73 lot acres
    OFF-MARKET
    Value Estimations
    $5,495,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5792030
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 1240 13th St

    Year built
    1974
    Construction
    CONCRETE
    Lot size
    2.73 lot acres
    Property size
    41,909 SF
    Zone code
    IG
    Property type
    Manufacturing properties
    APN
    56-43-42-32-21-001-0000
    APU
    56434232210010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,405,000
      6.5%
      $5,915,000
      7%
      $5,490,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Riviera Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0728
    Latitude
    26.7743
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $79,175
    $970,771
    $2,754,391
    $3,725,162
    -
    $970,771
    $2,754,391
    $3,725,162

    Comparable in this City

    • Value Estimation
      $675,000
      4,800 SF

      601 Ave S Ave

      MANUFACTURING (LIGHT) • 4,800 SF
      601 Ave S Ave, Riviera Beach, FL 33404-7112
      View Details
    • Value Estimation
      $2,405,000
      16,934 SF

      834 13th Ct, Unit 3

      MANUFACTURING (LIGHT) • 16,934 SF
      834 13th Ct, Riviera Beach, FL 33404-6727
      View Details
    • Value Estimation
      $4,120,000
      39,189 SF

      7305 Gdn Rd

      MANUFACTURING (LIGHT) • 39,189 SF
      7305 Gdn Rd, Riviera Beach, FL 33404-3407
      View Details
    • Value Estimation
      $1,375,000
      14,370 SF

      863 13th Ct

      MANUFACTURING (LIGHT) • 14,370 SF
      863 13th Ct, Riviera Beach, FL 33404-6729
      View Details
    • Value Estimation
      $950,000
      9,768 SF

      3615 Fiscal Ct

      MANUFACTURING (LIGHT) • 9,768 SF
      3615 Fiscal Ct, West Palm Beach, FL 33404-1724
      View Details
    • Value Estimation by Request
      0.93 Acres

      3300 Ave K K

      MANUFACTURING (LIGHT) • 0.93 Acres
      3300 Ave K K, Riviera Beach, FL 33404-2138
      View Details

    Similar Nearby for Sale

    • $335,000
      1,000 SF

      Riviera Beach Flex Condo

      Corner flex condo in established industrial park with drive-in access.
      3680 Investment Ln, Riviera Beach, FL 33404
      View Details
    • Contact for pricing
      Pending

      3,695 SF Flex Space Available

      Flex space available for sale, totaling 3,695 square feet.
      6557 Garden Rd, Riviera Beach, FL 33404
      View Details
    • Contact for pricing

      Industrial Space with Loading Dock

      5,500 sqft industrial space featuring a loading dock.
      3541 Dr Martin Luther King Jr Blvd, Riviera Beach, FL 33404
      View Details
    • $120,000

      Established Restaurant in Riviera Beach

      Turn-key Caribbean restaurant with seller financing in Riviera Beach, FL.
      9999 W Blue Heron Blvd, Riviera Beach, FL 33404
      View Details
    • $249,000

      Riviera Beach Vacant Oversized Lot

      Oversized vacant lot with potential for subdivision in Riviera Beach.
      172 W 16Th St, Riviera Beach, FL 33404
      View Details
    • New
      $950,000
      3,080 SF

      Riviera Beach Duplex Townhomes

      Newly constructed duplex with spacious townhomes in Riviera Beach.
      1547 W 26Th Ct, Riviera Beach, FL 33404
      View Details

    Similar Nearby for Lease

    • $29 SF/Yr
      54,078 SF

      Business Park One: West Palm Beach

      Flex Space, Warehouse, Manufacturing
      3866 Prospect Ave, West Palm Beach, FL 33404
      View Details
    • $0.14 SF/Yr
      2,134 SF

      Riviera Beach Flex Space For Lease

      Prime location, high visibility, flex space.
      1601 Broadway, Riviera Beach, FL 33404
      View Details
    • Contact for pricing
      2,400 SF

      Industrial Space Available For Rent

      2400 square feet industrial property for rent.
      8360 Currency Dr, West Palm Beach, FL 33404
      View Details
    • Contact for pricing
      9,405 SF

      West Palm Beach Warehouse Space

      Tilt-up concrete warehouse with dock high loading near I-95.
      3900 Fiscal Ct, West Palm Beach, FL 33404
      View Details
    • $17 SF/Yr

      3750 Prospect Ave

      Large Freestanding Industrial Building - 21,590 sf
      3750 Prospect Ave, West Palm Beach, FL 33404
      View Details
    • Contact for pricing
      5,270 SF

      Industrial Space in West Palm Beach

      5,270 SF industrial property available for lease.
      3748 Prospect Ave, West Palm Beach, FL 33404
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1240 13th St
    Riviera Beach, FL 33404-6639
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!