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Property profile & analytics
OFF-MARKET
Estimated value
$20,785,000
Warehouses
1247 45th St Mangonia Park, FL 33407-2159
Individually Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US19-0844377
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Construction
CONCRETE
Total area
73,934 SF
Lot
5.09 ac (221,542 SF)
Zoning code
SC
APN
44-43-43-05-24-000-0020
UPID
US19-0844377
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
$23.87M
Blend (final)
Blend
$20.79M
Owner & transaction history
Public Storage · 15 yrs held
Public Storage
since 2010
7 recorded transactions
Zoning & alternative use
SC · Mangonia Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to provide a group of commercial establishments, planned, developed, owned, and managed as a unit, with off street parking provided on the property, and related in size and type of shops to the trade area that the unit serves, generally in an outlying or suburban territory
Zone name
Shopping Center
General category
COMMERCIAL
Zone area
17.70 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$31.6M
+11.5%
Industrial (general)
$30.9M
+8.9%
Retail stores
$30.7M
+8.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$28,350,000
Current use
COMMERCIAL (GENERAL)
$31,600,000
Change: +11% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$30,865,000
Change: +9% · Conversion: Easy
RETAIL STORES
$30,680,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$20.79M
Range $18.71M – $22.86M · ±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
$281 / 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
$414,386
Tax year 2023
Assessed value
$18,877,983
Assessed 2023
Previous assessed
$18,877,983
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$1,466,601
Assessed improvement
$17,411,382
Land market value
$1,466,601
Improvement market value
$17,411,382
Total market value
$18,877,983
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
6
Stories
3
Total area
73,934 SF
Lot
5.09 ac (221,542 SF)
Zoning code
SC
APN
44-43-43-05-24-000-0020
UPID
US19-0844377
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
SC · Mangonia Park, FLZoning SC · permitted uses
SC · 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 a group of commercial establishments, planned, developed, owned, and managed as a unit, with off street parking provided on the property, and related in size and type of shops to the trade area that the unit serves, generally in an outlying or suburban territory
Zone name
Shopping Center
General category
COMMERCIAL
Zone area
17.70 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$28.4M
COMMERCIAL (GENERAL)
Est. value
$31.6M
INDUSTRIAL (GENERAL)
Est. value
$30.9M
RETAIL STORES
Est. value
$30.7M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2006
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Buildings
6
Lot
5.09 ac
Current owner
From public records · entity-resolved
Public Storage
Individual
Free & Clear · 15 yrs held
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Nov 23, 2010
$2,900,000
Public Storage
Redus Florida Commercial LLC
Grant Deed
—
Jul 6, 2010
$12,720,000
Redus Florida Commercial LLC
Ss Mangonia Park LLC
Grant Deed
—
Jun 26, 2007
$15,500,000
Ss Mangonia Park LLC
Gt Dev LLC
Trustees Deed
$12,720,000 · Wachovia Bank NA
Jul 1, 2005
—
Gt Dev LLC
—
Trustees Deed
related
$6,349,183 · Wachovia Bank NA
Jan 13, 2005
$1,600,000
Gt Dev LLC
Journeys Inn 45th Street LLC
Warranty Deed
—
Jul 28, 1999
$953,600
Journeys Inn 45th St LLC
Hendricks Investment Corp Palm
Grant Deed
$715,000 · Seller
—
—
Gt Dev LLC
—
Deed Of Trust
related
$300,000 · Wachovia Bank NA
—
—
Ss Mangonia Park LLC
—
Deed Of Trust
related
$12,720,000 · Wachovia Bank NA
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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