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Property profile & analytics
OFF-MARKET
Estimated value
$3,775,000
Grocery and convenience stores
1270 Palm Bch Lks Blvd West Palm Beach, FL 33401-2411
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-5393750
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2012
Construction
CONCRETE
Total area
2,504 SF
Lot
0.51 ac (22,359 SF)
Zoning code
GC
APN
74-43-43-09-07-011-0020
UPID
US18-5393750
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
$4.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.14M
Blend (final)
Blend
$3.78M
Owner & transaction history
Tropic Oil Company LLC · 4 yrs held
Tropic Oil Company LLC
since 2022
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
GC · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,080,000
ML approach
$4,155,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.78M
Range $3.40M – $4.15M · ±10% · vs last sale $3.75M (Jan 11 2022)
Last sale anchor
$3.75M
Jan 11 2022
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
$1,508 / 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
$35,221
Tax year 2023
Assessed value
$1,553,164
Assessed 2023
Previous assessed
$1,514,314
+2.6% YoY
Effective rate
2.27%
On assessed value
Assessed land
$857,097
Assessed improvement
$696,067
Land market value
$857,097
Improvement market value
$696,067
Total market value
$1,553,164
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2012
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
2,504 SF
Lot
0.51 ac (22,359 SF)
Zoning code
GC
APN
74-43-43-09-07-011-0020
UPID
US18-5393750
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
GC · West Palm Beach, FL
Zoning GC · permitted uses
GC · 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.
Building & site characteristics
From public records
Year built
2012
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Tropic Oil Company LLC
Entity
Free & Clear · 4 yrs held
Mailing address
240 4TH AVE SW STE 1800TH XX
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2022
$3,750,000
Tropic Oil Company LLC
Palm Beach Service Station LLC
Special Warranty Deed
—
May 12, 2014
$2,041,383
Palm Beach Service Station LLC
Vrg Properties Company
Special Warranty Deed
$1,525,994 · Ocean Bank
Oct 19, 2012
$2,735,047
Vrg Properties Co
Sands Petroleum Ventures LLC
Deed In Lieu Of Foreclosure
—
Jan 4, 2012
$700,000
Sands Petroleum Ventures LLC
Mars Dev Ltd
Grant Deed
—
Jul 30, 2007
$800,000
Mars Development Ltd
Florida 4c Properties LLC
Warranty Deed
$981,500 · Bankatlantic
Jul 28, 2000
—
Florida 4c Properties LLC
1260 Palm Beach Lake INC
Trustees Deed
related
—
Mar 16, 1998
$584,200
1260 Palm Beach Lakes INC
Embrys Citgo
Grant Deed
—
—
—
Mars Dev Ltd
—
Deed Of Trust
related
$806,328 · Bankatlantic Fsb
—
—
Sands Petroleum Ventures LLC
—
Deed Of Trust
related
$4,285,651 · Vtd Properties Co
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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