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Property profile & analytics
OFF-MARKET
Estimated value
$6,115,000
Car washes
1275 Military Trl West Palm Beach, FL 33409-6014
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-1120470
Property profile
Verified
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Year built
2019
Construction
CONCRETE
Total area
6,693 SF
Lot
1.42 ac (61,825 SF)
Zoning code
CG
APN
00-42-43-25-39-001-0000
UPID
US18-1120470
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
-
Whistle Express Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.40M
Blend (final)
Blend
$6.12M
Owner & transaction history
Military Trail Express Wash LLC · 3 yrs held
Military Trail Express Wash LLC
since 2022
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
CG · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.1M
+48.6%
Apartment house (5+ units)
$4.0M
+15.7%
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
$6,525,000
ML approach
$6,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,120,000
Change: +49% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,985,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$6.12M
Range $5.50M – $6.73M · ±10% · vs last sale $6.00M (Sep 15 2022)
Last sale anchor
$6.00M
Sep 15 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
$914 / 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
$50,703
Tax year 2023
Assessed value
$2,994,282
Assessed 2023
Previous assessed
$2,847,256
+5.2% YoY
Effective rate
1.69%
On assessed value
Assessed land
$1,098,012
Assessed improvement
$1,896,270
Land market value
$1,098,012
Improvement market value
$1,896,270
Total market value
$2,994,282
Applied tax rate
197.0000
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
Car washes
Use group
CAR WASH - AUTOMATED
Status
Off-Market
Year built
2019
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
4
Total area
6,693 SF
Lot
1.42 ac (61,825 SF)
Zoning code
CG
APN
00-42-43-25-39-001-0000
UPID
US18-1120470
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · West Palm Beach, FL
Zoning CG · permitted uses
CG · 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
$5.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.0M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2019
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
1.42 ac
Current owner
From public records · entity-resolved
Military Trail Express Wash LLC
Entity
Free & Clear · 3 yrs held
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2022
—
Military Trail Express Wash LLC
Realty Income Properties 19 LLC
Lease
—
Sep 15, 2022
$6,000,000
Realty Income Properties 19 LLC
Kachachi LLC
Special Warranty Deed
—
Aug 16, 2018
$1,100,000
Kachachi LLC
1275 North LLC
Warranty Deed
$4,584,000 · Bankunited NA
Feb 23, 2007
$455,000
Tractor Properties LLC
Charles L JR
Warranty Deed
$541,852 · Harbor Fsb
Nov 20, 2006
—
Riendeau,charles JR & Sue
—
Deed Of Trust
related
$200,000 · Sazant Larry S (te)
Jun 19, 2006
—
Riendeau,charles L JR & Sue
Slattery Electric INC
Quit Claim Deed
related
—
May 9, 2000
$380,000
Roberta Cotton
Sanders,marcus E
Grant Deed
$320,000 · Seller
—
—
Tractor Properties LLC
—
Deed Of Trust
related
$355,000 · Harbor Fsb
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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