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Property profile & analytics
OFF-MARKET
Estimated value
$9,775,000
Industrial properties
1318 Mercer Ave West Palm Beach, FL 33401-6840
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US18-3596150
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2006
Construction
CONCRETE
Total area
59,141 SF
Lot
2.76 ac (120,404 SF)
Zoning code
I
APN
74-43-43-28-14-000-0041
UPID
US18-3596150
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
-
Sewell Hardware Co., Inc. Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.67M
Blend (final)
Blend
$9.78M
Owner & transaction history
Sloans Warehouse INC · 23 yrs held
Sloans Warehouse INC
since 2003
7 recorded transactions
Zoning & alternative use
I · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.78M
Range $8.80M – $10.75M · ±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
$165 / 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
$85,963
Tax year 2023
Assessed value
$7,583,933
Assessed 2023
Previous assessed
$6,877,571
+10.3% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,544,783
Assessed improvement
$6,039,150
Land market value
$1,544,783
Improvement market value
$6,039,150
Total market value
$7,583,933
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
1
Total area
59,141 SF
Lot
2.76 ac (120,404 SF)
Zoning code
I
APN
74-43-43-28-14-000-0041
UPID
US18-3596150
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I · West Palm Beach, FL
Zoning I · permitted uses
I · 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
2006
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
2.76 ac
Current owner
From public records · entity-resolved
Sloans Warehouse INC
Entity
Mailing address
PO BOX 1080, WEST PALM BEACH, FL 33402-1080
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2021
—
Sewell Hardware Company INC
—
Deed
related
$1,100,000 · First Horizon Bank
Feb 18, 2005
—
Sewell Hardware Co INC
—
Trustees Deed
related
$2,500,000 · Wachovia Bank NA
Jan 16, 2003
$600,000
Sloans Warehouse INC
1261 Old Okeechobee Rd Holding
Grant Deed
—
Apr 3, 2002
$282,600
Janice A Salvatore
Divosta & Co INC
Grant Deed
$145,000 · Home Mortgage Co Palm Beaches
Apr 23, 2001
$650,000
Sewell Hardware Co INC
Avaya INC
Grant Deed
$960,000 · Palm Beach Nat'l Bank & Trust
Oct 2, 2000
$600,000
Avaya INC
Lucent Technoloies INC
Quit Claim Deed
related
—
—
—
Antonez E Tucker
—
Deed Of Trust
related
$13,188 · Citifinancial Equity Svcs INC
—
—
National Fisheries INC
—
Deed Of Trust
related
$615,000 · First Union National Bank
—
—
Sloans Warehouse INC
—
Deed Of Trust
related
$472,000 · Wachovia Bank NA
—
—
Jeffrey P Cummings
—
Deed Of Trust
related
$107,000 · Independence Mortgage
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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