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Property profile & analytics
OFF-MARKET
Estimated value
$4,300,000
Strip malls
1330 Military Trl, West Palm Beach, FL 33415-5001
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-4299209
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
CONCRETE
Total area
10,422 SF
Lot
1.87 ac (81,300 SF)
Zoning code
UI
APN
00-42-44-12-00-000-1490
UPID
US18-4299209
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
-
Lala Dance Co Theater & Performing Art Venue Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.97M
CAP Approach
CAP
$2.59M
Comparable Approach
Comparable
$4.35M
Blend (final)
Blend
$4.30M
Owner & transaction history
Wpb Shops LLC · 1 yrs held
Wpb Shops LLC
since 2025
Last sale
$4.7M
6 recorded transactions
Zoning & alternative use
UI · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.2M
+102.3%
Medical building
$5.6M
+83.8%
Auto repair, garage
$5.4M
+74.8%
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
$3,895,000
ML approach
$3,965,000
CAP Approach
CAP Return
Estimation
6%
$2,805,000
6.5%
$2,590,000
7%
$2,405,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,070,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,205,000
Change: +102% · Conversion: Difficult
MEDICAL BUILDING
$5,640,000
Change: +84% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,365,000
Change: +75% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,350,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$4,325,000
Change: +41% · Conversion: Easy
WAREHOUSE, STORAGE
$4,145,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$4.30M
Range $3.87M – $4.73M · ±10% · vs last sale $4.65M (Jan 14 2025)
Last sale anchor
$4.65M
Jan 14 2025
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
$413 / 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
$55,602
Tax year 2023
Assessed value
$2,881,014
Assessed 2023
Previous assessed
$2,767,576
+4.1% YoY
Effective rate
1.93%
On assessed value
Assessed land
$1,292,702
Assessed improvement
$1,588,312
Land market value
$1,292,702
Improvement market value
$1,588,312
Total market value
$2,881,014
Applied tax rate
362.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
27
Total area
10,422 SF
Lot
1.87 ac (81,300 SF)
Zoning code
UI
APN
00-42-44-12-00-000-1490
UPID
US18-4299209
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
UI · West Palm Beach, FL
Zoning UI · permitted uses
UI · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$5.4M
INDUSTRIAL (GENERAL)
Est. value
$4.4M
RETAIL STORES
Est. value
$4.3M
WAREHOUSE, STORAGE
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1986
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
27
Lot
1.87 ac
Current owner
From public records · entity-resolved
Wpb Shops LLC
Entity
Mailing address
15801 BISCAYNE BLVD STE #203, AVENTURA, FL 33160-4601
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2025
$4,650,000
Wpb Shops LLC
Cg Plaza LLC
Warranty Deed
$3,050,000 · Banesco USA
Jan 24, 2023
—
Cg Plaza LLC
—
Deed
related
$2,625,000 · Elizon Db Transfer Agent LLC
Mar 30, 2021
$3,500,000
Cg Plaza LLC
Mpi Country Grove INC
Special Warranty Deed
$2,625,000 · Epo II Sbc 2018 1 LLC
Aug 7, 2008
—
Mpi/country Grove INC
David E Mackey III
Quit Claim Deed
related
$1,500,000 · Pacific Capital Bank NA
Sep 14, 1998
$1,100,000
Mpi/country Grove INC
Plaza Property Management INC
Grant Deed
$880,000 · Heller Financial
—
—
Mpi Of Country Grove INC
—
Deed Of Trust
related
$1,450,000 · Miscellaneous Ins 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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