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Property profile & analytics
OFF-MARKET
Estimated value
$16,900,000
Warehouses
1341 State Rd 7th 7 Wellington, FL 33414-6132
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-4613658
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Construction
CONCRETE
Total area
68,473 SF
Lot
4.47 ac (194,896 SF)
Zoning code
MUPD
APN
00-41-44-12-16-001-0010
UPID
US18-4613658
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
$10.82M
Comparable Approach
Comparable
$18.79M
Blend (final)
Blend
$16.90M
Owner & transaction history
Sst II 1341 S State Rd 7 LLC · 10 yrs held
Sst II 1341 S State Rd 7 LLC
since 2016
7 recorded transactions
Zoning & alternative use
MUPD · Wellington, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The MUPD is established to promote the design of mixed-use developments of land that includes a mix of residential, commercial, and office land uses and to provide for the efficient use of land by the integration of multiple uses within a single development.
Zone name
Multiple Use Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
499.62 ac
Source
Realmo
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 Wellington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wellington 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%
$11,715,000
6.5%
$10,815,000
7%
$10,040,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$27,235,000
Current use
COMMERCIAL (GENERAL)
$26,605,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$16.90M
Range $15.21M – $18.59M · ±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
$247 / 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
$229,694
Tax year 2023
Assessed value
$14,470,471
Assessed 2023
Previous assessed
$14,470,471
+0.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$1,884,654
Assessed improvement
$12,585,817
Land market value
$1,884,654
Improvement market value
$12,585,817
Total market value
$14,470,471
Applied tax rate
196.0000
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
9
Stories
3
Total area
68,473 SF
Lot
4.47 ac (194,896 SF)
Zoning code
MUPD
APN
00-41-44-12-16-001-0010
UPID
US18-4613658
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MUPD · Wellington, FLZoning MUPD · permitted uses
MUPD · Wellington, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The MUPD is established to promote the design of mixed-use developments of land that includes a mix of residential, commercial, and office land uses and to provide for the efficient use of land by the integration of multiple uses within a single development.
Zone name
Multiple Use Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
499.62 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$27.2M
COMMERCIAL (GENERAL)
Est. value
$26.6M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
9
Lot
4.47 ac
Current owner
From public records · entity-resolved
Sst II 1341 S State Rd 7 LLC
Entity
Mailing address
PO BOX 320099, ALEXANDRIA, VA 22320-4099
Ownership since
2016
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
Feb 12, 2019
—
Sst It 1341 S State Rd 7 LLC
—
Deed
related
$180,000,000 · Citi R/e Fndg INC
Jan 30, 2019
—
Sst II 1341 S State Rd 7 LLC
—
Deed
related
$145,000,000 · Keybank USA
Mar 27, 2017
—
Sst II 1341 S State Rd 7 LLC
—
Grant Deed
related
$500,000,000 · Keybank USA
Jun 8, 2016
$21,916,510
Sst II 1341 S State Rd 7 LLC
Wellington Storage LP
Grant Deed
$105,000,000 · Keybank USA
—
—
Sst II 1341 S State Rd 7 LLC
—
Loan Modification
related
$145,000,000 · Keybank USA
—
—
Sst It 1341 S State Rd 7 LLC
—
Loan Modification
related
$180,000,000 · Citi R/e Fndg INC
—
—
Storage Wellington
—
Deed Of Trust
related
$250,000 · Regions Bank
—
—
Storage Wellington
—
Deed Of Trust
related
$978,273 · Transamerica Life Insurance 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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