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Property profile & analytics
OFF-MARKET
Estimated value
$11,405,000
Retail space
139 County Rd Palm Beach, FL 33480-3908
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5389133
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1926
Construction
WOOD
Total area
35,992 SF
Lot
1.36 ac (59,242 SF)
Zoning code
C-TS
APN
50-43-43-15-09-000-0140
UPID
US18-5389133
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
-
Paramount Building Cinema Theater & Performing Art Venue
-
Palm Beach Civic Association Inc Community Center
-
Liman Studio Gallery Art Gallery
-
Park Limousine Limousine Service Airport Shuttle Service
-
denise m hull Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.67M
CAP Approach
CAP
$9.37M
Comparable Approach
Comparable
$8.00M
Blend (final)
Blend
$11.41M
Owner & transaction history
Weg Paramount LLC · 5 yrs held
Weg Paramount LLC
since 2021
Last sale
$14.0M
7 recorded transactions
Zoning & alternative use
C-TS · Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$17.8M
+23.9%
Commercial (general)
$16.9M
+18.0%
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 Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$11,665,000
CAP Approach
CAP Return
Estimation
6%
$10,145,000
6.5%
$9,365,000
7%
$8,695,000
Alternative Use
Use
Estimation
RETAIL STORES
$14,350,000
Current use
AUTO REPAIR, GARAGE
$17,775,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$16,930,000
Change: +18% · Conversion: Easy
OFFICE BUILDING
$14,275,000
Change: -1% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$14,220,000
Change: -1% · Conversion: Moderate
MEDICAL BUILDING
$14,185,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$11.41M
Range $10.26M – $12.55M · ±10% · vs last sale $14.00M (Mar 23 2021)
Last sale anchor
$14.00M
Mar 23 2021
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
$317 / 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
$218,506
Tax year 2023
Assessed value
$13,297,756
Assessed 2023
Previous assessed
$12,574,160
+5.8% YoY
Effective rate
1.64%
On assessed value
Assessed land
$7,192,152
Assessed improvement
$6,105,604
Land market value
$7,192,152
Improvement market value
$6,105,604
Total market value
$13,297,756
Applied tax rate
50,411.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1926
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
3
Total area
35,992 SF
Lot
1.36 ac (59,242 SF)
Zoning code
C-TS
APN
50-43-43-15-09-000-0140
UPID
US18-5389133
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-TS · Palm Beach, FL
Zoning C-TS · permitted uses
C-TS · Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$14.4M
AUTO REPAIR, GARAGE
Est. value
$17.8M
COMMERCIAL (GENERAL)
Est. value
$16.9M
OFFICE BUILDING
Est. value
$14.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.2M
MEDICAL BUILDING
Est. value
$14.2M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1926
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Lot
1.36 ac
Current owner
From public records · entity-resolved
Weg Paramount LLC
Entity
Mailing address
275 SW 3RD AVE, SOUTH BAY, FL 33493-2221
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2021
$14,000,000
Weg Paramount LLC
Paramount Church INC
Warranty Deed
$11,200,000 · Chambers Bank
Nov 5, 2020
—
Paramount Church INC
—
Deed
related
$3,000,000 · Paramount Invs
—
—
Paramount Church INC
—
Deed Of Trust
related
$1,750,000 · Fidelity Federal Bank & Trust
—
—
Paramount Church INC
—
Loan Modification
related
$2,850,000 · Paramount Invs
—
—
Paramount Church INC
—
Deed Of Trust
related
$200,000 · John F & Jana R Scarpa
—
—
Paramount Church INC
—
Deed Of Trust
related
$250,000 · First Bank Palm Beach
—
—
Paramount Church INC
—
Deed Of Trust
related
$13,000 · Fidelity Federal Bank & Trust
—
—
Paramount Church INC
—
Deed Of Trust
related
$1,750,000 · Fidelity Federal Bank & Trust
—
—
Paramount Church INC
—
Deed Of Trust
related
$175,000 · Fidelity Federal Bank & Trust
—
—
Paramount Church INC
—
Loan Modification
related
$3,000,000 · Paramount Invs
—
—
Paramount Church INC
—
Deed Of Trust
related
$2,500,000 · First Bank Palm Beach
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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