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Property profile & analytics
OFF-MARKET
Estimated value
$43,245,000
Industrial properties
1400 Northpoint Pkwy West Palm Beach, FL 33407-1976
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US19-0360153
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2001
Construction
CONCRETE
Total area
83,480 SF
Lot
6.87 ac (299,340 SF)
Zoning code
CPD
APN
74-43-43-06-10-000-0110
UPID
US19-0360153
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
-
Admiral Plumbing Services Plumbing Service General Contractor
-
Service Experts Heating & Air Conditioning HVAC Service General Contractor
-
Go Solar Power Electric Vehicle Charging Station Contractor Solar Energy System Service
-
Lockheed Martin Corporate Office Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$46.39M
Blend (final)
Blend
$43.25M
Owner & transaction history
Colt South Florida Owner LP · 4 yrs held
Colt South Florida Owner LP
since 2022
Last sale
$41.0M
6 recorded transactions
Zoning & alternative use
CPD · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$63.8M
+78.9%
Apartment house (5+ units)
$49.7M
+39.3%
Medical building
$45.2M
+26.6%
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
$44,595,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$35,680,000
Current use
RESTAURANT
$63,845,000
Change: +79% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$49,715,000
Change: +39% · Conversion: Moderate
MEDICAL BUILDING
$45,175,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$42,965,000
Change: +20% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$34,850,000
Change: -2% · Conversion: Moderate
RETAIL STORES
$34,640,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$32,010,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$43.25M
Range $38.92M – $47.57M · ±10% · vs last sale $41.00M (Feb 7 2022)
Last sale anchor
$41.00M
Feb 7 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
$518 / 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
$325,920
Tax year 2023
Assessed value
$14,589,206
Assessed 2023
Previous assessed
$13,060,967
+11.7% YoY
Effective rate
2.23%
On assessed value
Assessed land
$3,902,940
Assessed improvement
$10,686,266
Land market value
$3,902,940
Improvement market value
$10,686,266
Total market value
$14,589,206
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
2001
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
83,480 SF
Lot
6.87 ac (299,340 SF)
Zoning code
CPD
APN
74-43-43-06-10-000-0110
UPID
US19-0360153
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CPD · West Palm Beach, FL
Zoning CPD · permitted uses
CPD · 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
COMMERCIAL (GENERAL) Current
Est. value
$35.7M
RESTAURANT
Est. value
$63.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$49.7M
MEDICAL BUILDING
Est. value
$45.2M
AUTO REPAIR, GARAGE
Est. value
$43.0M
INDUSTRIAL (GENERAL)
Est. value
$34.9M
RETAIL STORES
Est. value
$34.6M
WAREHOUSE, STORAGE
Est. value
$32.0M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
2001
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
6.87 ac
Current owner
From public records · entity-resolved
Colt South Florida Owner LP
Entity
Mailing address
3843 W CHESTER PIKE, NEWTOWN SQUARE, PA 19073-2304
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2022
$41,000,000
Colt South Florida Owner LP
Liberty Property Limited Partnershi
Special Warranty Deed
$551,900,000 · Morgan Stanley Mortgage Capital Hol
Aug 30, 2010
—
Cabot III-fl2b01 LLC
—
Deed Of Trust
related
$81,060,000 · Wells Fargo Bank
Feb 1, 2010
—
Cabot III-fl2b01 LLC
—
Deed Of Trust
related
$51,410,000 · Wells Fargo Bank
Dec 30, 2009
$10,081,116
Cabot III-fl2w01-w02 & M01 LLC
Rph Industrial LLC
Grant Deed
—
Sep 19, 2003
$17,100,000
Rph Industrial LLC
Cabot Industrial Properties LP
Grant Deed
—
Aug 13, 1999
$2,600,000
Cabot Industrial Properties LP
Hcf Realty INC
Grant Deed
—
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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