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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Office buildings
1401 Ave E Ave Riviera Beach, FL 33404-6127
Entity Owned
11-yr Hold
Free & Clear
Property ID
US18-5625185
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1959
Construction
CONCRETE
Total area
9,609 SF
Lot
0.9 ac (39,248 SF)
Zoning code
DG
APN
56-43-42-33-04-003-0011
UPID
US18-5625185
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
$400k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$836k
Blend (final)
Blend
$650k
Owner & transaction history
Salt Pond Properties LLC · 11 yrs held
Salt Pond Properties LLC
since 2014
Last sale
$684,481
5 recorded transactions
Zoning & alternative use
DG · Riviera 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 Riviera Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riviera 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
$400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $684k (Oct 2 2024)
Last sale anchor
$684k
Oct 2 2024
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
$68 / 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
$18,147
Tax year 2023
Assessed value
$959,030
Assessed 2023
Previous assessed
$681,954
+40.6% YoY
Effective rate
1.89%
On assessed value
Assessed land
$313,968
Assessed improvement
$645,062
Land market value
$313,968
Improvement market value
$645,062
Total market value
$959,030
Applied tax rate
56,407.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1959
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
9,609 SF
Lot
0.9 ac (39,248 SF)
Zoning code
DG
APN
56-43-42-33-04-003-0011
UPID
US18-5625185
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
DG · Riviera Beach, FL
Zoning DG · permitted uses
DG · Riviera Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riviera Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1959
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Salt Pond Properties LLC
Entity
Free & Clear · 11 yrs held
Mailing address
516 E PARK AVEB, SAVANNAH, GA 31401-6517
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2014
$450,000
Salt Pond Properties LLC
1401 Avenue E LLC
Grant Deed
—
Dec 4, 2014
—
Smith,john R Living Trust
Smith,john R
Quit Claim Deed
related
—
Mar 27, 2012
—
Smith John R Living Trust
Smith,john R
Quit Claim Deed
related
—
Dec 1, 2004
$400,000
1401 Avenue E LLC
Classique Realty Ltd
Warranty Deed
—
May 11, 1998
$314,500
Classique Realty Ltd
Miceli,joseph & Alfonse S
Grant Deed
$225,000 · Fidelity Fsb Florida
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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