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Property profile & analytics
OFF-MARKET
Estimated value
$1,130,000
Medical Office Space
1410 Royal Palm Bch Blvda Royal Palm Beach, FL 33411-1608
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5359142
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
WOOD
Total area
3,600 SF
Lot
0.11 ac (4,783 SF)
Zoning code
CO
APN
72-41-43-23-23-000-0040
UPID
US18-5359142
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
$1.34M
CAP Approach
CAP
$775k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.13M
Owner & transaction history
Lunaco Investors LLC · 5 yrs held
Lunaco Investors LLC
since 2021
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
CO · Royal Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose and intent of this district is to provide suitable sites for the development of well-planned, environmentally compatible office buildings in attractive open-space settings in centralized locations consistent with the village's comprehensive land use plan, as adopted and amended from time to time.
Zone name
Office Commercial District
General category
COMMERCIAL
Zone area
73.46 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 Royal Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Royal 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
$1,315,000
ML approach
$1,340,000
CAP Approach
CAP Return
Estimation
6%
$840,000
6.5%
$775,000
7%
$720,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,855,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.13M
Range $1.02M – $1.24M · ±10% · vs last sale $1.11M (Apr 14 2021)
Last sale anchor
$1.11M
Apr 14 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
$314 / 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
$9,722
Tax year 2023
Assessed value
$1,024,492
Assessed 2023
Previous assessed
$994,118
+3.1% YoY
Effective rate
0.95%
On assessed value
Assessed land
$315,000
Assessed improvement
$709,492
Land market value
$315,000
Improvement market value
$709,492
Total market value
$1,024,492
Applied tax rate
72,486.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
3,600 SF
Lot
0.11 ac (4,783 SF)
Zoning code
CO
APN
72-41-43-23-23-000-0040
UPID
US18-5359142
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CO · Royal Palm Beach, FLZoning CO · permitted uses
CO · Royal Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose and intent of this district is to provide suitable sites for the development of well-planned, environmentally compatible office buildings in attractive open-space settings in centralized locations consistent with the village's comprehensive land use plan, as adopted and amended from time to time.
Zone name
Office Commercial District
General category
COMMERCIAL
Zone area
73.46 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.9M
AUTO REPAIR, GARAGE
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
2007
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Lunaco Investors LLC
Entity
Mailing address
4695 MANDERLY DR, WELLINGTON, FL 33449-7406
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2026
—
Lunaco Investors LLC
—
Deed
related
$1,200,000 · Citi National Bank Of Florida
Apr 14, 2021
$1,112,500
Lunaco Investors LLC
Martra Properties LLC
Warranty Deed
$1,320,300 · Truist Bank
Mar 22, 2005
$450,000
Martra Properties LLC
Lake Wellington Professional Center
Warranty Deed
$337,500 · Enterprise National Bank Of Palm Be
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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