Entity Owned Property summary
AI-generated overview
A nine-story medical office building connected to Good Samaritan Medical Center, with on-site facilities that include an on-site surgery center. The building contains renovated common areas and is equipped with valet service and garage parking. Located in West Palm Beach’s central business district along Flagler Drive, the property is positioned for patient access between Palm Beach Island and the surrounding area and features suites intended for medical office use, with access to wide water views. One available suite is described as 2,048 square feet.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1988
Construction
STEEL FRAME
Total area
164,082 SF
Lot
0.72 ac (31,280 SF)
Zoning code
CSPD
APN
74-43-43-15-00-006-0030
UPID
US18-6257330
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dental Office
-
Medical Clinic
-
Hospital
-
Hospital
-
Medical Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$49.02M
Blend (final)
Blend
$57.68M
Owner & transaction history
since 2025
Last sale
$62.0M
1 recorded transaction
Zoning & alternative use
CSPD · West Palm Beach, FL
Zoning description
ents. Secs. 94-176-94-200. - Reserved. ARTICLE VII. - SPECIAL DISTRICTS Sec. 94-201. - General development standards. Sec. 94-202. - Community service (CS) district. Sec. 94-203. - Community service planned development (…
General category
PLANNED_DEVELOPMENT
Top alternative use upside
Retail stores
$94.0M
+36.3%
Medical building
$88.8M
+28.7%
Commercial (general)
$86.6M
+25.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$57.68M
Value range
$51.91M – $63.44M
±10% around blend
Estimated value / SF
$352 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$51.91M
blend $57.68M
$63.44M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
164,082 SF
Lot area
0.72 ac
Year built
1988
Stories
9
APN
74-43-43-15-00-006-0030
Zoning
CSPD
Assessed value
$39,221,861
Annual tax
$849,724
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$49.02M
Range $37.46M – $108.50M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$57.68M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 64 sales
$420
-16%
Submarket 447 sales
$354
-1%
County 950 sales
$397
-11%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $352/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+36%
vs current-use indication
Medical Building
Commercial (general)
Auto Repair, Garage
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$62.00M
Move the market yield to see immediate price impact.
Value / SF
$378
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$3.91M
$78.12M
$55.80M
$43.40M
$4.34M
$86.80M
$62.00M
$48.22M
$4.77M
$95.48M
$68.20M
$53.04M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$849,724
Tax year 2023
Assessed value
$39,221,861
Assessed 2023
Previous assessed
$39,717,188
-1.2% YoY
Effective rate
2.17%
On assessed value
Assessed land
$3,909,875
Assessed improvement
$35,311,986
Land market value
$3,909,875
Improvement market value
$35,311,986
Total market value
$39,221,861
Applied tax rate
74,407.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1988
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
9
Total area
164,082 SF
Lot
0.72 ac (31,280 SF)
Zoning code
CSPD
APN
74-43-43-15-00-006-0030
UPID
US18-6257330
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CSPD · West Palm Beach, FLZoning CSPD · permitted uses
CSPD · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
ents. Secs. 94-176-94-200. - Reserved. ARTICLE VII. - SPECIAL DISTRICTS Sec. 94-201. - General development standards. Sec. 94-202. - Community service (CS) district. Sec. 94-203. - Community service planned development (…
General category
PLANNED_DEVELOPMENT
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
9
Lot
0.72 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
CSPD
PLANNED_DEVELOPMENT
Jurisdiction
West Palm Beach, FL
Recorded code
CSPD
Official district
CSPD
Official district profile
What the municipal code says about CSPD
Zoning description
ents. Secs. 94-176-94-200. - Reserved. ARTICLE VII. - SPECIAL DISTRICTS Sec. 94-201. - General development standards. Sec. 94-202. - Community service (CS) district. Sec. 94-203. - Community service planned development (…
General category
PLANNED_DEVELOPMENT
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CSPD in West Palm Beach, FL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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