Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Office buildings
1441 Military Trl West Palm Beach, FL 33415-5607
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3755123
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1962
Construction
WOOD
Total area
1,170 SF
Lot
0.21 ac (9,331 SF)
Zoning code
UI
APN
00-42-44-12-19-000-0010
UPID
US18-3755123
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
-
Credex Auto Title Loans West Palm Beach Loan Service
-
Beach Cars Car Dealership
-
Family Financial Inc Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$670k
Comparable Approach
Comparable
$651k
Blend (final)
Blend
$675k
Owner & transaction history
Mayorgas Property Management LLC · 1 yrs held
Mayorgas Property Management LLC
since 2025
Last sale
$685,000
6 recorded transactions
Zoning & alternative use
UI · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$635,000
+52.9%
Auto repair, garage
$600,000
+45.5%
Retail stores
$485,000
+17.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$725,000
6.5%
$670,000
7%
$620,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$415,000
Current use
MEDICAL BUILDING
$635,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$600,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$485,000
Change: +17% · Conversion: Moderate
WAREHOUSE, STORAGE
$465,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$455,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $685k (Mar 24 2025)
Last sale anchor
$685k
Mar 24 2025
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
$577 / 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
$5,309
Tax year 2023
Assessed value
$309,943
Assessed 2023
Previous assessed
$294,451
+5.3% YoY
Effective rate
1.71%
On assessed value
Assessed land
$197,652
Assessed improvement
$112,291
Land market value
$197,652
Improvement market value
$112,291
Total market value
$309,943
Applied tax rate
362.0000
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
1962
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
6
Total area
1,170 SF
Lot
0.21 ac (9,331 SF)
Zoning code
UI
APN
00-42-44-12-19-000-0010
UPID
US18-3755123
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
UI · West Palm Beach, FL
Zoning UI · permitted uses
UI · 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
OFFICE BUILDING Current
Est. value
$415,000
MEDICAL BUILDING
Est. value
$635,000
AUTO REPAIR, GARAGE
Est. value
$600,000
RETAIL STORES
Est. value
$485,000
WAREHOUSE, STORAGE
Est. value
$465,000
COMMERCIAL (GENERAL)
Est. value
$455,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1962
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
6
Lot
0.21 ac
Current owner
From public records · entity-resolved
Mayorgas Property Management LLC
Entity
Mailing address
340 S LEMON AVE #5624, WALNUT, CA 91789-2706
Ownership since
2025
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
Jun 24, 2025
$685,000
Mayorgas Property Management LLC
Fox Bay Florida LLC
Warranty Deed
$548,000 · City National Bank Of Florida
May 17, 2023
$365,000
Patrker Family Limitred Partnership
1441 Limited Partnership
Warranty Deed
—
Oct 18, 2021
—
1441 Limited Partnership
—
Deed
related
$1,050,000 · Silver Hill Financial LLC
Oct 27, 2015
—
Fox Bay Florida LLC
Fox Bay LLC
Quit Claim Deed
related
—
May 12, 2015
$92,750
Fox Bay LLC|best Alternative LLC
A & J Connections LLC
Quit Claim Deed
related
—
Oct 23, 2014
—
A & J Connections LLC|best Alternative LLC
A & J Connection LLC
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1441 Military Trl?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
