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Property profile & analytics
OFF-MARKET
Estimated value
$8,150,000
Drug stores
1448 Us Hwy 1st 1 Tequesta, FL 33469-3235
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-3812516
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1999
Construction
CONCRETE
Total area
15,842 SF
Lot
1.78 ac (77,537 SF)
Zoning code
C2
APN
30-43-40-31-06-002-0070
UPID
US18-3812516
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
$8.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.23M
Blend (final)
Blend
$8.15M
Owner & transaction history
Oak Street Investment Grade Net Lea · 4 yrs held
Oak Street Investment Grade Net Lea
since 2022
Last sale
$8.3M
2 recorded transactions
Zoning & alternative use
C2 · Tequesta, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.9M
+73.1%
Apartment house (5+ units)
$10.9M
+71.9%
Auto repair, garage
$7.8M
+23.9%
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 Tequesta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tequesta 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
$7,950,000
ML approach
$8,080,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,315,000
Current use
RESTAURANT
$10,935,000
Change: +73% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$10,860,000
Change: +72% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,825,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,260,000
Change: -1% · Conversion: Moderate
MEDICAL BUILDING
$6,245,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,070,000
Change: -4% · Conversion: Easy
OFFICE BUILDING
$5,575,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$8.15M
Range $7.34M – $8.97M · ±10% · vs last sale $8.29M (Jan 18 2022)
Last sale anchor
$8.29M
Jan 18 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
$514 / 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
$74,590
Tax year 2023
Assessed value
$4,102,973
Assessed 2023
Previous assessed
$3,923,312
+4.6% YoY
Effective rate
1.82%
On assessed value
Assessed land
$1,959,661
Assessed improvement
$2,143,312
Land market value
$1,959,661
Improvement market value
$2,143,312
Total market value
$4,102,973
Applied tax rate
30,571.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
15,842 SF
Lot
1.78 ac (77,537 SF)
Zoning code
C2
APN
30-43-40-31-06-002-0070
UPID
US18-3812516
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C2 · Tequesta, FL
Zoning C2 · permitted uses
C2 · Tequesta, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tequesta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.3M
RESTAURANT
Est. value
$10.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.9M
AUTO REPAIR, GARAGE
Est. value
$7.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.3M
MEDICAL BUILDING
Est. value
$6.2M
COMMERCIAL (GENERAL)
Est. value
$6.1M
OFFICE BUILDING
Est. value
$5.6M
RETAIL STORES Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1999
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.78 ac
Current owner
From public records · entity-resolved
Oak Street Investment Grade Net Lea
Entity
Mailing address
125 S WACKER DR STE #1220, CHICAGO, IL 60606-4430
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2022
$8,290,000
Oak Street Investment Grade Net Lea
Project Jupiter Fund V LLC
Special Warranty Deed
$8,290,000 · Citibank NA
May 14, 2021
$5,923,714
Project Jupiter Fund V LLC
Walgreen Co
Special Warranty Deed
$38,104,000 · Bbva USA
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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