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Property profile & analytics
OFF-MARKET
Office buildings
1451 1st Ave South Bay, FL 33493
Individually Owned
4-yr Hold
Free & Clear
Property ID
US18-6381932
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1973
Construction
WOOD
Total area
1,200 SF
Lot
0.3 ac (12,889 SF)
Zoning code
GOV
APN
58-36-44-11-00-000-1020
UPID
US18-6381932
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
David G Gordon · 4 yrs held
David G Gordon
since 2022
2 recorded transactions
Zoning & alternative use
GOV · South Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purposes of this zoning district are as follows: to provide areas suitable for public recreation and open space; to provide areas suitable for public schools; to provide areas suitable for public parking; to provide areas suitable for the conduct of the essential functions of local government.
Zone name
Public Utilities And Schools Recreation Open Space Government Administration
General category
CIVIC_INSTITUTIONAL
Zone area
125.91 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 South Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Bay 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$33
Tax year 2023
Assessed value
$124,402
Assessed 2023
Previous assessed
$124,402
+0.0% YoY
Effective rate
0.03%
On assessed value
Assessed land
$4,439
Assessed improvement
$119,963
Land market value
$4,439
Improvement market value
$119,963
Total market value
$124,402
Applied tax rate
58,486.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1973
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Total area
1,200 SF
Lot
0.3 ac (12,889 SF)
Zoning code
GOV
APN
58-36-44-11-00-000-1020
UPID
US18-6381932
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
GOV · South Bay, FLZoning GOV · permitted uses
GOV · South Bay, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purposes of this zoning district are as follows: to provide areas suitable for public recreation and open space; to provide areas suitable for public schools; to provide areas suitable for public parking; to provide areas suitable for the conduct of the essential functions of local government.
Zone name
Public Utilities And Schools Recreation Open Space Government Administration
General category
CIVIC_INSTITUTIONAL
Zone area
125.91 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1973
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
David G Gordon
Individual
Free & Clear · 4 yrs held
Mailing address
2633 VIS PKWY, ROYAL PALM BEACH, FL 33411-5613
Mailing matches property
Yes
Owner-occupied
Yes
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
Mar 15, 2022
—
David G Gordon
David G Gordon
Intrafamily Transfer
related
—
Apr 30, 2013
—
Palm Bch Cnty
Glades Utility Authority
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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