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    1490 Military Trl West Palm Beach, FL 33415-9190
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    Property profile & analytics

    1490 Military Trl West Palm Beach, FL 33415-9190

    View on Map
    • Strip malls
    • 8,530 SF
    • 2.16 lot acres
    Off-Market
    Property ID
    US18-3326548
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,800,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • GALA RECEPTION HALL / Hotel & Motel / Resort
    • Coral Behavioral Services / Crisis Center / Medical Clinic
    • Kates kollections / Discount Store
    • Heaven Bound Deliverance Church of God / Church / Mosque
    • Nails by karilin / Nail Salon

    Property Details for 1490 Military Trl

    Year built
    1978
    Construction
    CONCRETE
    Lot size
    2.16 lot acres
    Property size
    8,530 SF
    Zone code
    UI
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    00-42-44-12-00-000-5390
    APU
    424412000005390

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,295,000
      6.5%
      $2,120,000
      7%
      $1,970,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,510,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1118
    Latitude
    26.6549
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $33,985
    $1,363,899
    $823,963
    $2,187,862
    -
    $1,363,899
    $823,963
    $2,187,862

    Comparable in this City

    • Value Estimation
      $1,805,000
      8,610 SF

      1209 Military Trl

      SHOPPING CENTER, STRIP CENTER • 8,610 SF
      1209 Military Trl, West Palm Beach, FL 33415-4628
      View Details
    • Value Estimation
      $3,355,000
      17,009 SF

      5096 Frst Hl Blvd

      SHOPPING CENTER, STRIP CENTER • 17,009 SF
      5096 Frst Hl Blvd, West Palm Beach, FL 33415-9368
      View Details
    • Value Estimation
      $515,000
      2,560 SF

      616 Military Trl

      SHOPPING CENTER, STRIP CENTER • 2,560 SF
      616 Military Trl, West Palm Beach, FL 33415-1314
      View Details
    • Value Estimation
      $955,000
      4,950 SF

      2859 Military Trl

      SHOPPING CENTER, STRIP CENTER • 4,950 SF
      2859 Military Trl, West Palm Beach, FL 33415-9232
      View Details
    • Value Estimation
      $1,400,000
      8,580 SF

      2028 Military Trl

      SHOPPING CENTER, STRIP CENTER • 8,580 SF
      2028 Military Trl, West Palm Beach, FL 33415-6411
      View Details
    • Value Estimation
      $935,000
      6,268 SF

      2298 Military Trl

      SHOPPING CENTER, STRIP CENTER • 6,268 SF
      2298 Military Trl, West Palm Beach, FL 33415-7594
      View Details

    Similar Nearby for Sale

    • $82,900
      8,700 SF

      Thriving Business on Military Trail

      Ship and pack business with growth potential on busy Military Trail.
      770 S Military 1 Trl, West Palm Beach, FL 33415
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      Grocery Anchored Shopping Center For Sale

      Fully leased 102,900 SF shopping center in West Palm Beach.
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      Bridal Salon Asset Sale

      Bridal and occasion wear salon inventory and equipment for sale.
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      12,739 SF

      West Palm Beach CVS Asset

      12,739 SF CVS on 1.82 acres for sale.
      245 S Military Trl, West Palm Beach, FL 33415
      View Details
    • $3,450,000

      1370 S Military Trl, West Palm Beach, FL 33415

      Commercial land
      1370 S Military Trl, West Palm Beach, FL 33415
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,472 SF

      Retail Space in Busy Center

      Retail space available in a shopping center anchored by Publix.
      832 S Military Trl, West Palm Beach, FL 33415
      View Details
    • Contact for pricing
      7,200 SF

      Retail Space in Busy Center

      Retail space available in a high-traffic shopping center.
      1870 N Military Trl, West Palm Beach, FL 33415
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    • Contact for pricing
      89,000 SF

      Prime Retail Space Available

      Located in the heart of Palm Beach County.
      4560 Forest Hill Blvd, West Palm Beach, FL 33415
      View Details
    • $43 SF/Yr
      1,536 SF

      Retail Space on Southern Blvd

      Retail space available for lease in West Palm Beach.
      4911-4935 Southern Blvd, West Palm Beach, FL 33415
      View Details
    • Contact for pricing

      Retail and Office Spaces Available

      Retail and office spaces for rent in Greenacres, Florida.
      6300 Forest Hill Blvd, Greenacres, FL 33415
      View Details
    • Contact for pricing
      5,950 SF

      Retail Space in Greenacres, FL

      Retail space available in high-traffic Greenacres location.
      6300-6376 Forest Hill Blvd, Greenacres, FL 33415
      View Details
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    West Palm Beach, FL 33415-9190
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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