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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1490 Royal Palm Bch Blvda Royal Palm Beach, FL 33411-1608

    • Medical offices
    • 3,200 SF
    • 0.11 lot acres
    OFF-MARKET
    Last Sale
    Dec 03, 2020
    $850,000
    Value Estimations
    $890,000
    Show details
    Cap Rate Potential
    3.7%
    Medical offices
    Location Intelligence
    Property ID
    US18-7163662
    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.

    Current Use by Public Records

    • Medical offices

    Property Details for 1490 Royal Palm Bch Blvda

    Year built
    2022
    Construction
    WOOD
    Lot size
    0.11 lot acres
    Property size
    3,200 SF
    Zone code
    CO
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    72-41-43-23-23-000-0090
    APU
    72414323230000090

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,210,000
      ML approach
      $1,220,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $745,000
      6.5%
      $690,000
      7%
      $640,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $535,000
      Market price range: $201k - $858k

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

    Location Insight

    • Map
    • Local Demand
    City
    Royal Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.2278
    Latitude
    26.712
    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
    $20,306
    $315,000
    $754,729
    $1,069,729
    -
    $315,000
    $754,729
    $1,069,729

    Comparable in this City

    • Value Estimation
      $1,600,000
      9,930 SF

      7701 Southern Blvd

      MEDICAL BUILDING • 9,930 SF
      7701 Southern Blvd, West Palm Beach, FL 33411-3803
      View Details
    • Value Estimation
      $835,000
      4,016 SF

      106 Ponce De Leon St Sta, Unit A

      MEDICAL BUILDING • 4,016 SF
      106 Ponce De Leon St Sta, Royal Palm Beach, FL 33411-1213
      View Details
    • Value Estimation by Request
      3,780 SF

      1019 State Rd 7th A Ste A

      MEDICAL BUILDING • 3,780 SF
      1019 State Rd 7th A Ste A, Royal Palm Beach, FL 33411-5100
      View Details
    • Value Estimation
      $1,130,000
      3,600 SF

      1410 Royal Palm Bch Blvda

      MEDICAL BUILDING • 3,600 SF
      1410 Royal Palm Bch Blvda, Royal Palm Beach, FL 33411-1608
      View Details
    • Value Estimation
      $960,000
      3,864 SF

      1402 Royal Palm Bch Blvd100a

      MEDICAL BUILDING • 3,864 SF
      1402 Royal Palm Bch Blvd100a, Royal Palm Beach, FL 33411-1691
      View Details
    • Value Estimation
      $3,600,000
      24,527 SF

      7100 Belvedere Rd

      MEDICAL BUILDING • 24,527 SF
      7100 Belvedere Rd, West Palm Beach, FL 33411-3306
      View Details

    Similar Nearby for Sale

    • $421,000

      Royal Palm Beach Office Building

      Profitable Medical/Executive Office in Florida
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    • $435,000
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      New Commercial Space Near SR7

      Vanilla shell space ideal for office or light industrial use.
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      High-Yield Raising Cane's NNN Lease

      Florida QSR Investment, Strong ROI
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    • Contact for pricing

      Land For Sale

      Land available for sale in West Palm Beach, Florida.
      8675 Southern Blvd, West Palm Beach, FL 33411
      View Details
    • Contact for pricing
      195,248 SF

      West Palm Beach Shopping Center

      High-Yield Retail Investment, 100% Leased
      0 Southern Blvd, Royal Palm Beach, FL 33411
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    • $9,000,000
      14,588 SF

      West Palm Beach Retail Property

      Retail property available for sale in West Palm Beach, FL.
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    Similar Nearby for Lease

    • $32 SF/Yr
      47,387 SF

      Wellington Reserve Medical Office Space

      Class A Medical Office Suites in Wellington, FL
      1035 Fl-7, Wellington, FL 33411
      View Details
    • Contact for pricing
      53,368 SF

      Prime Medical Office Space West Palm Beach

      Class A Medical Office Building, 15,142 SF Available
      9701 Belvedere Rd, West Palm Beach, FL 33411
      View Details
    • $1,500,000
      3,864 SF

      Royal Palm Beach Office Building

      Free-standing office building with long-term tenants in place.
      1402 Royal Palm Beach Blvd, Royal Palm Beach, FL 33411
      View Details
    • $19 SF/Yr
      7,930 SF

      West Palm Beach Office Space

      Office space for lease in a first-class business park.
      2005 Vista Pkwy, West Palm Beach, FL 33411
      View Details
    • $3,000 /Mo

      Flex Space with Warehouse

      Flex space featuring office, warehouse, and mezzanine areas.
      9150 Belvedere Rd, West Palm Beach, FL 33411
      View Details
    • $29 SF/Yr
      11,398 SF

      Updated Industrial Space Available

      Flexible industrial space with office and warehouse components for lease.
      999 Stinson Way, West Palm Beach, FL 33411
      View Details
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    Royal Palm Beach, FL 33411-1608
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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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