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Property profile & analytics
OFF-MARKET
Estimated value
$2,980,000
Strip malls
150 Us Hwy 1st 1 Tequesta, FL 33469-2723
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-3338535
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1979
Construction
CONCRETE
Total area
10,465 SF
Lot
4.24 ac (184,694 SF)
Zoning code
M-U
APN
60-43-40-30-00-003-0070
UPID
US18-3338535
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
$3.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.98M
Owner & transaction history
Tequesta Mall LLC · 7 yrs held
Tequesta Mall LLC
since 2018
4 recorded transactions
Zoning & alternative use
M-U · Tequesta, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose and intent of the MU mixed use district is to establish a village center which creates a vital, diverse core for the principles which utilize mixed-use development concepts and which permit a combination of usually separated uses within a unified development district area. Natural features should be enhanced and environmental conditions carefully…
Zone name
Mixed Use
General category
MIXED_USE
Zone area
120.07 ac
Source
Realmo
Top alternative use upside
Retail stores
$4.2M
+0.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,360,000
6.5%
$3,100,000
7%
$2,880,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,135,000
Current use
RETAIL STORES
$4,175,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$4,125,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,010,000
Change: -3% · Conversion: Easy
OFFICE BUILDING
$3,685,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$2.98M
Range $2.68M – $3.28M · ±10%
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
$285 / 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
$157,279
Tax year 2023
Assessed value
$7,150,804
Assessed 2023
Previous assessed
$6,838,926
+4.6% YoY
Effective rate
2.20%
On assessed value
Assessed land
$3,080,900
Assessed improvement
$4,069,904
Land market value
$3,080,900
Improvement market value
$4,069,904
Total market value
$7,150,804
Applied tax rate
60,461.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
10,465 SF
Lot
4.24 ac (184,694 SF)
Zoning code
M-U
APN
60-43-40-30-00-003-0070
UPID
US18-3338535
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
M-U · Tequesta, FLZoning M-U · permitted uses
M-U · Tequesta, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose and intent of the MU mixed use district is to establish a village center which creates a vital, diverse core for the principles which utilize mixed-use development concepts and which permit a combination of usually separated uses within a unified development district area. Natural features should be enhanced and environmental conditions carefully assessed.
Zone name
Mixed Use
General category
MIXED_USE
Zone area
120.07 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.1M
RETAIL STORES
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
1979
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
4.24 ac
Current owner
From public records · entity-resolved
Tequesta Mall LLC
Entity
Mailing address
2 COMMERCE ST, BRANCHBURG, NJ 08876-6035
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2022
—
Tequesta Mall LLC
—
Deed
related
$5,400,000 · Connectone Bank
Aug 1, 2018
$7,100,000
Tequesta Mall LLC
Slo-ml LLC
Warranty Deed
—
—
—
Slo-ml LLC
—
Loan Modification
related
$4,487,670 · Anchor Com'l Bk
—
—
Fashion Mall INC
—
Deed Of Trust
related
$620,000 · Wachovia Bank NA
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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