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Property profile & analytics
OFF-MARKET
Banks
1501 Presidential Way Ste 3a, West Palm Beach, FL 33401-1852
Individually Owned
16-yr Hold
Free & Clear
Property ID
US18-0089257
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1984
Construction
CONCRETE BLOCKS
Total area
194 SF
APN
74-43-43-17-20-000-0031
UPID
US18-0089257
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
Current use
Occupant on record · Public records
-
Presidential medical plaza Medical Clinic
-
Presidential Dental Center Dental Office
-
Julie A. Kennedy, DMD PA Dental Office
-
Dr. Rory E. Mortman, DDS Dental Office
-
David Ferlita D.M.D Dental Office
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
Robert A Wacks · 16 yrs held
Robert A Wacks
since 2009
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 West Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Palm Beach 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
$888
Tax year 2023
Assessed value
$41,637
Assessed 2023
Previous assessed
$35,891
+16.0% YoY
Effective rate
2.13%
On assessed value
Assessed improvement
$41,637
Improvement market value
$41,637
Total market value
$41,637
Applied tax rate
74,407.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1984
Construction
CONCRETE BLOCKS
Heating
NONE
Total area
194 SF
APN
74-43-43-17-20-000-0031
UPID
US18-0089257
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1984
Construction
CONCRETE BLOCKS
Heating
NONE
Current owner
From public records · entity-resolved
Robert A Wacks
Individual
Free & Clear · 16 yrs held
Mailing address
1501 PRESIDENTIAL WAY, WEST PALM BEACH, FL 33401-1800
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2009
—
Robert A Wacks
Wacks,robert A
Quit Claim Deed
related
—
Feb 2, 2007
$340,000
Robert A Wacks
Guttmann,franklin & Tiffany
Grant Deed
$372,000 · Wachovia Bank NA
Jul 1, 1983
$240,000
Franklin Guttman
Strasser,linda V
Warranty Deed
related
$210,000
—
—
Robert A Wacks
—
Deed Of Trust
related
$392,000 · Suntrust Bank NA
—
—
Robert A Wacks
—
Deed Of Trust
related
$15,000 · Suntrust 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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