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Property profile & analytics
OFF-MARKET
Commercial real estate
151 Worth Ave Palm Beach, FL 33480-4406
Entity Owned
~
Est. High Equity
Property ID
US18-3409774
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2000
Construction
STEEL FRAME
Total area
48,578 SF
Lot
1.01 ac (43,791 SF)
Zoning code
C-WA
APN
50-43-43-23-05-016-0130
UPID
US18-3409774
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
-
Emporio Armani Donna Palm Beach Neiman Marcus Clothing & Fashion Store
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
151 Worth Avenue Owner LLC
151 Worth Avenue Owner LLC
since 2025
Last sale
$78.0M
6 recorded transactions
Zoning & alternative use
C-WA · Palm Beach, FL
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 Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$977,285
Tax year 2023
Assessed value
$59,347,617
Assessed 2023
Previous assessed
$57,729,178
+2.8% YoY
Effective rate
1.65%
On assessed value
Assessed land
$23,665,497
Assessed improvement
$35,682,120
Land market value
$23,665,497
Improvement market value
$35,682,120
Total market value
$59,347,617
Applied tax rate
50,411.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
3
Units
1
Total area
48,578 SF
Lot
1.01 ac (43,791 SF)
Zoning code
C-WA
APN
50-43-43-23-05-016-0130
UPID
US18-3409774
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-WA · Palm Beach, FL
Zoning C-WA · permitted uses
C-WA · Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
3
Units
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
151 Worth Avenue Owner LLC
Entity
Mailing address
PO BOX 3365, PALM BEACH, FL 33480-1565
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2025
$80,500,000
151 Worth Avenue Owner LLC
151 Worth LLC
Special Warranty Deed
—
May 6, 2022
$78,000,000
151 Worth LLC
Wilson 151 Worth LLC
Special Warranty Deed
—
Sep 6, 2019
—
Neiman Marcus Group LLC
—
Grant Deed
related
$17,500,000 · Credit Suisse Ag
Jan 8, 2014
$40,000,000
Wilson 151 Worth LLC
Second Worth Avenue Ptshp Ltd
Grant Deed
—
Aug 31, 2005
—
Second Worth Co LLC
151 Worth Avenue Partnership Ltd
Quit Claim Deed
related
$22,500,000 · Bank Of America NA
—
—
Neiman Marcus Group LLC
—
Deed Of Trust
related
$61,250 · Ankura Tr Co LLC
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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