15188 Park Of Commerce Blvd Jupiter, FL 33478
Industrial properties
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Entity Owned
4-yr Hold
~
Est. High Equity
For Lease
1 / 3
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15188 Park Of Commerce Blvd, Jupiter, FL 33478
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Estimated value (blended)
$9.91M
Range $8.92M – $10.90M (±10%)
Implied cap rate
7.70%
In-place · NOI ÷ last sale
Property ID
US18-5433095
Property summary
AI-generated overview
This exceptional Class A industrial property, International Corporate Center II, offers 4,158 square feet of immediately available space within a larger 46,644 square foot building. Located at 15188 Park of Commerce Blvd, Jupiter, FL 33478, this single-story structure boasts a 21-foot ceiling height, ideal for various industrial uses. The property is zoned PIPD (Planned Industrial Park Development) and features one drive-in door, providing convenient access for loading and unloading. The unit is part of a multi-tenant building with a total of eight suites. Situated in the Jupiter submarket of Palm Beach County, this location offers easy access to major thoroughfares including Beeline Highway, 45th Street, Northlake Boulevard, PGA Boulevard, and Indiantown Road. The property benefits from a prime East frontage and is equipped with 3-phase power. The minimum divisible space is 4,158 square feet, and the maximum contiguous space available is also 4,158 square feet. Built in 2008, this property presents a modern and efficient workspace in a quiet corporate park setting. The property's APN is 00-41-41-17-07-000-0030. This space is perfect for manufacturing, flex, warehouse, distribution, or R&D operations.
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2008
Construction
CONCRETE
Total area
46,644 SF
Lot
3.59 ac (156,219 SF)
Zoning code
PIPD
APN
00-41-41-17-07-000-0030
UPID
US18-5433095
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Production Facility
-
General Contractor
-
Business Service Center Corporate Office
-
Film Production
-
Electric Utility Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.67M
CAP Approach
CAP
$12.38M
Comparable Approach
Comparable
$13.40M
Blend (final)
Blend
$9.91M
Owner & transaction history
since 2021
Last sale
$6.8M
7 recorded transactions
Zoning & alternative use
PIPD · Jupiter, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$9.91M
Value range
$8.92M – $10.90M
±10% around blend
Estimated value / SF
$212 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$8.92M
blend $9.91M
$10.90M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
46,644 SF
Lot area
3.59 ac
Year built
2008
Stories
1
APN
00-41-41-17-07-000-0030
Assessed value
$5,743,187
Annual tax
$113,125
3
Income approach: direct capitalization
Partial preview
Income approach indication
$12.38M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$13.41M
@ 6.5% CAP return
$12.38M
@ 7% CAP return
$11.50M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$113,125
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$13.40M
Range $10.51M – $28.59M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$9.91M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 85 sales
$383
-45%
County 866 sales
$470
-55%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $212/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
7.70%
Selected cap rate for this industrial properties
Derived from the Jupiter market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.70%
9.0%
NOI (est.)
$504k *
Last sale · Aug 2021
$6.75M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.54M
Move the market yield to see immediate price impact.
Value / SF
$140
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.20%7.70%8.20%
$453k
$6.29M
$5.89M
$5.53M
$504k
$6.99M
$6.54M
$6.14M
$554k
$7.69M
$7.19M
$6.75M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$113,125
Tax year 2023
Assessed value
$5,743,187
Assessed 2023
Previous assessed
$5,902,011
-2.7% YoY
Effective rate
1.97%
On assessed value
Assessed land
$1,117,023
Assessed improvement
$4,626,164
Land market value
$1,117,023
Improvement market value
$4,626,164
Total market value
$5,743,187
Applied tax rate
141.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
For Lease
Year built
2008
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
46,644 SF
Lot
3.59 ac (156,219 SF)
Zoning code
PIPD
APN
00-41-41-17-07-000-0030
UPID
US18-5433095
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PIPD · Jupiter, FLZoning PIPD · permitted uses
PIPD · Jupiter, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.59 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
PIPD
Jurisdiction
Jupiter, FL
Recorded code
PIPD
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PIPD in Jupiter, FL.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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