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Property profile & analytics
FOR LEASE
Strip malls
1521 W Blue Heron Blvd Riviera Beach, FL 33404
Entity Owned
12-yr Hold
Free & Clear
Property ID
US18-3220578
For Lease
1 / 6
$4,000/Mo
1521 W Blue Heron Blvd, Riviera Beach, FL 33404
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Property summary
AI-generated overview
This exceptional retail opportunity in West Palm Beach, Florida, presents multiple units ranging from 600 to 1,150 square feet within a thriving neighborhood plaza. Boasting over 34,000 cars passing daily, this highly visible location at 1521 W Blue Heron Blvd benefits from a loyal customer base drawn from nearby residential areas and schools, including John F. Kennedy Middle School and Suncoast Community High School. The plaza's convenient location, just one mile east of I-95 and less than two miles from the Port of Palm Beach, ensures excellent accessibility. Ample parking is available for customers and tenants. The building offers tenant signage and separately metered utilities. Nearby established businesses include Kentucky Fried Chicken, Dunkin' Donuts, Taco Bell, and O'Reilly Auto Parts, creating a strong retail synergy. This property in Palm Beach County, zip code 33404, offers a fantastic chance to establish or expand your retail presence in a high-traffic area with a built-in customer base.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1966
Construction
CONCRETE
Total area
4,720 SF
Lot
1.47 ac (64,199 SF)
Zoning code
CN
APN
56-43-42-29-04-006-0012
UPID
US18-3220578
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
$1.18M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.07M
Owner & transaction history
Law Hollywood Realty 1 LLC · 12 yrs held
Law Hollywood Realty 1 LLC
since 2014
6 recorded transactions
Zoning & alternative use
CN · Riviera Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Neighborhood Commercial District
General category
COMMERCIAL
Zone area
14.56 ac
Source
Realmo
Top alternative use upside
Office building
$1.7M
+20.2%
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 Riviera Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riviera 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,270,000
6.5%
$1,175,000
7%
$1,090,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,390,000
Current use
OFFICE BUILDING
$1,670,000
Change: +20% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,180,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±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
$226 / 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
$39,108
Tax year 2023
Assessed value
$1,452,757
Assessed 2023
Previous assessed
$1,391,230
+4.4% YoY
Effective rate
2.69%
On assessed value
Assessed land
$432,708
Assessed improvement
$1,020,049
Land market value
$432,708
Improvement market value
$1,020,049
Total market value
$1,452,757
Applied tax rate
56,407.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1966
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
4,720 SF
Lot
1.47 ac (64,199 SF)
Zoning code
CN
APN
56-43-42-29-04-006-0012
UPID
US18-3220578
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CN · Riviera Beach, FLZoning CN · permitted uses
CN · Riviera Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Neighborhood Commercial District
General category
COMMERCIAL
Zone area
14.56 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1966
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.47 ac
Current owner
From public records · entity-resolved
Law Hollywood Realty 1 LLC
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 3701, HOLLYWOOD, FL 33083-3701
Ownership since
2014
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
Feb 3, 2014
$1,567,500
Law Hollywood Realty 1 LLC
Giant Commerical Corp
Warranty Deed
—
Sep 20, 2007
—
Giant Coml Corp
Owner,record
Quit Claim Deed
related
—
May 21, 2007
—
Giant Commercial Corp
Florida Imperial Rental Properties
Correction Deed
related
$1,500,000 · Wachovia Bank NA
Apr 12, 2007
—
Giant Commercial Corp
Florida Imperial Rental Props
Quit Claim Deed
related
—
Jan 6, 1999
$400,000
Florida Imperial Rental Prop
Washington,william
Grant Deed
$250,000 · Individual
—
—
Giant Commercial Corp
—
Deed Of Trust
related
$1,392,351 · Wells Fargo Bank
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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