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Property profile & analytics
FOR SALE
Showrooms
1535 Cypress Dr Jupiter, FL 33469
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US18-1024586
For Sale
1 / 7
$3,900,000
1535 Cypress Dr, Jupiter, FL 33469
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1978
Construction
CONCRETE
Total area
4,750 SF
Lot
0.96 ac (41,996 SF)
Zoning code
C4
APN
30-43-40-31-11-000-0270
UPID
US18-1024586
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
-
Leffler Custom Rods, LLC (Bike/Boat/Book/etc) Store
-
Nautical Palm Beach Inc. (Bike/Boat/Book/etc) Store
-
Arroyo Wellness Center LLC. Medical Clinic
-
Auto Art Vinyl Graphics (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$1.42M
Owner & transaction history
Cypress Drive Property III LLC · 16 yrs held
Cypress Drive Property III LLC
since 2009
7 recorded transactions
Zoning & alternative use
C4 · Jupiter, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.3M
+29.0%
Retail stores
$1.9M
+4.1%
Neighborhood: shopping center
$1.9M
+3.1%
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 Jupiter submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jupiter 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%
$1,365,000
6.5%
$1,260,000
7%
$1,170,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,820,000
Current use
AUTO REPAIR, GARAGE
$2,345,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$1,895,000
Change: +4% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,875,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$1,870,000
Change: +3% · Conversion: Easy
OFFICE BUILDING
$1,670,000
Change: -8% · Conversion: Easy
WAREHOUSE, STORAGE
$1,575,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.42M
Range $1.27M – $1.56M · ±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
$298 / 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
$34,417
Tax year 2023
Assessed value
$1,941,393
Assessed 2023
Previous assessed
$1,726,619
+12.4% YoY
Effective rate
1.77%
On assessed value
Assessed land
$701,367
Assessed improvement
$1,240,026
Land market value
$701,367
Improvement market value
$1,240,026
Total market value
$1,941,393
Applied tax rate
30,571.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Sale
Year built
1978
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Bathrooms
6
Total area
4,750 SF
Lot
0.96 ac (41,996 SF)
Zoning code
C4
APN
30-43-40-31-11-000-0270
UPID
US18-1024586
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C4 · Jupiter, FL
Zoning C4 · permitted uses
C4 · Jupiter, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jupiter. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$2.3M
RETAIL STORES
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.6M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1978
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
6
Lot
0.96 ac
Current owner
From public records · entity-resolved
Cypress Drive Property III LLC
Entity
Mailing address
PO BOX 14253, NORTH PALM BEACH, FL 33408-0253
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2016
—
Cypress Drive Property III LLC
—
Deed
related
$1,330,000 · Floridian Cmnty Bk
Oct 7, 2009
$1,740,000
Cypress Drive Property III LLC
Wre Ents INC
Warranty Deed
$1,392,000 · Anchor Commercial Bank
Dec 13, 2005
—
Wre Ents INC
Elliott,william R
Warranty Deed
—
Jul 11, 2005
—
Elliott William R Tr
Elliott,william R
Quit Claim Deed
related
—
May 16, 2002
$425,000
W R E Enterprises INC
Paartyka,lee M
Grant Deed
$495,000 · Palm Beach Nat'l Bank & Trust
—
—
Wre Ents INC
—
Deed Of Trust
related
$1,100,000 · Greenpoint Mortgage Funding
—
—
Cypress Drive Property III LLC
—
Deed Of Trust
related
$1,330,000 · Floridian Cmnty Bk
—
—
W R E Enterprises INC
—
Deed Of Trust
related
$35,000 · Grand Bank & Trust Of Florida
—
—
Wre Ents INC
—
Deed Of Trust
related
$35,000 · Grand Bank & Trust Of Florida
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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