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Property profile & analytics
OFF-MARKET
Estimated value
$5,490,000
Retail space
155 Blue Heron Blvd Ste 100 Riviera Beach, FL 33404-4532
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-4653989
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
CONCRETE
Total area
8,406 SF
Lot
2.09 ac (91,258 SF)
Zoning code
DG
APN
56-43-42-28-12-000-0120
UPID
US18-4653989
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
$6.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.13M
Blend (final)
Blend
$5.49M
Owner & transaction history
Blue Heron Office LLC · 5 yrs held
Blue Heron Office LLC
since 2021
Last sale
$5.0M
3 recorded transactions
Zoning & alternative use
DG · Riviera Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Downtown General
General category
COMMERCIAL
Zone area
161.00 ac
Source
Realmo
Top alternative use upside
Restaurant
$6.4M
+84.3%
Apartment house (5+ units)
$5.0M
+43.5%
Medical building
$4.6M
+30.4%
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
$6,220,000
ML approach
$6,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,490,000
Current use
RESTAURANT
$6,430,000
Change: +84% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,005,000
Change: +44% · Conversion: Difficult
MEDICAL BUILDING
$4,550,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,325,000
Change: +24% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,510,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$5.49M
Range $4.94M – $6.04M · ±10% · vs last sale $5.00M (May 25 2021)
Last sale anchor
$5.00M
May 25 2021
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
$653 / 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
$112,081
Tax year 2023
Assessed value
$5,226,573
Assessed 2023
Previous assessed
$4,497,914
+16.2% YoY
Effective rate
2.14%
On assessed value
Assessed land
$1,825,180
Assessed improvement
$3,401,393
Land market value
$1,825,180
Improvement market value
$3,401,393
Total market value
$5,226,573
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
8,406 SF
Lot
2.09 ac (91,258 SF)
Zoning code
DG
APN
56-43-42-28-12-000-0120
UPID
US18-4653989
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
DG · Riviera Beach, FLZoning DG · permitted uses
DG · Riviera Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Downtown General
General category
COMMERCIAL
Zone area
161.00 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.5M
RESTAURANT
Est. value
$6.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.3M
INDUSTRIAL (GENERAL)
Est. value
$3.5M
RETAIL STORES Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1987
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
2.09 ac
Current owner
From public records · entity-resolved
Blue Heron Office LLC
Entity
Mailing address
7200 CAMINO REAL STE #200, BOCA RATON, FL 33433-5511
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2021
$5,000,000
Blue Heron Office LLC
John S Beeson
Warranty Deed
$4,100,000 · Ef Sbc 2015 2 LLC
Dec 5, 2013
$4,091,000
Beeson,john S Tr
Intracoastal Professional LLC
Warranty Deed
$3,000,000 · International Bank Of Commerce
Jul 7, 2004
$4,000,000
Intracoastal Professional LLC
Intracoastal Prof Plaza INC
Warranty Deed
related
—
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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