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Property profile & analytics
OFF-MARKET
Estimated value
$4,805,000
Office buildings
1550 Southern Blvd Glen Ridge, FL 33406-3232
Individually Owned
Free & Clear
Property ID
US18-9918145
Property summary
AI-generated overview
This three-story, 15,744-square-foot Class B office building at 1550 Southern Blvd, West Palm Beach, FL 33406, offers exceptional leasing opportunities. Recently renovated in 2023, the property boasts a modernized lobby, upgraded elevator, and lush landscaping. Ample parking is available, including covered spaces, in a newly striped lot. Two available spaces range from 5,709 to 7,433 square feet, allowing for flexible leasing options, including full-floor occupancy and custom build-outs. The building is conveniently located near Palm Beach International Airport and I-95, providing easy access to Downtown West Palm Beach and the Flagler Financial District. Its highly visible location offers excellent signage opportunities, and 24/7 video surveillance ensures security. Approved for medical use, this property presents a fantastic opportunity for businesses seeking a modern, well-maintained space in a thriving area. The building was constructed in 1986 and sits at the intersection of Southern Blvd & Gem Lake Dr. This is a multi-tenant building with significant recent upgrades.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1986
Construction
CONCRETE
Total area
15,774 SF
Lot
0.26 ac (11,326 SF)
Zoning code
C-1
APN
14-43-44-05-14-003-0040
UPID
US18-9918145
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
$3.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.91M
Blend (final)
Blend
$4.81M
Owner & transaction history
Loal Hhmwp1llc
Loal Hhmwp1llc
since 2025
Last sale
$5.3M
3 recorded transactions
Zoning & alternative use
C-1 · Glen Ridge, 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 Glen Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glen Ridge 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
$3,855,000
ML approach
$3,820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.81M
Range $4.32M – $5.29M · ±10% · vs last sale $5.25M (May 1 2025)
Last sale anchor
$5.25M
May 1 2025
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
$305 / 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
$37,010
Tax year 2023
Assessed value
$1,959,540
Assessed 2023
Previous assessed
$1,790,140
+9.5% YoY
Effective rate
1.89%
On assessed value
Assessed land
$115,880
Assessed improvement
$1,843,660
Land market value
$115,880
Improvement market value
$1,843,660
Total market value
$1,959,540
Applied tax rate
14,522.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
15,774 SF
Lot
0.26 ac (11,326 SF)
Zoning code
C-1
APN
14-43-44-05-14-003-0040
UPID
US18-9918145
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-1 · Glen Ridge, FL
Zoning C-1 · permitted uses
C-1 · Glen Ridge, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glen Ridge. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
0.26 ac
Current owner
From public records · entity-resolved
Loal Hhmwp1llc
Individual
Free & Clear · 0 yrs held
Mailing address
721 5TH AVE APT 45C, NEW YORK, NY 10022-2537
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2025
$5,250,000
Loal Hhmwp1llc
1550 Partners LLC
Warranty Deed
—
Apr 25, 2023
$4,325,000
1550 Partners LLC
1550 Southern LP
Special Warranty Deed
—
Oct 18, 2021
$3,100,000
1550 Southern LP
Moria Peterson
Warranty Deed
$2,325,000 · Iberiabank
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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