Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1554 Palm Bch Lks Blvd West Palm Beach, FL 33401-2302
    Property profile & analytics

    1554 Palm Bch Lks Blvd, West Palm Beach, FL 33401-2302

    View on Map
    • Grocery and convenience stores
    • 3,168 SF
    • 1.02 lot acres
    Off-Market
    Last Sale Dec 4, 2024
    $4,951,000
    Property ID
    US19-0659539
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,950,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 1554 Palm Bch Lks Blvd

    Year built
    2000
    Construction
    CONCRETE
    Lot size
    1.02 lot acres
    Zone code
    CPD
    Property type
    Grocery and convenience stores
    APN
    74-43-43-17-25-003-0030
    APU
    74434317250030030

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 4, 2024 $4,951,000 Realty Income Us Core Plus 1 LLC 7 Eleven INC Special Warranty Deed —
    Dec 4, 2024 — 7 Eleven INC Realty Income Us Core Plus 1 LLC Deed —
    Apr 30, 2011 $1,269,192 7-eleven INC Exxonmobil Oil Corp Grant Deed —
    Aug 17, 2000 $1,250,000 Mobil Oil Corp Home Depot USA INC Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,950,000
      ML approach
      $4,950,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,850,000
      Market price range: $1.54M - $4.95M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0794
    Latitude
    26.7245
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $53,582
    $1,545,318
    $854,617
    $2,399,935
    -
    $1,545,318
    $854,617
    $2,399,935

    Comparable in this City

    • Value Estimation by Request
      1,450 SF

      1801 Dixie Hwy

      CONVENIENCE STORE
      1801 Dixie Hwy, West Palm Beach, FL 33401-7305
      View Details
    • Value Estimation by Request
      598 SF

      701 Sapodilla Ave

      CONVENIENCE STORE
      701 Sapodilla Ave, West Palm Beach, FL 33401-3841
      View Details
    • Value Estimation
      $555,000
      1,736 SF

      2615 Dixie Hwy

      CONVENIENCE STORE
      2615 Dixie Hwy, West Palm Beach, FL 33401-7919
      View Details
    • Value Estimation
      $3,775,000
      2,504 SF

      1270 Palm Bch Lks Blvd

      CONVENIENCE STORE
      1270 Palm Bch Lks Blvd, West Palm Beach, FL 33401-2411
      View Details
    • Value Estimation
      $715,000
      2,893 SF

      1401 Tamarind Ave

      CONVENIENCE STORE
      1401 Tamarind Ave, West Palm Beach, FL 33401-2539
      View Details
    • Value Estimation by Request
      2,357 SF

      717 Tamarind Ave

      CONVENIENCE STORE
      717 Tamarind Ave, West Palm Beach, FL 33401-3843
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,548 SF

      Retail Space in Historic District

      Two-building leasing opportunity in a historic West Palm Beach district.
      1029 N Tamarind Ave, West Palm Beach, FL 33401
      View Details
    • Contact for pricing
      1,790 SF

      Two-Building Retail Leasing Opportunity

      Two buildings offer retail and redevelopment potential in historic district.
      1029 N Tamarind Ave, West Palm Beach, FL 33401
      View Details
    • Contact for pricing
      13,083 SF

      Historic Mixed-Use Building For Sale

      Historic mixed-use building in downtown West Palm Beach with liquor license.
      114 S Olive Ave, West Palm Beach, FL 33401
      View Details
    • $2,300,000
      2,080 SF

      West Palm Beach Commercial Property

      Two-building commercial property in West Palm Beach's Warehouse District.
      1200 Clare Ave, West Palm Beach, FL 33401
      View Details
    • $590,000

      Clematis Street Retail/Office/Restaurant Space

      Located on Historic Clematis Street, suitable for retail/office/restaurant.
      330 Clematis St, West Palm Beach, FL 33401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      525 SF

      Corner Building in Historic District

      2,752 SF corner building suitable for various business uses.
      1320 N Tamarind Ave, West Palm Beach, FL 33401
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail space available for lease in West Palm Beach.
      201 Clearwater Dr, West Palm Beach, FL 33401
      View Details
    • Contact for pricing
      1,120 SF

      Retail Space Near Brightline Station

      Ground floor retail spaces available in mixed-use, transit-oriented property.
      591 Evernia St W, Palm Beach, FL 33401
      View Details
    • Contact for pricing
      1,200 SF

      West Palm Beach Retail/Office Suite

      1,200 SF retail and office suite near Palm Beach Outlets.
      1651-1659 Forum Pl, West Palm Beach, FL 33401
      View Details
    • Contact for pricing
      2,508 SF

      Retail Space in West Palm

      Retail spaces for lease in downtown West Palm Beach.
      991 Banyan Blvd, West Palm Beach, FL 33401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1554 Palm Bch Lks Blvd
    West Palm Beach, FL 33401-2302
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1554 Palm Bch Lks Blvd, West Palm Beach, FL, 33401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!