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Property profile & analytics
OFF-MARKET
Estimated value
$1,590,000
Drive through restaurants
1581 Blue Heron Blvd Riviera Beach, FL 33404-4013
Trust Owned
6-yr Hold
Free & Clear
Property ID
US18-4665062
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1984
Construction
CONCRETE
Total area
1,356 SF
Lot
0.29 ac (12,720 SF)
Zoning code
CN
APN
56-43-42-29-04-006-0110
UPID
US18-4665062
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.59M
Owner & transaction history
Freitag,mark J Trust · 6 yrs held
Freitag,mark J Trust
since 2020
Last sale
$1.7M
7 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
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$1,173 / 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
$9,674
Tax year 2023
Assessed value
$454,088
Assessed 2023
Previous assessed
$326,659
+39.0% YoY
Effective rate
2.13%
On assessed value
Assessed land
$125,038
Assessed improvement
$329,050
Land market value
$125,038
Improvement market value
$329,050
Total market value
$454,088
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
1,356 SF
Lot
0.29 ac (12,720 SF)
Zoning code
CN
APN
56-43-42-29-04-006-0110
UPID
US18-4665062
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
Building & site characteristics
From public records
Year built
1984
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Freitag,mark J Trust
Trust
Free & Clear · 6 yrs held
Mailing address
207 HILLCREST DR, DURANGO, CO 81301-6516
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2020
$1,725,000
Freitag,mark J Trust
Jaha Holdings LLC
Grant Deed
—
Jul 23, 2019
—
Jaha Holdings LLC
—
Deed
related
$5,450,000 · Pacific Premier Bk
Apr 17, 2017
—
Jaha Holdings LLC
—
Grant Deed
related
$5,113,280 · Stonegate Bk
Dec 7, 2016
—
State Of Florida Dept & Transportat
Bellsouth Telecommunications L
Quit Claim Deed
related
—
Mar 5, 2014
$9,000,000
Jaha Holdings LLC
Wayjohn INC
Warranty Deed
$4,615,377 · Stonegate Bank
—
—
Jaha Holdings LLC
—
Deed Of Trust
related
$5,450,000 · Pacific Premier Bk
—
—
Jaha Holdings LLC
—
Loan Modification
related
$4,090,624 · Stonegate Bk
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.
Try Rey
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