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Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Outlet malls
1601 Congress Ave West Palm Beach, FL 33409-5152
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-5126866
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1998
Construction
CONCRETE
Total area
7,458 SF
Lot
1.66 ac (72,114 SF)
Zoning code
CG
APN
00-43-43-30-12-000-0210
UPID
US18-5126866
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
-
Aldrich Tool Rental (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.62M
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.48M
Owner & transaction history
1601 Cec Hodlings LLC · 1 yrs held
1601 Cec Hodlings LLC
since 2025
7 recorded transactions
Zoning & alternative use
CG · West Palm Beach, 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 West Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Palm 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,755,000
6.5%
$1,620,000
7%
$1,505,000
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±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
$198 / 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
$25,301
Tax year 2023
Assessed value
$1,430,028
Assessed 2023
Previous assessed
$1,418,314
+0.8% YoY
Effective rate
1.77%
On assessed value
Assessed land
$795,417
Assessed improvement
$634,611
Land market value
$795,417
Improvement market value
$634,611
Total market value
$1,430,028
Applied tax rate
197.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Bathrooms
1
Total area
7,458 SF
Lot
1.66 ac (72,114 SF)
Zoning code
CG
APN
00-43-43-30-12-000-0210
UPID
US18-5126866
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · West Palm Beach, FL
Zoning CG · permitted uses
CG · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Palm Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
1601 Cec Hodlings LLC
Entity
Mailing address
1601 N CONGRESS AVE, WEST PALM BEACH, FL 33409-5152
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2025
$3,477,000
1601 Cec Hodlings LLC
1604 North Congress LLC
Warranty Deed
$2,949,000 · Velocitysba LLC
Feb 5, 2025
—
1601 Cec Holdings LLC
—
Deed
related
$270,000 · 1601 North Congress LLC
Jan 19, 2021
$4,185,000
1645 Congress LLC
Ssab Florida Co LLC
Grant Deed
—
Jun 20, 2018
—
1601 North Conress LLC
Aldrich Tool Rental INC
Grant Deed
related
—
Jun 4, 2018
$512,102
1601 North Congress LLC
Aldrich Tool Rental INC
Warranty Deed
$512,102 · Bankunited Fsb
Sep 27, 1999
$130,000
Aldrich Tool Rental INC
Shafer,beverly A
Grant Deed
—
—
—
Aldrich Tool Rental INC
—
Deed Of Trust
related
$420,000 · Suntrust 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.
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