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Property profile & analytics
OFF-MARKET
Estimated value
$1,980,000
Showrooms
1601 Gln Rd, Glen Ridge, FL 33406-3217
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-3411781
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2022
Construction
CONCRETE
Total area
7,464 SF
Lot
0.86 ac (37,405 SF)
Zoning code
C-1
APN
14-43-44-05-14-002-0092
UPID
US18-3411781
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
$1.75M
Comparable Approach
Comparable
$2.24M
Blend (final)
Blend
$1.98M
Owner & transaction history
Pedro R Rodriguez · 9 yrs held
Pedro R Rodriguez
since 2016
7 recorded transactions
Zoning & alternative use
C-1 · Glen Ridge, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$3.1M
+7.4%
Retail stores
$3.1M
+6.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,890,000
6.5%
$1,745,000
7%
$1,620,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,900,000
Current use
INDUSTRIAL (GENERAL)
$3,115,000
Change: +7% · Conversion: Moderate
RETAIL STORES
$3,095,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$1.98M
Range $1.78M – $2.18M · ±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
$265 / 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
$31,451
Tax year 2023
Assessed value
$1,915,459
Assessed 2023
Previous assessed
$494,521
+287.3% YoY
Effective rate
1.64%
On assessed value
Assessed land
$519,209
Assessed improvement
$1,396,250
Land market value
$519,209
Improvement market value
$1,396,250
Total market value
$1,915,459
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2022
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
2
Total area
7,464 SF
Lot
0.86 ac (37,405 SF)
Zoning code
C-1
APN
14-43-44-05-14-002-0092
UPID
US18-3411781
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$3.1M
RETAIL STORES
Est. value
$3.1M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2022
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
Pedro R Rodriguez
Individual
Mailing address
6614 PAMELA LN, WEST PALM BEACH, FL 33405-4177
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2022
—
Jss Industries LLC
—
Deed
related
$250,000 · Seacoast National Bank
Sep 23, 2019
—
Jss Industries LLC
—
Loan Modification
related
$1,560,000 · First Bk/the Palm Beaches
Apr 5, 2017
—
Jss Industries LLC
—
Deed
related
$280,327 · First Bk/the Palm Beaches
Sep 27, 2016
—
Pedro R Rodriguez
Rodriguez,pedro
Quit Claim Deed
related
—
Jul 28, 2016
$580,000
Jss Industries LLC
1630 Southern Boulevard LLC
Grant Deed
$290,000 · First Bk/the Palm Beaches
Jun 27, 2016
$115,000
Pedro Rodriguez
1630 Southern Boulevard LLC
Grant Deed
—
Dec 20, 2005
$610,000
1630 Southern Boulevard LLC
Jacques,brian E & Heather
Warranty Deed
—
Oct 1, 1983
$32,000
Joseph Macy
Erneston,jr J Danie
Warranty Deed
related
—
—
—
Brian E Jacques
—
Deed Of Trust
related
$26,700 · Nationsbank NA (south)
—
—
Brian Jacques
—
Deed Of Trust
related
$130,400 · Abn Amro Mortgage Group INC
—
—
Jss Industries LLC
—
Loan Modification
related
$280,327 · First Bk/the Palm Beaches
—
—
Brian Jacques
—
Deed Of Trust
related
$157,500 · Union Planters National Bank
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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