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Property profile & analytics
FOR LEASE
Manufacturing properties
1601 Hill Ave E Mangonia Park, FL 33407
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3585879
For Lease
1 / 2
$13.95 SF/Yr
1601 Hill Ave,Unit E, Mangonia Park, FL 33407
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1985
Construction
CONCRETE
Total area
109,225 SF
Lot
6.6 ac (287,570 SF)
Zoning code
I
APN
44-43-43-05-11-001-0140
UPID
US18-3585879
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
$15.42M
Comparable Approach
Comparable
$24.06M
Blend (final)
Blend
$22.29M
Owner & transaction history
Avid 1601 Hill Owner LLC · 4 yrs held
Avid 1601 Hill Owner LLC
since 2022
Last sale
$22.0M
7 recorded transactions
Zoning & alternative use
I · Mangonia Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to provide industrial uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
237.80 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 Mangonia Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mangonia Park 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
$21,095,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,700,000
6.5%
$15,415,000
7%
$14,315,000
Blend value · Realmo final
$22.29M
Range $20.06M – $24.52M · ±10% · vs last sale $22.00M (Apr 4 2022)
Last sale anchor
$22.00M
Apr 4 2022
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
$204 / 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
$466,698
Tax year 2023
Assessed value
$18,185,409
Assessed 2023
Previous assessed
$18,185,409
+0.0% YoY
Effective rate
2.57%
On assessed value
Assessed land
$1,995,743
Assessed improvement
$16,189,666
Land market value
$1,995,743
Improvement market value
$16,189,666
Total market value
$18,185,409
Applied tax rate
44,407.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1985
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
5
Stories
3
Rooms
1
Total area
109,225 SF
Lot
6.6 ac (287,570 SF)
Zoning code
I
APN
44-43-43-05-11-001-0140
UPID
US18-3585879
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I · Mangonia Park, FLZoning I · permitted uses
I · Mangonia Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to provide industrial uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
237.80 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Buildings
5
Rooms
1
Lot
6.6 ac
Current owner
From public records · entity-resolved
Avid 1601 Hill Owner LLC
Entity
Mailing address
258 SE 6TH AVE STE #4, DELRAY BEACH, FL 33483-5259
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Apr 4, 2022
$22,000,000
Avid 1601 Hill Owner LLC
Alliance Hsp West Palm Warehouse Ll
Special Warranty Deed
$17,498,000 · Inpoint Reit Operating Partnership
Apr 15, 2019
$8,700,000
Alliance Hsp West Palm Warehouse Ll
Louis A Gaeta JR Non Exempt Q Tip T
Special Warranty Deed
$11,650,000 · Webster Bank NA
May 3, 2018
—
Gaeta Ltd Liability LP 3
—
Deed
related
$1,270,597 · Northern Tr
Nov 12, 2010
$5,106,474
1601 Hill Avenue LLC
National Land Co LLC
Deed In Lieu Of Foreclosure
related
—
—
—
Lllp 3 Gaeta
—
Deed Of Trust
related
—
—
—
1601 Hill Avenue LLC
—
Deed Of Trust
related
$600,000 · Northern Trust Co
—
—
Gaeta Ltd Liability LP 3
—
Loan Modification
related
$1,270,597 · Northern Tr
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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