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Property profile & analytics
OFF-MARKET
Turn key restaurants
1604 28th St Riviera Beach, FL 33404-4046
Entity Owned
~
Est. High Equity
Property ID
US19-0511863
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1928
Construction
WOOD
Total area
2,184 SF
Lot
0.28 ac (12,149 SF)
Zoning code
CN
APN
56-43-42-29-02-038-0010
UPID
US19-0511863
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
by Request
Owner & transaction history
Zee Investment Group LLC
Zee Investment Group LLC
since 2026
Last sale
$350,000
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
—
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
$5,015
Tax year 2023
Assessed value
$209,980
Assessed 2023
Previous assessed
$190,974
+10.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$21,745
Assessed improvement
$188,235
Land market value
$21,745
Improvement market value
$188,235
Total market value
$209,980
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1928
Construction
WOOD
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
1
Total area
2,184 SF
Lot
0.28 ac (12,149 SF)
Zoning code
CN
APN
56-43-42-29-02-038-0010
UPID
US19-0511863
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
1928
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Zee Investment Group LLC
Entity
Mailing address
628 EDGEBROOK LN, ROYAL PALM BEACH, FL 33411-5301
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2026
$429,000
Zee Investment Group LLC
1 Ave S LLC
Warranty Deed
$330,000 · Barry Schnittman LLC
Jul 7, 2022
—
Blue Riviera Properties LLC
Abdel Hamed Caled
Correction Deed
related
—
May 26, 2022
$350,000
1 Ave S LLC
Blue Riviera Properties LLC
Warranty Deed
$50,000 · C1176 Investment LLC
May 26, 2022
—
Blue Riviera Properties LLC
Abdel Hamed Caled
Correction Deed
related
$300,000 · Barry Schnittman
Apr 1, 2016
—
Blue Rivierae Properties LLC
Hamed,caled A
Quit Claim Deed
related
—
Feb 26, 2016
—
Blue Riviera Properties LLC
Hamed,caled A
Quit Claim Deed
related
—
Dec 7, 2007
—
Caled A Hamed
—
Trustees Deed
related
$200,000 · Lake Worth Road Building Invtr
Sep 13, 2000
$130,000
Caled A Hamed
Hagwood,harry B & Carolyn J
Grant Deed
$97,038 · First Union National Bank
—
—
Harry B Hagwood
—
Deed Of Trust
related
$82,080 · Bank Of America
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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