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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Grocery and convenience stores
1671 Forum Pl West Palm Beach, FL 33401-2303
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-2830511
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1972
Construction
CONCRETE
Total area
2,400 SF
Lot
0.21 ac (8,991 SF)
Zoning code
NC
APN
74-43-43-17-05-003-0011
UPID
US18-2830511
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
-
Stop & Go Convenience Store Grocery & Convenience Store
-
StopnGo Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
$595k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$625k
Owner & transaction history
Masood & Sons LLC · 2 yrs held
Masood & Sons LLC
since 2024
Last sale
$625,000
3 recorded transactions
Zoning & alternative use
NC · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+42.8%
Warehouse, storage
$955,000
+35.1%
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
$625,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
$645,000
6.5%
$595,000
7%
$555,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$705,000
Current use
OFFICE BUILDING
$1,010,000
Change: +43% · Conversion: Moderate
WAREHOUSE, STORAGE
$955,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $625k (Feb 5 2024)
Last sale anchor
$625k
Feb 5 2024
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
$260 / 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
$13,994
Tax year 2023
Assessed value
$529,310
Assessed 2023
Previous assessed
$522,573
+1.3% YoY
Effective rate
2.64%
On assessed value
Assessed land
$238,119
Assessed improvement
$291,191
Land market value
$238,119
Improvement market value
$291,191
Total market value
$529,310
Applied tax rate
74,407.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,400 SF
Lot
0.21 ac (8,991 SF)
Zoning code
NC
APN
74-43-43-17-05-003-0011
UPID
US18-2830511
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
NC · West Palm Beach, FL
Zoning NC · permitted uses
NC · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$705,000
OFFICE BUILDING
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$955,000
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1972
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Masood & Sons LLC
Entity
Mailing address
9221 DELEMAR CT, WELLINGTON, FL 33414-3423
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2024
—
Masood & Sons LLC
Mss Property Pb Lakes LLC
Quit Claim Deed
related
—
Sep 27, 2018
—
Mss Property Pb Lakes LLC
—
Deed
related
$525,000 · Suntrust Bank
Mar 13, 2017
$625,000
Mss Property Pb Lakes LLC
Lorraine Lighting Products Co INC
Warranty Deed
$525,000 · Hf Financial Properties INC
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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