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Property profile & analytics
FOR LEASE
Showrooms
170 Business Park Way Royal Palm Beach, FL 33411
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US19-0183828
For Lease
1 / 37
$1,460,000
170 Business Park Way, Royal Palm Beach, FL 33411
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1996
Construction
CONCRETE
Total area
8,912 SF
Lot
0.71 ac (30,801 SF)
Zoning code
IG
APN
72-41-43-25-16-000-0430
UPID
US19-0183828
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
$1.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$1.46M
Owner & transaction history
170 Business Parkway LLC · 5 yrs held
170 Business Parkway LLC
since 2020
Last sale
$999,600
7 recorded transactions
Zoning & alternative use
IG · Royal 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 Royal Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Royal 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
$1,430,000
ML approach
$1,540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.46M
Range $1.31M – $1.61M · ±10% · vs last sale $1,000k (Sep 1 2020)
Last sale anchor
$1,000k
Sep 1 2020
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
$164 / 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
$24,688
Tax year 2023
Assessed value
$1,328,541
Assessed 2023
Previous assessed
$1,170,716
+13.5% YoY
Effective rate
1.86%
On assessed value
Assessed land
$321,860
Assessed improvement
$1,006,681
Land market value
$321,860
Improvement market value
$1,006,681
Total market value
$1,328,541
Applied tax rate
72,486.0000
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
For Lease
Year built
1996
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
8,912 SF
Lot
0.71 ac (30,801 SF)
Zoning code
IG
APN
72-41-43-25-16-000-0430
UPID
US19-0183828
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IG · Royal Palm Beach, FL
Zoning IG · permitted uses
IG · Royal Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Royal Palm Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
170 Business Parkway LLC
Entity
Mailing address
515 N FLAGLER DR FL #20, WEST PALM BEACH, FL 33401-4330
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2022
—
170 Business Parkway LLC
—
Deed
related
$2,625,000 · First Horizon Bank
Sep 1, 2020
$999,600
170 Business Parkway LLC
American Auto Collisio Coc
Foreclosure
—
Nov 20, 2007
$1,300,000
American Auto Collision Center INC
V & G Management LLC
Warranty Deed
$1,100,000 · Lehman Brothers Bank Fsb
Oct 20, 2003
—
V & G Management LLC
Hartsuiker,john
Quit Claim Deed
related
—
Jan 22, 2001
$670,000
John H Hartsuiker
Ewing,james T & Carla H
Grant Deed
$536,000 · Southtrust Bank NA
—
—
James T Ewing
—
Deed Of Trust
related
$450,000 · Southtrust Bank NA
—
—
John H Hartsuiker
—
Deed Of Trust
related
$64,300 · Southtrust Bank NA
—
—
V & G Management LLC
—
Deed Of Trust
related
$584,680 · Bankatlantic Fsb
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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