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Property profile & analytics
OFF-MARKET
Estimated value
$23,885,000
Industrial properties
1701 Okeechobee Rd West Palm Beach, FL 33409-5225
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US18-4668106
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2002
Construction
CONCRETE
Total area
104,730 SF
Lot
7.82 ac (340,639 SF)
Zoning code
IPD
APN
74-43-43-29-19-001-0000
UPID
US18-4668106
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
$24.46M
Comparable Approach
Comparable
$30.33M
Blend (final)
Blend
$23.89M
Owner & transaction history
Duke Pac 1 & 3 LLC · 15 yrs held
Duke Pac 1 & 3 LLC
since 2011
3 recorded transactions
Zoning & alternative use
IPD · West 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$26,495,000
6.5%
$24,460,000
7%
$22,710,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$38,005,000
Current use
Blend value · Realmo final
$23.89M
Range $21.50M – $26.27M · ±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
$228 / 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
$271,430
Tax year 2023
Assessed value
$11,898,698
Assessed 2023
Previous assessed
$10,773,114
+10.4% YoY
Effective rate
2.28%
On assessed value
Assessed land
$2,842,721
Assessed improvement
$9,055,977
Land market value
$2,842,721
Improvement market value
$9,055,977
Total market value
$11,898,698
Applied tax rate
74,402.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
104,730 SF
Lot
7.82 ac (340,639 SF)
Zoning code
IPD
APN
74-43-43-29-19-001-0000
UPID
US18-4668106
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IPD · West Palm Beach, FL
Zoning IPD · permitted uses
IPD · 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
COMMERCIAL (GENERAL) Current
Est. value
$38.0M
COMMERCIAL (GENERAL) Current
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
2002
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
7.82 ac
Current owner
From public records · entity-resolved
Duke Pac 1 & 3 LLC
Entity
Mailing address
1800 WAZEE ST STE #500, DENVER, CO 80202-2526
Ownership since
2011
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
Jan 6, 2011
$16,822,000
Duke Pac 1 & 3 LLC
Premier Airport Center LLP
Grant Deed
$9,269,764 · Teachers Insurance & Annuity
—
—
Premier Airport Center LLP
—
Deed Of Trust
related
$4,460,000 · Teachers Insurance & Annuity
—
—
Premier Airport Center LLP
—
Deed Of Trust
related
$40,000,000 · Teachers Insurance & Annuity
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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