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Property profile & analytics
OFF-MARKET
Estimated value
$2,305,000
Grocery and convenience stores
1755 Congress Ave West Palm Beach, FL 33409-5154
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-9985908
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1993
Construction
STEEL FRAME
Total area
1,972 SF
Lot
0.66 ac (28,584 SF)
Zoning code
CG
APN
00-43-43-30-12-000-0130
UPID
US18-9985908
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
-
Chevron Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.10M
Blend (final)
Blend
$2.31M
Owner & transaction history
Sunshine Gasoline Distributors INC · 3 yrs held
Sunshine Gasoline Distributors INC
since 2023
Last sale
$2.3M
6 recorded transactions
Zoning & alternative use
CG · 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
$2,490,000
ML approach
$2,285,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.31M
Range $2.07M – $2.54M · ±10% · vs last sale $2.32M (Jun 7 2023)
Last sale anchor
$2.32M
Jun 7 2023
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
$1,169 / 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
$19,054
Tax year 2023
Assessed value
$1,038,232
Assessed 2023
Previous assessed
$1,015,625
+2.2% YoY
Effective rate
1.84%
On assessed value
Assessed land
$665,173
Assessed improvement
$373,059
Land market value
$665,173
Improvement market value
$373,059
Total market value
$1,038,232
Applied tax rate
197.0000
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
1993
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
4
Total area
1,972 SF
Lot
0.66 ac (28,584 SF)
Zoning code
CG
APN
00-43-43-30-12-000-0130
UPID
US18-9985908
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · West Palm Beach, FL
Zoning CG · permitted uses
CG · 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.
Building & site characteristics
From public records
Year built
1993
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
4
Lot
0.66 ac
Current owner
From public records · entity-resolved
Sunshine Gasoline Distributors INC
Entity
Mailing address
87TH AVE, MIAMI, FL 33172
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2023
$2,319,609
Sunshine Gasoline Distributors INC
Sunshine Real Estate Holdings Lllp
Special Warranty Deed
$12,040,000 · Banesco USA
Jul 3, 2018
$2,000,000
Sunshine R & E Hldgs Lllp
K & F Ents Of USA INC
Warranty Deed
—
Mar 17, 2008
$1,300,000
K & F Ents Of USA INC
Family INC Of Palm Beach
Warranty Deed
$1,040,000 · Providence Bank
May 31, 2001
$1,200,000
Family INC Of Palm Beach
South Shore Oil Corp
Grant Deed
$1,100,000 · Amresco Independence Funding
Jan 8, 1998
$950,000
South Shore Oil Corp
Congress Petroleum Co
Grant Deed
$1,450,000 · Heller First Capital
—
—
South Shore Oil Corp
—
Deed Of Trust
related
$1,450,000 · Heller First Capital
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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