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Property profile & analytics
OFF-MARKET
Estimated value
$8,345,000
Residential income homes
1769 Shadetree Way A Palm Springs, FL 33406-6589
Entity Owned
5-yr Hold
Property ID
US18-4393241
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1983
Construction
WOOD
Total area
2,880 SF
Lot
8.1 ac (352,958 SF)
Zoning code
RM
APN
70-43-44-07-00-000-7240
UPID
US18-4393241
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
$8.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.35M
Owner & transaction history
Shadetree Gardens LP · 5 yrs held
Shadetree Gardens LP
since 2021
Last sale
$7.1M
4 recorded transactions
Zoning & alternative use
RM · Palm Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the purpose of the RM residential multiple family land development district to provide an emphasis on multiple family residences, while preserving and protecting the residential character of the village. A clustering of units and a variety of housing design and styles is encouraged in the RM district, while maintaining an appropriate density that will…
Zone name
Residential Multiple Family
General category
RESIDENTIAL
Zone area
977.11 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 Palm Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Springs 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
$8,345,000
ML approach
$8,555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.35M
Range $7.51M – $9.18M · ±10% · vs last sale $7.06M (May 17 2021)
Last sale anchor
$7.06M
May 17 2021
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
$2,898 / 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
$139,344
Tax year 2023
Assessed value
$5,960,853
Assessed 2023
Previous assessed
$5,960,853
+0.0% YoY
Effective rate
2.34%
On assessed value
Assessed land
$2,660,000
Assessed improvement
$3,300,853
Land market value
$2,660,000
Improvement market value
$3,300,853
Total market value
$5,960,853
Applied tax rate
70,453.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1983
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Buildings
10
Stories
1
Units
4
Bathrooms
79
Total area
2,880 SF
Lot
8.1 ac (352,958 SF)
Zoning code
RM
APN
70-43-44-07-00-000-7240
UPID
US18-4393241
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RM · Palm Springs, FLZoning RM · permitted uses
RM · Palm Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is the purpose of the RM residential multiple family land development district to provide an emphasis on multiple family residences, while preserving and protecting the residential character of the village. A clustering of units and a variety of housing design and styles is encouraged in the RM district, while maintaining an appropriate density that will complement the surrounding development in the village. The gross density shall not exceed 5.8 dwelling units per acre for single family detached dwelling developments.
Zone name
Residential Multiple Family
General category
RESIDENTIAL
Zone area
977.11 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1983
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
10
Units
4
Bathrooms
79
Lot
8.1 ac
Current owner
From public records · entity-resolved
Shadetree Gardens LP
Entity
Mailing address
999 WATERSIDE DR STE #2300, NORFOLK, VA 23510-3324
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2021
$7,060,519
Shadetree Gardens LP
Cf Spring Gate Pool 2 LLC
Special Warranty Deed
$5,648,000 · Berkadia Commercial Mortgage LLC
Jul 23, 2019
—
Cf Spring Gate Pool 2 LLC
—
Loan Modification
related
$53,537,500 · Arbor Realty SR
Jan 2, 2018
$4,192,599
Cf Spring Gate Pool 2 LLC
Cf Florida Owner LLC
Quit Claim Deed
related
—
Aug 5, 2015
$6,234,700
Cf Florida Owner LLC
Shadetree Apartments Ltd
Quit Claim Deed
related
$268,710,000 · * Other Institutional Lenders
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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