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Property profile & analytics
OFF-MARKET
Estimated value
$7,755,000
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
$7.76M
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
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
$7.76M
Range $6.98M – $8.53M · ±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
$2,693 / 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, FL
Zoning 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
Palm Springs. Always verify with local authorities before improvements.
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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