Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,250,000
Grocery and convenience stores
1850 Okeechobee Blvd West Palm Beach, FL 33409-4107
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-6148422
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1965
Construction
STEEL FRAME
Total area
2,616 SF
Lot
0.69 ac (30,056 SF)
Zoning code
CG
APN
00-43-43-29-00-000-3660
UPID
US18-6148422
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
-
Brite Car Wash Car Wash
-
OK Pest Control Garden Center
-
Shell Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.37M
Blend (final)
Blend
$3.25M
Owner & transaction history
1850 Gas Station LLC · 4 yrs held
1850 Gas Station LLC
since 2021
Last sale
$2.8M
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
$3,690,000
ML approach
$3,575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.25M
Range $2.93M – $3.58M · ±10% · vs last sale $2.80M (Aug 18 2021)
Last sale anchor
$2.80M
Aug 18 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
$1,242 / 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
$28,867
Tax year 2023
Assessed value
$1,668,582
Assessed 2023
Previous assessed
$1,617,556
+3.2% YoY
Effective rate
1.73%
On assessed value
Assessed land
$1,221,998
Assessed improvement
$446,584
Land market value
$1,221,998
Improvement market value
$446,584
Total market value
$1,668,582
Applied tax rate
192.0000
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
1965
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
4
Bathrooms
2
Total area
2,616 SF
Lot
0.69 ac (30,056 SF)
Zoning code
CG
APN
00-43-43-29-00-000-3660
UPID
US18-6148422
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
1965
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
4
Bathrooms
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
1850 Gas Station LLC
Entity
Mailing address
9255 W SUNSET BLVD STE #800, WEST HOLLYWOOD, CA 90069-3320
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2021
—
1850 Gas Station LLC
Rj Petroleum Properties IV LLC
Lease
—
Aug 13, 2021
$2,800,000
Rj Petroleum Properties IV LLC
1850 East Okeechobee LLC
Special Warranty Deed
$1,960,000 · Bbcn Bank
Mar 24, 2008
$2,000,000
1850 East Okeechobee LLC
East Okeechobee Wash Venture L
Warranty Deed
—
Nov 12, 1999
$1,600,000
Emar INC
Boynton 433 INC
Grant Deed
$1,050,000 · Comerica Bank
—
—
Okeechobee Wash Venture L East
—
Deed Of Trust
related
$229,000 · David G Lambert
—
—
1850 East Okeechobee LLC
—
Deed Of Trust
related
$92,565 · East Okeechobee Wash Venture
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1850 Okeechobee Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
