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Property profile & analytics
OFF-MARKET
Estimated value
$5,190,000
Office buildings
189 Bradley Pl Palm Beach, FL 33480-3791
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US19-0840484
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1928
Construction
CONCRETE
Total area
5,053 SF
Lot
0.13 ac (5,489 SF)
Zoning code
C-TS
APN
50-43-43-15-05-000-0011
UPID
US19-0840484
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
-
Palm Beach Real Estate Inc. Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.19M
Owner & transaction history
Richard Sammons · 3 yrs held
Richard Sammons
since 2023
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
C-TS · Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+74.0%
Apartment house (5+ units)
$3.5M
+72.8%
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$4,860,000
ML approach
$4,995,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,490,000
Change: +74% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,465,000
Change: +73% · Conversion: Easy
Blend value · Realmo final
$5.19M
Range $4.67M – $5.71M · ±10% · vs last sale $5.45M (Jan 12 2023)
Last sale anchor
$5.45M
Jan 12 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
$1,027 / 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
$62,100
Tax year 2023
Assessed value
$4,120,909
Assessed 2023
Previous assessed
$3,538,400
+16.5% YoY
Effective rate
1.51%
On assessed value
Assessed land
$2,543,688
Assessed improvement
$1,577,221
Land market value
$2,543,688
Improvement market value
$1,577,221
Total market value
$4,120,909
Applied tax rate
50,411.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1928
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
2
Total area
5,053 SF
Lot
0.13 ac (5,489 SF)
Zoning code
C-TS
APN
50-43-43-15-05-000-0011
UPID
US19-0840484
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-TS · Palm Beach, FL
Zoning C-TS · permitted uses
C-TS · Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.5M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1928
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Richard Sammons
Individual
Mailing address
455 WORTH AVE APT #303, PALM BEACH, FL 33480-4555
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2023
$5,450,000
Richard Sammons
189 Bradley Place LLC
Warranty Deed
—
Aug 23, 2021
—
189 Bradley Place LLC
Wayne Greenleaf
Warranty Deed
—
Jun 30, 2021
$4,275,000
Wayne Greenleaf
Eternal Holdings LLC
Special Warranty Deed
—
Feb 28, 2017
—
Three Pearls LLC
—
Deed
related
$4,400,000 · Harel Ff LP
Apr 6, 2007
$1,625,000
Three Pearls LLC
Diabetes Research & Wellness F
Warranty Deed
$1,313,000 · Grand Bank & Trust Of Florida
Mar 23, 2001
$1,270,000
Diabetes
Greene,peter A
Grant Deed
$1,000,000 · La Tierra Ventures
—
—
Three Pearls LLC
—
Deed Of Trust
related
$2,795,000 · Eternal Holdings LLC
—
—
Three Pearls LLC
—
Deed Of Trust
related
$1,300,000 · Spring7 Loft LLC
—
—
Three Pearls LLC
—
Deed Of Trust
related
$1,313,000 · Grand Bank & Trust Of Florida
—
—
Three Pearls LLC
—
Deed Of Trust
related
$4,400,000 · Harel Ff LP
—
—
Tara E Pearl
—
Deed Of Trust
related
$150,000 · Southeast Florida Mgmt INC
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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