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Property profile & analytics
OFF-MARKET
Estimated value
$7,070,000
Strip malls
1900 Okeechobee Blvd West Palm Beach, FL 33409-4119
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US18-2359113
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
CONCRETE
Total area
45,866 SF
Lot
5.21 ac (227,117 SF)
Zoning code
MUPD
APN
00-43-43-29-06-000-0010
UPID
US18-2359113
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
-
Pure Barre Gym & Fitness Center
-
Orangetheory Fitness Gym & Fitness Center
-
Rose Pierce Portrait (Bike/Boat/Book/etc) Store Photography Service
-
X-Golf West Palm Beach Golf Course
-
Edible Arrangements (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.07M
Owner & transaction history
Palm Beach Marketplace LLC · 15 yrs held
Palm Beach Marketplace LLC
since 2011
3 recorded transactions
Zoning & alternative use
MUPD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$154 / 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
$82,405
Tax year 2023
Assessed value
$8,304,794
Assessed 2023
Previous assessed
$8,056,432
+3.1% YoY
Effective rate
0.99%
On assessed value
Assessed land
$2,641,394
Assessed improvement
$5,663,400
Land market value
$2,641,394
Improvement market value
$5,663,400
Total market value
$8,304,794
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
45,866 SF
Lot
5.21 ac (227,117 SF)
Zoning code
MUPD
APN
00-43-43-29-06-000-0010
UPID
US18-2359113
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MUPD · West Palm Beach, FLZoning MUPD · permitted uses
MUPD · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1988
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
5.21 ac
Current owner
From public records · entity-resolved
Palm Beach Marketplace LLC
Entity
Mailing address
PO BOX 936, PALM BEACH, FL 33480-0936
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2011
$6,200,000
Palm Beach Marketplace LLC
Pbm Associates Ltd
Special Warranty Deed
$4,700,000 · Wells Fargo Bank NA
—
—
Pbm Associates Ltd
—
Deed Of Trust
related
$6,412,500 · Gmac Commercial Mortgage Corp
—
—
Pbm Associates Ltd
—
Deed Of Trust
related
$2,500,000 · Anchor Commercial Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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