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Property profile & analytics
OFF-MARKET
Estimated value
$12,595,000
Hotels
1910 Palm Bch Lks Blvd West Palm Beach, FL 33409-3504
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US19-0858266
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1989
Construction
CONCRETE
Total area
43,649 SF
Lot
1.51 ac (65,741 SF)
Zoning code
CPD
APN
74-43-43-19-05-037-0041
UPID
US19-0858266
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
$8.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.60M
Owner & transaction history
Northstar Hotels LLC · 3 yrs held
Northstar Hotels LLC
since 2023
Last sale
$13.3M
7 recorded transactions
Zoning & alternative use
CPD · 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
$14,240,000
ML approach
$8,845,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$18,285,000
Current use
INDUSTRIAL (GENERAL)
$18,220,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$18,110,000
Change: -1% · Conversion: Difficult
WAREHOUSE, STORAGE
$17,360,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$12.60M
Range $11.34M – $13.85M · ±10% · vs last sale $13.26M (Feb 8 2023)
Last sale anchor
$13.26M
Feb 8 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
$289 / 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
$200,300
Tax year 2023
Assessed value
$9,048,497
Assessed 2023
Previous assessed
$6,354,633
+42.4% YoY
Effective rate
2.21%
On assessed value
Assessed land
$4,120,000
Assessed improvement
$4,928,497
Land market value
$4,120,000
Improvement market value
$4,928,497
Total market value
$9,048,497
Applied tax rate
74,407.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1989
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
6
Units
106
Rooms
1
Bathrooms
321
Total area
43,649 SF
Lot
1.51 ac (65,741 SF)
Zoning code
CPD
APN
74-43-43-19-05-037-0041
UPID
US19-0858266
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CPD · West Palm Beach, FL
Zoning CPD · permitted uses
CPD · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$18.3M
INDUSTRIAL (GENERAL)
Est. value
$18.2M
RETAIL STORES
Est. value
$18.1M
WAREHOUSE, STORAGE
Est. value
$17.4M
HOTEL/MOTEL Current
INDUSTRIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1989
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
6
Units
106
Rooms
1
Bathrooms
321
Lot
1.51 ac
Current owner
From public records · entity-resolved
Northstar Hotels LLC
Entity
Mailing address
7325 HARLIE ST, ORLANDO, FL 32819-5192
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2023
$13,258,400
Northstar Hotels LLC
Cavalier Florida LP
Special Warranty Deed
$7,000,000 · Wauchula State Bank
Mar 31, 2022
—
Cavalier Florida LP
Cplg Wellesley Properties LLC
Special Warranty Deed
$104,020,000 · Deutsche Bank
Jun 6, 2018
—
Cplg Wellesley Properties L L C
—
Deed
related
$103,500,000 · Jpmorgan Chase Bank NA
Jun 17, 2013
—
Bre Of Wellesley Properties LLC
—
Loan Modification
related
$175,400,000 · Wells Fargo Bk #2007-bba8 (ce)
May 24, 2011
—
Bre Of Wellesley Properties LLC
—
Deed Of Trust
related
$175,400,000 · Wells Fargo Bk #2007-bba8 (ce)
Jun 7, 2006
—
Bre Of Wellesley Properties LLC
—
Deed Of Trust
related
$175,400,000 · * Other Institutional Lenders
Feb 16, 2006
$8,100,000
Bre Of Florida Wellesley LLC
Palm Beach Hospitality LLC
Warranty Deed
—
Dec 27, 2001
$3,620,000
Palm Beach Hospility LLC
Prime Hospitality Corp
Grant Deed
$2,088,000 · General Electric Capital Corp
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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