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Property profile & analytics
OFF-MARKET
Estimated value
$3,740,000
Medical Office Space
1911 Flagler Dr West Palm Beach, FL 33407-6111
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-4518722
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1958
Construction
CONCRETE
Total area
2,939 SF
Lot
0.27 ac (11,888 SF)
Zoning code
CMUD-CI
APN
74-43-43-15-16-001-0126
UPID
US18-4518722
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
-
Coldwell Banker Realty - West Palm Beach Intracoastal Real Estate Agency
-
Moorehead & Ferlita Dental Office
-
Dion & Forsyth, P.A. Law Firm
-
Yanik Flores Campos, Realtor® - Coldwell Banker Real Estate Agency
-
Christian Hargreaves Coldwell Banker Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.43M
Blend (final)
Blend
$3.74M
Owner & transaction history
1911 N Flagler Drive Associates LLC · 5 yrs held
1911 N Flagler Drive Associates LLC
since 2021
Last sale
$4.0M
6 recorded transactions
Zoning & alternative use
CMUD-CI · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.74M
Range $3.37M – $4.11M · ±10% · vs last sale $4.00M (Jul 19 2021)
Last sale anchor
$4.00M
Jul 19 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
$1,273 / 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
$38,293
Tax year 2023
Assessed value
$1,813,050
Assessed 2023
Previous assessed
$1,748,780
+3.7% YoY
Effective rate
2.11%
On assessed value
Assessed land
$1,486,000
Assessed improvement
$327,050
Land market value
$1,486,000
Improvement market value
$327,050
Total market value
$1,813,050
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1958
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,939 SF
Lot
0.27 ac (11,888 SF)
Zoning code
CMUD-CI
APN
74-43-43-15-16-001-0126
UPID
US18-4518722
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CMUD-CI · West Palm Beach, FLZoning CMUD-CI · permitted uses
CMUD-CI · 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
1958
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
1911 N Flagler Drive Associates LLC
Entity
Mailing address
1911 N FLAGLER DR, WEST PALM BEACH, FL 33407-6111
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
Mar 21, 2023
—
1919 N Flagler Drive Associates LLC
—
Deed
related
$50,100,000 · 1919 N Flagler Dr 1 LLC
Jul 19, 2021
$4,000,000
1911 N Flagler Drive Associates LLC
Michael Gardner Thorstad
Warranty Deed
$2,500,000 · Flagler Sea View Investor LLC
Sep 28, 2007
—
Thorstad Janice L Trust
Thorstad,janice L
Quit Claim Deed
related
—
May 30, 2007
—
Janice L Thorstad
Viking IV
Quit Claim Deed
related
—
Oct 30, 2006
—
Viking IV
Thorstad,janice L
Quit Claim Deed
related
—
Dec 29, 2004
—
Viking
Thorstad,janice L
Quit Claim Deed
related
—
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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