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Property profile & analytics
OFF-MARKET
Estimated value
$1,505,000
Residential income homes
1919 Doffer Ln North Palm Beach, FL 33408-3030
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4796091
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1976
Construction
CONCRETE
Total area
3,529 SF
Lot
0.89 ac (38,768 SF)
Zoning code
RH
APN
00-43-42-04-00-000-3250
UPID
US18-4796091
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
by Request
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.51M
Owner & transaction history
1919 Doffer Lane LLC · 4 yrs held
1919 Doffer Lane LLC
since 2022
7 recorded transactions
Zoning & alternative use
RH · North 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 North Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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%
$1,100,000
6.5%
$1,015,000
7%
$945,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,100,000
Current use
MEDICAL BUILDING
$1,910,000
Change: -9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,815,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.51M
Range $1.35M – $1.66M · ±10%
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
$426 / 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
$37,108
Tax year 2023
Assessed value
$2,076,516
Assessed 2023
Previous assessed
$2,076,516
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$660,000
Assessed improvement
$1,416,516
Land market value
$660,000
Improvement market value
$1,416,516
Total market value
$2,076,516
Applied tax rate
221.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1976
Construction
CONCRETE
Heating
YES
Cooling
CENTRAL
Buildings
3
Stories
1
Units
4
Bathrooms
4
Total area
3,529 SF
Lot
0.89 ac (38,768 SF)
Zoning code
RH
APN
00-43-42-04-00-000-3250
UPID
US18-4796091
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RH · North Palm Beach, FLZoning RH · permitted uses
RH · North Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1976
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
4
Bathrooms
4
Lot
0.89 ac
Current owner
From public records · entity-resolved
1919 Doffer Lane LLC
Entity
Mailing address
700 OCEAN ROYALE WAY APT #1205, JUNO BEACH, FL 33408-1326
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2022
—
1919 Doffer Lane LLC
700 Ocean Royale Way LLC
Warranty Deed
—
Oct 3, 2018
$1,937,500
700 Ocean Royale Way LLC
Juno Apartments LLC
Warranty Deed
—
Apr 13, 2016
$1,470,000
Juno Apartments LLC
Ben Investments Doffer LLC
Grant Deed
$1,176,000 · Banco Popular
Jun 24, 2013
$875,000
Ben Investments Doffer LLC
Bleecker-grove Assocs Fl
Warranty Deed
—
Jul 18, 2005
$1,452,750
Bleecker-grove Assocs Fl LLC
Lynch,john A
Warranty Deed
—
Aug 12, 2004
—
John A Lynch
Lynch Thomas V JR Trust
Quit Claim Deed
related
$500,000 · Bankatlantic Fsb
—
—
Cosmetics 4 Less INC
—
Deed Of Trust
related
$1,100,000 · Floridian Cmnty Bk
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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