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Property profile & analytics
OFF-MARKET
Estimated value
$2,925,000
Car washes
1950 Golden Lks Blvd West Palm Beach, FL 33411-2187
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US19-0658747
Property profile
Verified
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Year built
2016
Construction
CONCRETE
Total area
6,689 SF
Lot
1.88 ac (81,788 SF)
Zoning code
GC
APN
74-42-43-28-43-005-0000
UPID
US19-0658747
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
$3.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.93M
Owner & transaction history
1950 Golden Lakes Opco LLC · 4 yrs held
1950 Golden Lakes Opco LLC
since 2021
Last sale
$2.5M
5 recorded transactions
Zoning & alternative use
GC · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.0M
+15.7%
Medical building
$3.6M
+5.2%
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
$3,295,000
ML approach
$3,410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,445,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,985,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$3,620,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,790,000
Change: -19% · Conversion: Easy
RETAIL STORES
$2,775,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.93M
Range $2.63M – $3.22M · ±10% · vs last sale $2.50M (Oct 29 2021)
Last sale anchor
$2.50M
Oct 29 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
$437 / 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
$88,008
Tax year 2023
Assessed value
$4,093,146
Assessed 2023
Previous assessed
$3,873,879
+5.7% YoY
Effective rate
2.15%
On assessed value
Assessed land
$2,003,855
Assessed improvement
$2,089,291
Land market value
$2,003,855
Improvement market value
$2,089,291
Total market value
$4,093,146
Applied tax rate
74,402.0000
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
Car washes
Use group
CAR WASH - AUTOMATED
Status
Off-Market
Year built
2016
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
3
Stories
2
Total area
6,689 SF
Lot
1.88 ac (81,788 SF)
Zoning code
GC
APN
74-42-43-28-43-005-0000
UPID
US19-0658747
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
GC · West Palm Beach, FL
Zoning GC · permitted uses
GC · 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
AUTO REPAIR, GARAGE Current
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$3.6M
INDUSTRIAL (GENERAL)
Est. value
$2.8M
RETAIL STORES
Est. value
$2.8M
AUTO REPAIR, GARAGE Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2016
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Lot
1.88 ac
Current owner
From public records · entity-resolved
1950 Golden Lakes Opco LLC
Entity
Mailing address
4241 NORTHLAKE BLVD STE A, PALM BEACH GARDENS, FL 33410-6235
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2021
$2,500,000
1950 Golden Lakes Opco LLC
Azg INC
Warranty Deed
$5,000,000 · Paradise Bank
Jun 9, 2014
$1,035,000
Azg INC
Branch Bkng & Trust Co
Grant Deed
$517,500 · New Wave Loans Resid'l
Oct 12, 2006
$1,900,000
Branch Banking & Trust Co
American Financial Trs INC
Grant Deed
—
Sep 27, 2006
$1,250,000
American Financial Trs INC
Wachovia Bank NA
Grant Deed
—
—
—
Azg INC
—
Deed Of Trust
related
$4,100,000 · Metro Cty 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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