New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Mobile home & RV parks
1960 Old Congress Ave, West Palm Beach, FL 33409-6308
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4909775
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1952
Total area
900 SF
Lot
1.79 ac (78,068 SF)
Zoning code
CN
APN
00-43-43-29-00-000-7160
UPID
US18-4909775
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
$1.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.65M
Owner & transaction history
Mhc LLC · 4 yrs held
Mhc LLC
since 2021
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
CN · 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
$1,840,000
ML approach
$1,955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±10% · vs last sale $1.40M (Sep 24 2021)
Last sale anchor
$1.40M
Sep 24 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
$1,833 / 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
$31,560
Tax year 2023
Assessed value
$1,025,317
Assessed 2023
Previous assessed
$983,940
+4.2% YoY
Effective rate
3.08%
On assessed value
Assessed land
$1,014,897
Assessed improvement
$10,420
Land market value
$1,014,897
Improvement market value
$10,420
Total market value
$1,025,317
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
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Status
Off-Market
Year built
1952
Heating
NONE
Stories
1
Bathrooms
2
Total area
900 SF
Lot
1.79 ac (78,068 SF)
Zoning code
CN
APN
00-43-43-29-00-000-7160
UPID
US18-4909775
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CN · West Palm Beach, FL
Zoning CN · permitted uses
CN · 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.
Building & site characteristics
From public records
Year built
1952
Heating
NONE
Stories
1
Bathrooms
2
Lot
1.79 ac
Current owner
From public records · entity-resolved
Mhc LLC
Entity
Mailing address
10221 RIV RD UNIT #59831, POTOMAC, MD 20859-7527
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2022
—
Applegate Mh Community LLC
—
Deed
related
$49,803,285 · Parakeet Lender 1 LLC
Sep 24, 2021
$1,397,500
Mhc LLC
Golobo Ventrue III INC
Special Warranty Deed
—
Feb 12, 2019
—
Golobo Venture III INC
—
Deed
related
—
May 5, 2011
—
Golobo Venture III INC
Pine Properties Corp
Warranty Deed
—
Feb 1, 2005
$350,000
Golobo Venture III INC
Pine Properties Corp
Warranty Deed
—
Feb 29, 2000
$575,000
Pine Properties Corp
Golobo Venture II INC
Grant Deed
$385,000 · Seller
—
—
Golobo Venture III INC
—
Loan Modification
related
—
—
—
Golobo Venture III INC
—
Loan Modification
related
—
—
—
Golobo Venture III INC
—
Deed Of Trust
related
$25,000 · Fidelity Federal Bank & Trust
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1960 Old Congress Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
