Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$32,015,000
High-rise multifamily apartments
1990 Augustine Rd West Palm Beach, FL 33411-5318
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2260558
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2019
Construction
STEEL FRAME
Total area
86,439 SF
Lot
8.97 ac (390,555 SF)
Zoning code
RPD
APN
74-42-43-29-31-001-0000
UPID
US18-2260558
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
$23.15M
Comparable Approach
Comparable
$31.76M
Blend (final)
Blend
$32.02M
Owner & transaction history
Azola West Palm Beach Owners LP · 8 yrs held
Azola West Palm Beach Owners LP
since 2017
6 recorded transactions
Zoning & alternative use
RPD · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Residential Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
4,891.18 ac
Source
Realmo
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%
$25,075,000
6.5%
$23,145,000
7%
$21,490,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$51,475,000
Current use
MEDICAL BUILDING
$46,775,000
Change: -9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$44,485,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$32.02M
Range $28.81M – $35.22M · ±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
$370 / 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
$986,714
Tax year 2023
Assessed value
$46,090,173
Assessed 2023
Previous assessed
$42,978,787
+7.2% YoY
Effective rate
2.14%
On assessed value
Assessed land
$7,034,700
Assessed improvement
$39,055,473
Land market value
$7,034,700
Improvement market value
$39,055,473
Total market value
$46,090,173
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2019
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
4
Stories
4
Units
75
Bathrooms
4
Total area
86,439 SF
Lot
8.97 ac (390,555 SF)
Zoning code
RPD
APN
74-42-43-29-31-001-0000
UPID
US18-2260558
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RPD · West Palm Beach, FLZoning RPD · permitted uses
RPD · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Residential Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
4,891.18 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$51.5M
MEDICAL BUILDING
Est. value
$46.8M
AUTO REPAIR, GARAGE
Est. value
$44.5M
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
2019
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
4
Buildings
4
Units
75
Bathrooms
4
Lot
8.97 ac
Current owner
From public records · entity-resolved
Azola West Palm Beach Owners LP
Entity
Free & Clear · 8 yrs held
Mailing address
500 N FRANKLIN TPKE, RAMSEY, NJ 07446-1177
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Oct 31, 2017
$6,500,000
Azola West Palm Beach Owners LP
Pina Residental LLC
Special Warranty Deed
—
Jun 4, 2012
$1,600,000
Pina Residential LLC
Capstone Resdev LLC
Grant Deed
—
Jan 19, 2007
—
Koeckritz Dev Of West Palm Bch Ll
—
Trustees Deed
related
$3,852,000 · Fidelity Fed'l Bk
Dec 21, 2006
—
Koeckritz Dev Of West Palm Bea
Owner Name Unavailable
Warranty Deed
related
—
Apr 21, 2005
$4,200,000
Koeckritz Dev Of West Palm Bch Ll
Tyndall Charlsie M Trust
Warranty Deed
—
—
—
Koeckritz Dev Of West Palm Bch Ll
—
Deed Of Trust
related
$250,000 · Fidelity Fed'l 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
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 1990 Augustine Rd?
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.
