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Property profile & analytics
OFF-MARKET
Estimated value
$1,130,000
Showrooms
200 Levee Rd South Bay, FL 33493
Individually Owned
Free & Clear
Property ID
US18-5915365
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1978
Construction
STEEL FRAME
Total area
4,080 SF
Lot
1.47 ac (63,916 SF)
Zoning code
GOV
APN
58-36-44-03-00-000-5010
UPID
US18-5915365
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
$1.09M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.13M
Owner & transaction history
SOUTH BAY CITY
SOUTH BAY CITY
Zoning & alternative use
GOV · South Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purposes of this zoning district are as follows: to provide areas suitable for public recreation and open space; to provide areas suitable for public schools; to provide areas suitable for public parking; to provide areas suitable for the conduct of the essential functions of local government.
Zone name
Public Utilities And Schools Recreation Open Space Government Administration
General category
CIVIC_INSTITUTIONAL
Zone area
125.91 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 South Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Bay 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%
$1,175,000
6.5%
$1,085,000
7%
$1,005,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,625,000
Change: -15% · Conversion: Easy
OFFICE BUILDING
$1,620,000
Change: -16% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,610,000
Change: -16% · Conversion: Difficult
MEDICAL BUILDING
$1,610,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$1.13M
Range $1.02M – $1.24M · ±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
$277 / 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
$33
Tax year 2023
Assessed value
$292,176
Assessed 2023
Previous assessed
$208,380
+40.2% YoY
Effective rate
0.01%
On assessed value
Assessed land
$63,916
Assessed improvement
$228,260
Land market value
$63,916
Improvement market value
$228,260
Total market value
$292,176
Applied tax rate
58,486.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1978
Construction
STEEL FRAME
Heating
YES
Cooling
NONE
Stories
1
Bathrooms
2
Total area
4,080 SF
Lot
1.47 ac (63,916 SF)
Zoning code
GOV
APN
58-36-44-03-00-000-5010
UPID
US18-5915365
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
GOV · South Bay, FLZoning GOV · permitted uses
GOV · South Bay, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purposes of this zoning district are as follows: to provide areas suitable for public recreation and open space; to provide areas suitable for public schools; to provide areas suitable for public parking; to provide areas suitable for the conduct of the essential functions of local government.
Zone name
Public Utilities And Schools Recreation Open Space Government Administration
General category
CIVIC_INSTITUTIONAL
Zone area
125.91 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
RETAIL STORES
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1978
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.47 ac
Current owner
From public records · entity-resolved
SOUTH BAY CITY
Individual
Free & Clear · 0 yrs held
Mailing address
335 SW 2ND AVE, SOUTH BAY, FL 33493-2225
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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