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Property profile & analytics
OFF-MARKET
Estimated value
$12,940,000
Industrial properties
2000 Ave P Ste 10 Riviera Beach, FL 33404-5342
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-5503491
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1987
Construction
CONCRETE
Total area
59,351 SF
Lot
5.97 ac (260,201 SF)
Zoning code
IG
APN
56-43-42-29-55-002-0070
UPID
US18-5503491
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
$9.91M
CAP Approach
CAP
$13.86M
Comparable Approach
Comparable
$11.65M
Blend (final)
Blend
$12.94M
Owner & transaction history
2000 Avenue P Property LLC · 1 yrs held
2000 Avenue P Property LLC
since 2025
Last sale
$13.1M
5 recorded transactions
Zoning & alternative use
IG · Riviera Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
General Industrial District
General category
INDUSTRIAL
Zone area
1,128.57 ac
Source
Realmo
Top alternative use upside
Office building
$21.0M
+55.8%
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 Riviera Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riviera 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
$9,910,000
CAP Approach
CAP Return
Estimation
6%
$15,015,000
6.5%
$13,860,000
7%
$12,870,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$13,485,000
Current use
OFFICE BUILDING
$21,000,000
Change: +56% · Conversion: Easy
Blend value · Realmo final
$12.94M
Range $11.65M – $14.23M · ±10% · vs last sale $13.13M (Dec 7 2024)
Last sale anchor
$13.13M
Dec 7 2024
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
$218 / 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
$133,342
Tax year 2023
Assessed value
$5,796,376
Assessed 2023
Previous assessed
$5,277,930
+9.8% YoY
Effective rate
2.30%
On assessed value
Assessed land
$2,037,389
Assessed improvement
$3,758,987
Land market value
$2,037,389
Improvement market value
$3,758,987
Total market value
$5,796,376
Applied tax rate
56,407.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
59,351 SF
Lot
5.97 ac (260,201 SF)
Zoning code
IG
APN
56-43-42-29-55-002-0070
UPID
US18-5503491
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IG · Riviera Beach, FLZoning IG · permitted uses
IG · Riviera Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
General Industrial District
General category
INDUSTRIAL
Zone area
1,128.57 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$13.5M
OFFICE BUILDING
Est. value
$21.0M
COMMERCIAL (GENERAL) Current
OFFICE 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
1987
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
5.97 ac
Current owner
From public records · entity-resolved
2000 Avenue P Property LLC
Entity
Mailing address
201 WW ST, ANNAPOLIS, MD 21401-4654
Ownership since
2025
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
Mar 7, 2025
$13,125,000
2000 Avenue P Property LLC
Rlif Riviera Beach Spe LLC
Special Warranty Deed
$8,200,000 · Aetna Life Insurance Co
Jan 3, 2022
$127,500,000
Rlif Riviera Beach Spe LLC
Riviera Dolphin I LLC
Special Warranty Deed
—
Jan 10, 2005
$4,446,000
Riviera Dolphin I LLC
Osw LLC
Grant Deed
—
—
—
Riviera Dolphin I LLC
—
Loan Modification
related
$19,000,000 · Miscellaneous Ins Co
—
—
Osw LLC
—
Deed Of Trust
related
$348,238 · Colonial Bank
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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