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Property profile & analytics
OFF-MARKET
Estimated value
$9,000,000
Banks
2001 Broadway Riviera Beach, FL 33404-5622
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-0241203
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1960
Construction
CONCRETE
Total area
16,724 SF
Lot
2.27 ac (98,951 SF)
Zoning code
DC
APN
56-43-42-28-46-000-0010
UPID
US18-0241203
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
$9.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.45M
Blend (final)
Blend
$9.00M
Owner & transaction history
Rby LLC · 2 yrs held
Rby LLC
since 2024
Last sale
$9.0M
1 recorded transaction
Zoning & alternative use
DC · Riviera Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Downtown Core
General category
COMMERCIAL
Zone area
117.03 ac
Source
Realmo
Top alternative use upside
Restaurant
$12.8M
+60.9%
Apartment house (5+ units)
$10.0M
+25.3%
Medical building
$9.1M
+13.9%
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
$9,000,000
ML approach
$9,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$7,950,000
Current use
RESTAURANT
$12,790,000
Change: +61% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,960,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$9,050,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,605,000
Change: +8% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,980,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$6,940,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$9.00M
Range $8.10M – $9.90M · ±10% · vs last sale $9.00M (Mar 5 2024)
Last sale anchor
$9.00M
Mar 5 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
$538 / 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
$83,645
Tax year 2023
Assessed value
$5,500,000
Assessed 2023
Previous assessed
$5,500,000
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed improvement
$5,500,000
Improvement market value
$5,500,000
Total market value
$5,500,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1960
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
2
Total area
16,724 SF
Lot
2.27 ac (98,951 SF)
Zoning code
DC
APN
56-43-42-28-46-000-0010
UPID
US18-0241203
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
DC · Riviera Beach, FLZoning DC · permitted uses
DC · Riviera Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Downtown Core
General category
COMMERCIAL
Zone area
117.03 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$8.0M
RESTAURANT
Est. value
$12.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.0M
MEDICAL BUILDING
Est. value
$9.1M
AUTO REPAIR, GARAGE
Est. value
$8.6M
INDUSTRIAL (GENERAL)
Est. value
$7.0M
RETAIL STORES
Est. value
$6.9M
FINANCIAL BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1960
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Lot
2.27 ac
Current owner
From public records · entity-resolved
Rby LLC
Entity
Free & Clear · 2 yrs held
Mailing address
14785 PRESTON RD STE #975, DALLAS, TX 75254-6878
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2024
$9,000,000
Rby LLC
Millennium One LLC
Special Warranty Deed
—
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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