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Property profile & analytics
FOR SALE
Commercial real estate
201 Worth Ave Palm Beach, FL 33480
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3278652
For Sale
1 / 13
$12,140,000
201 Worth Ave, Palm Beach, FL 33480
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1958
Construction
STEEL FRAME
Total area
35,525 SF
Lot
0.44 ac (19,375 SF)
Zoning code
C-WA
APN
50-43-43-23-05-015-0280
UPID
US18-3278652
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
Current use
Occupant on record · Public records
-
Linda A. Gary Real Estate Real Estate Agency
-
Palm Beach Island Real Estate, Chris Cassidy Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.43M
Comparable Approach
Comparable
$15.49M
Blend (final)
Blend
$12.14M
Owner & transaction history
Lendan INC · 10 yrs held
Lendan INC
since 2016
3 recorded transactions
Zoning & alternative use
C-WA · Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$17.5M
+5.0%
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 Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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%
$10,215,000
6.5%
$9,430,000
7%
$8,755,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$16,710,000
Current use
AUTO REPAIR, GARAGE
$17,545,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$14,165,000
Change: -15% · Conversion: Easy
OFFICE BUILDING
$14,090,000
Change: -16% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$14,035,000
Change: -16% · Conversion: Difficult
MEDICAL BUILDING
$14,000,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$12.14M
Range $10.93M – $13.35M · ±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
$342 / 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
$401,734
Tax year 2023
Assessed value
$24,701,441
Assessed 2023
Previous assessed
$22,071,934
+11.9% YoY
Effective rate
1.63%
On assessed value
Assessed land
$16,975,271
Assessed improvement
$7,726,170
Land market value
$16,975,271
Improvement market value
$7,726,170
Total market value
$24,701,441
Applied tax rate
50,411.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1958
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
35,525 SF
Lot
0.44 ac (19,375 SF)
Zoning code
C-WA
APN
50-43-43-23-05-015-0280
UPID
US18-3278652
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-WA · Palm Beach, FL
Zoning C-WA · permitted uses
C-WA · Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$16.7M
AUTO REPAIR, GARAGE
Est. value
$17.5M
RETAIL STORES
Est. value
$14.2M
OFFICE BUILDING
Est. value
$14.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.0M
MEDICAL BUILDING
Est. value
$14.0M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1958
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
0.44 ac
Current owner
From public records · entity-resolved
Lendan INC
Entity
Mailing address
205 WORTH AVE STE #201, PALM BEACH, FL 33480-4650
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2016
—
Lendan INC
—
Deed
related
$5,327,504 · First Union Nat'l Bk
—
—
Lendan INC
—
Loan Modification
related
$5,327,504 · First Union Nat'l Bk
—
—
Lendan INC
—
Deed Of Trust
related
$6,000,000 · First Union National 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.
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?”
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