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    Property profile & analytics

    2010 Seabird Way Riviera Beach, FL 33404-5009

    • Industrial properties
    • 22,377 SF
    • 1.35 lot acres
    OFF-MARKET
    Last Sale
    Jun 10, 2025
    $3,900,000
    Value Estimations
    $4,250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1086993
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 2010 Seabird Way

    Year built
    1992
    Construction
    CONCRETE
    Lot size
    1.35 lot acres
    Property size
    22,377 SF
    Zone code
    I-PUD
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    56-43-42-30-16-000-0100
    APU
    56434230160000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,660,000
      6.5%
      $5,225,000
      7%
      $4,855,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,981,000
      Market price range: $788k - $4.82M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,085,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Riviera Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0888
    Latitude
    26.7808
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $74,835
    $555,802
    $2,976,011
    $3,531,813
    -
    $555,802
    $2,976,011
    $3,531,813

    Comparable in this City

    • Value Estimation
      $16,025,000
      75,975 SF

      3900 Fiscal Ct Ste, Unit 100

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 75,975 SF
      3900 Fiscal Ct Ste, Riviera Beach, FL 33404-1726
      View Details
    • Value Estimation
      $7,845,000
      35,000 SF

      7656 Byron Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 35,000 SF
      7656 Byron Dr, Riviera Beach, FL 33404-3349
      View Details
    • Value Estimation
      $12,940,000
      59,351 SF

      2000 Ave P Ste, Unit 10

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 59,351 SF
      2000 Ave P Ste, Riviera Beach, FL 33404-5342
      View Details
    • Value Estimation
      $12,900,000
      58,156 SF

      7950 Central Industrial Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 58,156 SF
      7950 Central Industrial Dr, Riviera Beach, FL 33404-3439
      View Details
    • Value Estimation by Request
      12,392 SF

      3709 Interstate Park S Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 12,392 SF
      3709 Interstate Park S Rd, Riviera Beach, FL 33404-5902
      View Details
    • Value Estimation
      $16,130,000
      84,712 SF

      3874 Fiscal Ct Ste, Unit 100

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 84,712 SF
      3874 Fiscal Ct Ste, Riviera Beach, FL 33404-1734
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      3,695 SF Flex Space Available

      Flex space available for sale, totaling 3,695 square feet.
      6557 Garden Rd, Riviera Beach, FL 33404
      View Details
    • Contact for pricing

      Industrial Space with Loading Dock

      5,500 sqft industrial space featuring a loading dock.
      3541 Dr Martin Luther King Jr Blvd, Riviera Beach, FL 33404
      View Details
    • $2,800,000
      5,931 SF

      Prime Singer Island Investment

      12 Bedroom Sober Home, Beachfront Potential
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    • $99,000

      Vacant Lot in Riviera Beach

      0.1150-acre vacant lot in a growing Palm Beach County market.
      1149 W 34Th St, Riviera Beach, FL 33404
      View Details
    • $2,200,000
      8,964 SF

      Riviera Beach Retail Investment Opportunity

      Prime Retail Space, 8,964 SF, $2.2M
      0 2305, West Palm Beach, FL 33404
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    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Industrial Space Available For Rent

      2400 square feet industrial property for rent.
      8360 Currency Dr, West Palm Beach, FL 33404
      View Details
    • Contact for pricing
      5,270 SF

      Industrial Space in West Palm Beach

      5,270 SF industrial property available for lease.
      3748 Prospect Ave, West Palm Beach, FL 33404
      View Details
    • $1.92 SF/Yr
      6,239 SF

      Riviera Beach Warehouse For Lease

      6,239 SF Industrial Space Available
      315 President Barack Obama Hwy, Riviera Beach, FL 33404
      View Details
    • $16 SF/Yr
      53,020 SF

      Riviera Beach Warehouse Space Available

      Prime industrial warehouse space in Riviera Beach, FL.
      6555 Garden Rd, Riviera Beach, FL 33404
      View Details
    • Contact for pricing
      21,590 SF

      West Palm Beach Warehouse Space

      21,590 SF warehouse space available for lease.
      3750 Prospect Ave, West Palm Beach, FL 33404
      View Details
    • $9 SF/Yr

      Warehouse/Office/Showroom on I-95 Frontage

      38,941 SF warehouse/office/showroom with I-95 frontage and visibility.
      7970 Central Industrial Dr, Riviera Beach, FL 33404
      View Details
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    2010 Seabird Way
    Riviera Beach, FL 33404-5009
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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