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Property profile & analytics
OFF-MARKET
Estimated value
$4,250,000
Industrial properties
2010 Seabird Way Riviera Beach, FL 33404-5009
Entity Owned
~
Est. High Equity
Property ID
US18-1086993
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1992
Construction
CONCRETE
Total area
22,377 SF
Lot
1.35 ac (58,815 SF)
Zoning code
I-PUD
APN
56-43-42-30-16-000-0100
UPID
US18-1086993
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
$5.23M
Comparable Approach
Comparable
$3.98M
Blend (final)
Blend
$4.25M
Owner & transaction history
Ninety Six Holdings LLC
Ninety Six Holdings LLC
since 2025
Last sale
$3.9M
4 recorded transactions
Zoning & alternative use
I-PUD · Riviera Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Industrial Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
44.32 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 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
by Request
CAP Approach
CAP Return
Estimation
6%
$5,660,000
6.5%
$5,225,000
7%
$4,855,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,085,000
Current use
Blend value · Realmo final
$4.25M
Range $3.83M – $4.68M · ±10% · vs last sale $3.90M (Jun 10 2025)
Last sale anchor
$3.90M
Jun 10 2025
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
$190 / 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
$74,835
Tax year 2023
Assessed value
$3,531,813
Assessed 2023
Previous assessed
$3,268,336
+8.1% YoY
Effective rate
2.12%
On assessed value
Assessed land
$555,802
Assessed improvement
$2,976,011
Land market value
$555,802
Improvement market value
$2,976,011
Total market value
$3,531,813
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
1992
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
22,377 SF
Lot
1.35 ac (58,815 SF)
Zoning code
I-PUD
APN
56-43-42-30-16-000-0100
UPID
US18-1086993
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I-PUD · Riviera Beach, FLZoning I-PUD · permitted uses
I-PUD · Riviera Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Industrial Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
44.32 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.1M
COMMERCIAL (GENERAL) Current
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
1992
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.35 ac
Current owner
From public records · entity-resolved
Ninety Six Holdings LLC
Entity
Mailing address
1485 BEAR IS DR, WEST PALM BEACH, FL 33409-2017
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2025
$3,900,000
Ninety Six Holdings LLC
Seabird Holdings LLC
Special Warranty Deed
$2,900,000 · Seacoast National Bank
Mar 31, 2016
$2,800,000
Seabird Holdings LLC
Prime Time Video INC
Grant Deed
related
$2,100,000 · Seacoast Nat'l Bk
Aug 2, 2002
$1,400,000
Prime Time Video INC
Qcor INC
Grant Deed
$850,000 · Wachovia Bank NA
Aug 13, 1998
$1,200,000
Qcor INC
Brooklyn Bow & Ribbon Co INC
Grant Deed
$500,000 · Florida Business Development
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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