Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$10,345,000
Shopping centers
2015 Okeechobee Blvd West Palm Beach, FL 33409-4105
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-3099406
Property profile
Verified
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Year built
2008
Construction
CONCRETE
Total area
47,980 SF
Lot
11.45 ac (498,740 SF)
Zoning code
GC
APN
74-43-43-19-01-000-0053
UPID
US18-3099406
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
-
Okee Square Shopping Center & Mall
-
PDQ Chicken Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.93M
Comparable Approach
Comparable
$7.74M
Blend (final)
Blend
$10.35M
Owner & transaction history
Okee Realty Associates LLC · 8 yrs held
Okee Realty Associates LLC
since 2018
6 recorded transactions
Zoning & alternative use
GC · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 West Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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%
$12,920,000
6.5%
$11,930,000
7%
$11,075,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$14,125,000
Current use
Blend value · Realmo final
$10.35M
Range $9.31M – $11.38M · ±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
$216 / 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
$425,044
Tax year 2023
Assessed value
$18,501,071
Assessed 2023
Previous assessed
$18,308,365
+1.1% YoY
Effective rate
2.30%
On assessed value
Assessed land
$6,696,839
Assessed improvement
$11,804,232
Land market value
$6,696,839
Improvement market value
$11,804,232
Total market value
$18,501,071
Applied tax rate
74,407.0000
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
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
6
Stories
1
Total area
47,980 SF
Lot
11.45 ac (498,740 SF)
Zoning code
GC
APN
74-43-43-19-01-000-0053
UPID
US18-3099406
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
GC · West Palm Beach, FL
Zoning GC · permitted uses
GC · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Palm Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$14.1M
NEIGHBORHOOD: SHOPPING CENTER 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
2008
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Lot
11.45 ac
Current owner
From public records · entity-resolved
Okee Realty Associates LLC
Entity
Mailing address
PO BOX 1026, MELVILLE, NY 11747-0026
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2018
$18,400,000
Okee Realty Associates LLC
Park Pavilion Spe Associates LP
Special Warranty Deed
$8,200,000 · Seacoast National Bank
Nov 8, 2006
$14,575,000
Park Pavilion Spe Assocs
Okee Square LLC
Grant Deed
—
Jun 30, 2005
$13,811,312
Okee Square LLC
Okee Square Associates Ltd
Grant Deed
$10,580,779 · Nationslink Funding Corp
—
—
Park Pavilion Spe Assocs
—
Deed Of Trust
related
$19,000,000 · J P Morgan Chase Bank
—
—
Park Pavilion Spe Assocs LP
—
Deed Of Trust
related
$8,491,895 · Mc-five Mile Com'l Mtg Finance
—
—
Park Pavilion Spe Assocs
—
Deed Of Trust
related
$9,000,000 · Intervest 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?”
You own 2015 Okeechobee Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
