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Property profile & analytics
OFF-MARKET
Estimated value
$12,165,000
Warehouses
2021 Military Trl West Palm Beach, FL 33415-6440
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5045686
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1971
Construction
CONCRETE
Total area
37,098 SF
Lot
6.57 ac (286,189 SF)
Zoning code
UI
APN
00-42-44-13-00-000-3001
UPID
US18-5045686
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
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Compass Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.47M
Blend (final)
Blend
$12.17M
Owner & transaction history
Amsdell Storage Ventures Xxx L · 9 yrs held
Amsdell Storage Ventures Xxx L
since 2016
6 recorded transactions
Zoning & alternative use
UI · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$20.1M
+36.1%
Auto repair, garage
$19.1M
+29.4%
Industrial (general)
$15.5M
+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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$14,755,000
Current use
MEDICAL BUILDING
$20,075,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$19,095,000
Change: +29% · Conversion: Easy
INDUSTRIAL (GENERAL)
$15,485,000
Change: +5% · Conversion: Easy
RETAIL STORES
$15,395,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$14,415,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$12.17M
Range $10.95M – $13.38M · ±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
$328 / 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
$258,889
Tax year 2023
Assessed value
$15,330,122
Assessed 2023
Previous assessed
$15,330,122
+0.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$2,598,596
Assessed improvement
$12,731,526
Land market value
$2,598,596
Improvement market value
$12,731,526
Total market value
$15,330,122
Applied tax rate
362.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1971
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
11
Stories
2
Bathrooms
68
Total area
37,098 SF
Lot
6.57 ac (286,189 SF)
Zoning code
UI
APN
00-42-44-13-00-000-3001
UPID
US18-5045686
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
UI · West Palm Beach, FL
Zoning UI · permitted uses
UI · 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
WAREHOUSE, STORAGE Current
Est. value
$14.8M
MEDICAL BUILDING
Est. value
$20.1M
AUTO REPAIR, GARAGE
Est. value
$19.1M
INDUSTRIAL (GENERAL)
Est. value
$15.5M
RETAIL STORES
Est. value
$15.4M
COMMERCIAL (GENERAL)
Est. value
$14.4M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
COMMERCIAL (GENERAL)
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
1971
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
11
Bathrooms
68
Lot
6.57 ac
Current owner
From public records · entity-resolved
Amsdell Storage Ventures Xxx L
Entity
Mailing address
20445 EMERALD PKWY #202, CLEVELAND, OH 44135-6009
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2020
—
Amsdell Storage Ventures Xxx LLC
—
Deed
related
$6,000,000 · The Huntington National Bank
Aug 3, 2016
$4,000,000
Amsdell Storage Ventures Xxx L
2021 Tat LLC
Grant Deed
—
Dec 12, 2013
$2,150,000
2021 Tat LLC
2021 S Military Trail Wpb LLC
Grant Deed
$650,000 · 2021 S Military Trail Wpb LLC
Jun 19, 2009
—
2021 S Military Trail Wpb LLC
Royal Petroleum INC
Warranty Deed
—
Sep 9, 1999
$857,142
Rlc Ltd
Realty Leasing Corp Of Georgia
Grant Deed
$5,000,000 · City National Bank Of Florida
—
—
Royal Petroleum INC
—
Deed Of Trust
related
$1,700,000 · Community Bank Of Broward
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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