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Property profile & analytics
OFF-MARKET
Estimated value
$5,710,000
Commercial land
204 Royal Palm Way Palm Beach, FL 33480-4303
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US19-0435275
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1924
Construction
WOOD FRAME
Total area
7,291 SF
Lot
0.25 ac (10,877 SF)
Zoning code
C-OPI
APN
50-43-43-23-05-025-0361
UPID
US19-0435275
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
$6.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.71M
Owner & transaction history
Palm Beach Jewish Center INC · 4 yrs held
Palm Beach Jewish Center INC
since 2021
Last sale
$5.2M
7 recorded transactions
Zoning & alternative use
C-OPI · Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.0M
+46.8%
Apartment house (5+ units)
$5.0M
+45.8%
Auto repair, garage
$3.6M
+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
$6,145,000
ML approach
$6,285,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,430,000
Current use
RESTAURANT
$5,030,000
Change: +47% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,000,000
Change: +46% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,600,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$5.71M
Range $5.14M – $6.28M · ±10% · vs last sale $5.20M (Sep 17 2021)
Last sale anchor
$5.20M
Sep 17 2021
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
$783 / 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
$680
Tax year 2023
Assessed value
$4,347,317
Assessed 2023
Previous assessed
$4,019,681
+8.2% YoY
Effective rate
0.02%
On assessed value
Assessed land
$4,347,317
Land market value
$4,347,317
Total market value
$4,347,317
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1924
Construction
WOOD FRAME
Heating
NONE
Stories
1
Total area
7,291 SF
Lot
0.25 ac (10,877 SF)
Zoning code
C-OPI
APN
50-43-43-23-05-025-0361
UPID
US19-0435275
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-OPI · Palm Beach, FL
Zoning C-OPI · permitted uses
C-OPI · 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
$3.4M
RESTAURANT
Est. value
$5.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$3.6M
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1924
Construction
WOOD FRAME
Heating
NONE
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Palm Beach Jewish Center INC
Entity
Mailing address
361 S COUNTY RD, PALM BEACH, FL 33480-4412
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2025
—
Palm Beach Jewish Center INC
—
Deed
related
$1,333,000 · Morris Kaplan
Sep 17, 2021
$5,200,000
Palm Beach Jewish Center INC
204 Rpw Partners LLC
Warranty Deed
$2,800,000 · Morris Kaplan
Jan 29, 2021
—
204 Rpw Partners LLC
204 Rpw LLC
Quit Claim Deed
—
Mar 27, 2019
—
204 Rpw LLC
—
Deed
related
$2,250,000 · First Republic Bk
Nov 20, 2015
$3,000,000
204 Rpw LLC
First Republic Bank
Special Warranty Deed
$2,250,000 · First Republic Bank
Aug 3, 2015
$2,744,498
First Republic Bk
Bnb Ventures Palm Beach I LLC
Grant Deed
—
Nov 27, 2007
$6,590,300
Bnb Ventures Palm Beach I LLC
Campaniello,thomas
Warranty Deed
—
—
—
204 Rpw LLC
—
Loan Modification
related
$2,250,000 · First Republic Bk
—
—
Bnb Ventures Palm Beach I LLC
—
Deed Of Trust
related
$7,925,798 · First Republic 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.
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