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Property profile & analytics
OFF-MARKET
Estimated value
$8,180,000
Office buildings
2041 Vis Pkwy West Palm Beach, FL 33411-6758
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-1858439
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2007
Construction
CONCRETE
Total area
26,596 SF
Lot
2.16 ac (94,077 SF)
Zoning code
PIPD
APN
00-42-43-22-06-023-0110
UPID
US18-1858439
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
-
Dr. Doreen Michel PA - Keller Williams Reserve Palm Beach Real Estate Agency
-
Marla Wilson, REALTOR Real Estate Agency
-
The Diamond Group | Keller Williams Real Estate Agency
-
ACP Capital Properties Property Management Company
-
John Diaz Group - KW Reserve Business Brokerage Business Broker
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.74M
Blend (final)
Blend
$8.18M
Owner & transaction history
Acp Capital Properties LLC · 7 yrs held
Acp Capital Properties LLC
since 2018
4 recorded transactions
Zoning & alternative use
PIPD · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$11.1M
+32.5%
Retail stores
$11.0M
+31.7%
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
OFFICE BUILDING
$8,380,000
Current use
INDUSTRIAL (GENERAL)
$11,105,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$11,035,000
Change: +32% · Conversion: Moderate
Blend value · Realmo final
$8.18M
Range $7.36M – $9.00M · ±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
$308 / 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
$112,720
Tax year 2023
Assessed value
$6,589,181
Assessed 2023
Previous assessed
$5,870,273
+12.2% YoY
Effective rate
1.71%
On assessed value
Assessed land
$1,450,049
Assessed improvement
$5,139,132
Land market value
$1,450,049
Improvement market value
$5,139,132
Total market value
$6,589,181
Applied tax rate
192.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
26,596 SF
Lot
2.16 ac (94,077 SF)
Zoning code
PIPD
APN
00-42-43-22-06-023-0110
UPID
US18-1858439
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PIPD · West Palm Beach, FL
Zoning PIPD · permitted uses
PIPD · 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
OFFICE BUILDING Current
Est. value
$8.4M
INDUSTRIAL (GENERAL)
Est. value
$11.1M
RETAIL STORES
Est. value
$11.0M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2007
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
2.16 ac
Current owner
From public records · entity-resolved
Acp Capital Properties LLC
Entity
Mailing address
2818 CYPRESS RDG BLVD STE #200, ZEPHYRHILLS, FL 33544-6307
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2018
$5,550,000
Acp Capital Properties LLC
Gbr Acquistions LLC
Warranty Deed
$4,717,500 · Suntrust Bank
Sep 10, 2007
$5,824,436
Gbr Acquisitions LLC
Vista Ventures I LLC
Grant Deed
—
Sep 22, 2004
$682,400
Vista Ventures I LLC
Palm Bch Commerce Center Assoc
Grant Deed
—
—
—
Vista Ventures I LLC
—
Deed Of Trust
related
$4,350,000 · Suntrust Bank NA
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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