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Property profile & analytics
FOR LEASE
Office buildings
205 Datura St West Palm Beach, FL 33401
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-2743530
For Lease
$40,155,000
205 Datura St, West Palm Beach, FL 33401
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1925
Construction
CONCRETE
Total area
59,644 SF
Lot
0.8 ac (35,009 SF)
Zoning code
CWD-CD
APN
74-43-43-21-01-005-0100
UPID
US18-2743530
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
-
Fall Line Station Hotel & Motel Resort
-
Group hotel rates by ezbook Hotel & Motel
-
HotelPlanner Travel Agency
-
FrostPoint Capital, LLC Corporate Office Financial Advisor
-
One Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$34.12M
Comparable Approach
Comparable
$37.06M
Blend (final)
Blend
$40.16M
Owner & transaction history
205 Datura Wpb LLC · 1 yrs held
205 Datura Wpb LLC
since 2025
Last sale
$45.7M
7 recorded transactions
Zoning & alternative use
CWD-CD · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$45.6M
+82.0%
Apartment house (5+ units)
$35.5M
+41.7%
Retail stores
$34.2M
+36.3%
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
$38,240,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$36,960,000
6.5%
$34,120,000
7%
$31,680,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$25,070,000
Current use
RESTAURANT
$45,615,000
Change: +82% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$35,520,000
Change: +42% · Conversion: Easy
RETAIL STORES
$34,175,000
Change: +36% · Conversion: Moderate
MEDICAL BUILDING
$32,275,000
Change: +29% · Conversion: Easy
COMMERCIAL (GENERAL)
$31,465,000
Change: +26% · Conversion: Easy
AUTO REPAIR, GARAGE
$30,695,000
Change: +22% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$24,900,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$40.16M
Range $36.14M – $44.17M · ±10% · vs last sale $45.68M (May 5 2025)
Last sale anchor
$45.68M
May 5 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
$673 / 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
$545,514
Tax year 2023
Assessed value
$29,649,327
Assessed 2023
Previous assessed
$26,020,913
+13.9% YoY
Effective rate
1.84%
On assessed value
Assessed land
$5,251,650
Assessed improvement
$24,397,677
Land market value
$5,251,650
Improvement market value
$24,397,677
Total market value
$29,649,327
Applied tax rate
84,407.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1925
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
4
Total area
59,644 SF
Lot
0.8 ac (35,009 SF)
Zoning code
CWD-CD
APN
74-43-43-21-01-005-0100
UPID
US18-2743530
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CWD-CD · West Palm Beach, FL
Zoning CWD-CD · permitted uses
CWD-CD · 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
$25.1M
RESTAURANT
Est. value
$45.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$35.5M
RETAIL STORES
Est. value
$34.2M
MEDICAL BUILDING
Est. value
$32.3M
COMMERCIAL (GENERAL)
Est. value
$31.5M
AUTO REPAIR, GARAGE
Est. value
$30.7M
INDUSTRIAL (GENERAL)
Est. value
$24.9M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
INDUSTRIAL (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
1925
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
4
Buildings
2
Lot
0.8 ac
Current owner
From public records · entity-resolved
205 Datura Wpb LLC
Entity
Mailing address
301 E YAMATO RD STE #4160, BOCA RATON, FL 33431-4933
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2025
$45,675,500
205 Datura Wpb LLC
Mcm 205 Datura LLC
Special Warranty Deed
—
Aug 7, 2023
—
Mcm 205 Datura LLC
—
Deed
related
$27,000,000 · Tnam Us Seller LP
Dec 21, 2021
—
Mcm 205 Datura LLC
—
Deed
related
$20,000,000 · Timbercreek Real Estate Finance Us Holdi
Sep 8, 2020
—
Mcm 205 Datura LLC
—
Deed
related
$20,000,000 · Timbercreek R/e Fin Us Holding
Jan 9, 2019
$14,215,000
Mcm 205 Datura LLC
Pnc Bk National Assn
Grant Deed
$20,000 · Timbercreek R/e Fin Us Holding
—
—
Joseph Elivert
—
Deed Of Trust
related
$61,750 · Barnett Bank
—
—
Michael D Vernon
—
Deed Of Trust
related
$40,000 · Fidelity Federal Bank & Trust
—
—
Mcm 205 Datura LLC
—
Deed Of Trust
related
$20,000,000 · Timbercreek R/e Fin Us Holding
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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