Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,960,000
Office buildings
205 Royal Palm Way Palm Beach, FL 33480-4302
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-2183773
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1956
Construction
WOOD
Total area
7,476 SF
Lot
0.99 ac (43,055 SF)
Zoning code
C-OPI
APN
50-43-43-23-05-021-0190
UPID
US18-2183773
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
-
J.P. Morgan Private Bank Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.25M
Comparable Approach
Comparable
$3.32M
Blend (final)
Blend
$2.96M
Owner & transaction history
205 Royal Palm Way LLC · 10 yrs held
205 Royal Palm Way LLC
since 2016
5 recorded transactions
Zoning & alternative use
C-OPI · Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.7M
+24.5%
Commercial (general)
$3.5M
+18.6%
Retail stores
$3.0M
+0.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,525,000
6.5%
$3,250,000
7%
$3,020,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,965,000
Current use
AUTO REPAIR, GARAGE
$3,695,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,515,000
Change: +19% · Conversion: Easy
RETAIL STORES
$2,980,000
Change: +1% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,955,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$2,945,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$2.96M
Range $2.66M – $3.26M · ±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
$396 / 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
$243,763
Tax year 2023
Assessed value
$16,332,344
Assessed 2023
Previous assessed
$15,318,140
+6.6% YoY
Effective rate
1.49%
On assessed value
Assessed land
$10,982,789
Assessed improvement
$5,349,555
Land market value
$10,982,789
Improvement market value
$5,349,555
Total market value
$16,332,344
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1956
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
7,476 SF
Lot
0.99 ac (43,055 SF)
Zoning code
C-OPI
APN
50-43-43-23-05-021-0190
UPID
US18-2183773
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
OFFICE BUILDING Current
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.5M
RETAIL STORES
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.9M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1956
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
0.99 ac
Current owner
From public records · entity-resolved
205 Royal Palm Way LLC
Entity
Free & Clear · 10 yrs held
Mailing address
221 ROYAL PALM WAY #203, PALM BEACH, FL 33480-4302
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2018
—
Royal Palm Way LLC
—
Deed
related
$8,001,756 · City Nat'l Bk/fl
Jan 17, 2016
$14,000,000
205 Royal Palm Way LLC
Investors Warranty Of America LLC
Special Warranty Deed
—
Dec 29, 2009
$12,501,000
Investors Warranty Of America INC
Royal County LLC Coc
Trustees Deed
related
—
Aug 24, 2006
—
Royal County LLC
Matapedia
Grant Deed
$18,000,000 · Transamerica Life Insurance Co
—
—
Royal Palm Way LLC
—
Loan Modification
related
$8,001,756 · City Nat'l Bk/fl
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 205 Royal Palm Way?
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.
