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Property profile & analytics
OFF-MARKET
Estimated value
$20,490,000
Warehouses
2051 Military Trl West Palm Beach, FL 33415-6440
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-4172819
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2007
Construction
CONCRETE
Total area
73,347 SF
Lot
6.5 ac (283,140 SF)
Zoning code
UI
APN
00-42-44-13-45-001-0000
UPID
US18-4172819
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
-
Self Storage Storage Facility
-
Self Storage Unit Near West Palm Beach Storage Facility
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.68M
Blend (final)
Blend
$20.49M
Owner & transaction history
Ess Prisa III Owner LLC · 13 yrs held
Ess Prisa III Owner LLC
since 2012
3 recorded transactions
Zoning & alternative use
UI · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$30.6M
+5.0%
Retail stores
$30.4M
+4.3%
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
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
$29,170,000
Current use
INDUSTRIAL (GENERAL)
$30,620,000
Change: +5% · Conversion: Easy
RETAIL STORES
$30,435,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$28,500,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$20.49M
Range $18.44M – $22.54M · ±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
$279 / 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
$228,004
Tax year 2023
Assessed value
$18,080,571
Assessed 2023
Previous assessed
$18,080,571
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$2,604,703
Assessed improvement
$15,475,868
Land market value
$2,604,703
Improvement market value
$15,475,868
Total market value
$18,080,571
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
2007
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
5
Stories
2
Total area
73,347 SF
Lot
6.5 ac (283,140 SF)
Zoning code
UI
APN
00-42-44-13-45-001-0000
UPID
US18-4172819
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
$29.2M
INDUSTRIAL (GENERAL)
Est. value
$30.6M
RETAIL STORES
Est. value
$30.4M
COMMERCIAL (GENERAL)
Est. value
$28.5M
WAREHOUSE, STORAGE Current
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
2007
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
5
Lot
6.5 ac
Current owner
From public records · entity-resolved
Ess Prisa III Owner LLC
Entity
Mailing address
PO BOX 71870, SALT LAKE CITY, UT 84171-0870
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2012
—
Ess Prisa III Owner LLC
Lake Worth Storage Associates LLC
Special Warranty Deed
$102,000,000 · Wells Fargo Bank NA
Sep 18, 2006
$9,929,900
Lake Worth Storage Associates LLC
Extra Space Of Lake Worth LLC
Special Warranty Deed
—
—
—
Extra Space Of Lake Worth LLC
—
Deed Of Trust
related
$5,850,000 · Wachovia 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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