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Property profile & analytics
OFF-MARKET
Estimated value
$3,960,000
Turn key restaurants
209 6th St West Palm Beach, FL 33401-4003
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-7688707
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1925
Construction
WOOD
Total area
4,345 SF
Lot
0.27 ac (11,905 SF)
Zoning code
LD-5
APN
74-43-43-22-44-001-0010
UPID
US18-7688707
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
-
Sofia Orsi Baby Store (Bike/Boat/Book/etc) Store Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.96M
Owner & transaction history
209 6th Street Holdngs LLC · 3 yrs held
209 6th Street Holdngs LLC
since 2022
Last sale
$3.8M
5 recorded transactions
Zoning & alternative use
LD-5 · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,105,000
ML approach
$4,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.96M
Range $3.56M – $4.36M · ±10% · vs last sale $3.78M (Dec 1 2022)
Last sale anchor
$3.78M
Dec 1 2022
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
$911 / 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
$33,895
Tax year 2023
Assessed value
$1,507,173
Assessed 2023
Previous assessed
$1,230,125
+22.5% YoY
Effective rate
2.25%
On assessed value
Assessed land
$536,130
Assessed improvement
$971,043
Land market value
$536,130
Improvement market value
$971,043
Total market value
$1,507,173
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1925
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
4,345 SF
Lot
0.27 ac (11,905 SF)
Zoning code
LD-5
APN
74-43-43-22-44-001-0010
UPID
US18-7688707
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
LD-5 · West Palm Beach, FL
Zoning LD-5 · permitted uses
LD-5 · 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.
Building & site characteristics
From public records
Year built
1925
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
209 6th Street Holdngs LLC
Entity
Free & Clear · 3 yrs held
Mailing address
209 6TH ST, WEST PALM BEACH, FL 33401-4003
Ownership since
2022
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
Dec 1, 2022
$3,775,000
209 6th Street Holdngs LLC
6 Street LLC
Warranty Deed
—
Nov 29, 2022
—
209 6th Street Holdings LLC
209 6 Street LLC
Intrafamily Transfer
related
—
Sep 3, 2021
—
City Of West Palm Beach
City Of West Palm Beach
Certificate Of Transfer
—
Jan 22, 2018
$1,950,000
209 6 Street LLC
6th Street Glad LLC
Warranty Deed
$1,820,000 · Td Bk NA
Mar 26, 2014
$200,000
6th Street Glad LLC
Hopkins-carter Co
Warranty Deed
$1,838,510 · First Bk/the Palm Beaches
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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