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Property profile & analytics
OFF-MARKET
Estimated value
$2,170,000
Community centers
2112 Jog Rd West Palm Beach, FL 33411-2519
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-5187988
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2010
Construction
CONCRETE
Total area
3,200 SF
Lot
0.39 ac (17,189 SF)
Zoning code
CPD
APN
74-42-43-22-08-005-0000
UPID
US18-5187988
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
-
ALTERATION & CLEANERS (Bike/Boat/Book/etc) Store
-
Alterations (Bike/Boat/Book/etc) Store
-
Chabad of West Palm Beach Church Mosque
-
Washington Services Center Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.17M
Owner & transaction history
Lubavitch Of West Palm Beach INC · 3 yrs held
Lubavitch Of West Palm Beach INC
since 2023
Last sale
$2.1M
6 recorded transactions
Zoning & alternative use
CPD · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.5M
+170.1%
Medical building
$1.7M
+83.8%
Auto repair, garage
$1.6M
+74.8%
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
$2,255,000
ML approach
$2,230,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,545,000
Change: +170% · Conversion: Difficult
MEDICAL BUILDING
$1,730,000
Change: +84% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,645,000
Change: +75% · Conversion: Difficult
RETAIL STORES
$1,330,000
Change: +41% · Conversion: Easy
Blend value · Realmo final
$2.17M
Range $1.95M – $2.39M · ±10% · vs last sale $2.10M (Mar 31 2023)
Last sale anchor
$2.10M
Mar 31 2023
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
$678 / 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
$21,738
Tax year 2023
Assessed value
$1,063,107
Assessed 2023
Previous assessed
$1,020,462
+4.2% YoY
Effective rate
2.04%
On assessed value
Assessed land
$526,358
Assessed improvement
$536,749
Land market value
$526,358
Improvement market value
$536,749
Total market value
$1,063,107
Applied tax rate
74,402.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2010
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
3,200 SF
Lot
0.39 ac (17,189 SF)
Zoning code
CPD
APN
74-42-43-22-08-005-0000
UPID
US18-5187988
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CPD · West Palm Beach, FL
Zoning CPD · permitted uses
CPD · 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
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES
Est. value
$1.3M
WAREHOUSE, STORAGE
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2010
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Lubavitch Of West Palm Beach INC
Entity
Mailing address
2112 N JOG RD STE #101, ROYAL PALM BEACH, FL 33411-2519
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2023
$2,100,000
Lubavitch Of West Palm Beach INC
Neo Property INC
Warranty Deed
$1,100,000 · Optimumbank
Sep 21, 2020
—
Neo Property INC
—
Deed
related
$358,723 · Power Fin'l Cu
Sep 4, 2009
—
Neo Property INC
Ngo,tuong A M
Quit Claim Deed
related
—
Dec 19, 2003
$395,000
Tuong-al M Ngo
Wellington Medical Center INC
Grant Deed
$296,250 · Fidelity Federal Bank & Trust
—
—
Neo Property INC
—
Deed Of Trust
related
$442,000 · Transcapital Bk
—
—
Neo Property INC
—
Loan Modification
related
$358,723 · Power Fin'l Cu
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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