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Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Office buildings
213 Southern Blvd West Palm Beach, FL 33405-2737
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US19-0326663
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1950
Construction
CONCRETE
Total area
2,336 SF
Lot
0.15 ac (6,634 SF)
Zoning code
NC
APN
74-43-44-03-01-000-1630
UPID
US19-0326663
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
-
Bell Land Title Title Company
-
Triple Crown Group Construction Company
-
Clarke James w CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.78M
CAP Approach
CAP
$1.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.79M
Owner & transaction history
Shoreline Construction Management L · 3 yrs held
Shoreline Construction Management L
since 2023
Last sale
$1.8M
4 recorded transactions
Zoning & alternative use
NC · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+52.9%
Auto repair, garage
$1.2M
+45.5%
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 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
$1,880,000
ML approach
$1,780,000
CAP Approach
CAP Return
Estimation
6%
$1,450,000
6.5%
$1,335,000
7%
$1,240,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,265,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,200,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$1.79M
Range $1.61M – $1.97M · ±10% · vs last sale $1.75M (May 11 2023)
Last sale anchor
$1.75M
May 11 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
$766 / 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
$15,991
Tax year 2023
Assessed value
$740,123
Assessed 2023
Previous assessed
$471,704
+56.9% YoY
Effective rate
2.16%
On assessed value
Assessed land
$331,700
Assessed improvement
$408,423
Land market value
$331,700
Improvement market value
$408,423
Total market value
$740,123
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1950
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,336 SF
Lot
0.15 ac (6,634 SF)
Zoning code
NC
APN
74-43-44-03-01-000-1630
UPID
US19-0326663
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
NC · West Palm Beach, FL
Zoning NC · permitted uses
NC · 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
MEDICAL BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1950
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Shoreline Construction Management L
Entity
Mailing address
11496 PIERSON RD STE C13, WELLINGTON, FL 33414-8760
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2023
$1,750,000
Shoreline Construction Management L
213 Southern LLC
Warranty Deed
—
Feb 1, 2022
$1,200,000
213 Southern LLC
James W Larke Cpa P A
Warranty Deed
—
Dec 2, 2003
$400,000
James W Clarke Cpa Pa
Russo,peter T
Grant Deed
$320,000 · Bankatlantic Fsb
Oct 17, 1997
$235,000
Peter T Russo
Liggio,jeffrey M
Grant Deed
$176,250 · Colonial Bank Fsb
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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