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Property profile & analytics
OFF-MARKET
Estimated value
$8,065,000
Retail space
214 Brazilian Ave Palm Beach, FL 33480-4693
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-5482647
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Construction
CONCRETE
Total area
18,796 SF
Lot
0.24 ac (10,276 SF)
Zoning code
C-TS
APN
50-43-43-23-05-027-0320
UPID
US18-5482647
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
-
Transoceanic Records Recording Studio
-
Positive Health and Wellness Physician
-
LifeWell MD Spa & Massage Center Alternative Medicine Practice
-
Pribramsky & Company, CPAs Palm Beach Accounting Firm Tax Preparation
-
Digital Marketing 1on1 Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.89M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.07M
Owner & transaction history
Cspb Brazilian LLC · 6 yrs held
Cspb Brazilian LLC
since 2020
Last sale
$9.0M
7 recorded transactions
Zoning & alternative use
C-TS · Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.0M
+73.1%
Apartment house (5+ units)
$12.9M
+71.9%
Auto repair, garage
$9.3M
+23.9%
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%
$5,295,000
6.5%
$4,890,000
7%
$4,540,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,495,000
Current use
RESTAURANT
$12,975,000
Change: +73% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$12,885,000
Change: +72% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,285,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,840,000
Change: +18% · Conversion: Easy
OFFICE BUILDING
$7,455,000
Change: -1% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$7,425,000
Change: -1% · Conversion: Moderate
MEDICAL BUILDING
$7,410,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$8.07M
Range $7.26M – $8.87M · ±10% · vs last sale $8.95M (Feb 27 2020)
Last sale anchor
$8.95M
Feb 27 2020
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
$429 / 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
$138,884
Tax year 2023
Assessed value
$8,792,518
Assessed 2023
Previous assessed
$8,237,884
+6.7% YoY
Effective rate
1.58%
On assessed value
Assessed land
$3,894,848
Assessed improvement
$4,897,670
Land market value
$3,894,848
Improvement market value
$4,897,670
Total market value
$8,792,518
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1925
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
18,796 SF
Lot
0.24 ac (10,276 SF)
Zoning code
C-TS
APN
50-43-43-23-05-027-0320
UPID
US18-5482647
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-TS · Palm Beach, FL
Zoning C-TS · permitted uses
C-TS · 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
RETAIL STORES Current
Est. value
$7.5M
RESTAURANT
Est. value
$13.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.9M
AUTO REPAIR, GARAGE
Est. value
$9.3M
COMMERCIAL (GENERAL)
Est. value
$8.8M
OFFICE BUILDING
Est. value
$7.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.4M
MEDICAL BUILDING
Est. value
$7.4M
RETAIL STORES Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1925
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
Cspb Brazilian LLC
Entity
Mailing address
116 HUNTINGTON AVE STE #600, BOSTON, MA 02116-5745
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2020
$8,950,000
Cspb Brazilian LLC
Pbcof Brazilian LLC
Warranty Deed
$8,840,000 · First Republic Bank
Jan 25, 2019
$8,000,000
Pbcof Brazilian LLC
R D Of Palm Beach INC
Warranty Deed
$4,000,000 · First Republic Bank
Apr 24, 2018
—
Rd Of Palm Beach INC
—
Deed
related
$1,000,000 · Anita Finkelstein
Aug 10, 2016
—
Rd Of Palm Beach INC
—
Deed
related
$11,000,000 · Landmark Bk
Mar 25, 2009
—
Rd Of Palm Beach INC
—
Trustees Deed
related
$700,000 · Ajii Asrani
Jul 29, 1999
$2,650,000
R D Of Palm Beach INC
Brazilian Realty Co
Grant Deed
$2,120,000 · Ocean Bank
—
—
Rd Of Palm Beach INC
—
Loan Modification
related
$5,500,000 · Landmark Bk
—
—
Rd Of Palm Beach INC
—
Deed Of Trust
related
$500,000 · Ajit Asrani
—
—
R D Of Palm Beach INC
—
Deed Of Trust
related
$1,352,677 · Commerce Bank NA
—
—
Rd Of Palm Beach INC
—
Deed Of Trust
related
$500,000 · Commerce Bank NA
—
—
Rd Of Palm Beach INC
—
Loan Modification
related
$11,000,000 · Landmark Bk
—
—
Rd Of Palm Beach INC
—
Loan Modification
related
$11,000,000 · Landmark Bk
—
—
Totalbank
—
Deed Of Trust
related
$3,000,000 · Ocean Bank
—
—
Rd Of Palm Beach INC
—
Deed Of Trust
related
$1,000,000 · Anita Finkelstein
—
—
Rd Of Palm Beach INC
—
Deed Of Trust
related
$900,000 · Ajit Asrani
—
—
Jls Of Florida City INC
—
Deed Of Trust
related
$470,000 · Melissa Delson
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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