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Property profile & analytics
FOR SALE
Office buildings
218 S Us Highway 1 300 Tequesta, FL 33469
Entity Owned
~
Est. High Equity
Property ID
US18-2020816
For Sale
1 / 17
$4,430,000
218 S Us Highway 1,Unit 300, Tequesta, FL 33469
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1987
Construction
STEEL FRAME
Total area
17,979 SF
Lot
0.89 ac (38,938 SF)
Zoning code
C-2
APN
60-43-40-30-00-004-0020
UPID
US18-2020816
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.69M
Blend (final)
Blend
$4.43M
Owner & transaction history
Ngf 218 Holdings LLC
Ngf 218 Holdings LLC
since 2025
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
C-2 · Tequesta, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.2M
+13.3%
Neighborhood: shopping center
$7.1M
+12.3%
Medical building
$7.1M
+12.0%
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 Tequesta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tequesta 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
$3,700,000
ML approach
$3,760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,325,000
Current use
RETAIL STORES
$7,170,000
Change: +13% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$7,105,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$7,085,000
Change: +12% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,885,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$4.43M
Range $3.99M – $4.87M · ±10% · vs last sale $5.50M (Jun 26 2025)
Last sale anchor
$5.50M
Jun 26 2025
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
$246 / 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
$75,576
Tax year 2023
Assessed value
$3,675,377
Assessed 2023
Previous assessed
$3,463,558
+6.1% YoY
Effective rate
2.06%
On assessed value
Assessed land
$975,033
Assessed improvement
$2,700,344
Land market value
$975,033
Improvement market value
$2,700,344
Total market value
$3,675,377
Applied tax rate
60,461.0000
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
For Sale
Year built
1987
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
3
Total area
17,979 SF
Lot
0.89 ac (38,938 SF)
Zoning code
C-2
APN
60-43-40-30-00-004-0020
UPID
US18-2020816
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Tequesta, FL
Zoning C-2 · permitted uses
C-2 · Tequesta, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tequesta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.3M
RETAIL STORES
Est. value
$7.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.1M
MEDICAL BUILDING
Est. value
$7.1M
COMMERCIAL (GENERAL)
Est. value
$6.9M
OFFICE BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1987
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.89 ac
Current owner
From public records · entity-resolved
Ngf 218 Holdings LLC
Entity
Mailing address
115 FRNT ST STE #300, JUPITER, FL 33477-5097
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2025
$5,500,000
Ngf 218 Holdings LLC
Tequesta Financial Center 100 LLC
Warranty Deed
$3,575,000 · South State Bank NA
Jan 27, 2023
$4,150,000
Tequesta Financial Center 100 LLC
Tequesta Financial Center LLC
Special Warranty Deed
—
Jan 13, 2020
—
Tequesta Financial Center LLC
—
Deed
related
$2,000,000 · Miscellaneous Ins Co
Aug 8, 2019
—
Tequesta Financial Center LLC
—
Deed
related
$1,149,902 · Iberiabank
Jun 5, 2002
$1,800,000
Tequesta Financial Center LLC
Lodestar Realty INC
Grant Deed
related
$1,600,000 · Independent Community Bank
Apr 16, 1997
$1,538,000
Lodestar Realty INC
Tequesta Financial Centre Ltd
Grant Deed
$1,200,000 · Southwest Bank Of St Louis
—
—
Tequesta Financial Center LLC
—
Loan Modification
related
$1,149,902 · Iberiabank
—
—
Tequesta Financial Center LLC
—
Deed Of Trust
related
$2,000,000 · Miscellaneous Ins Co
—
—
Tequesta Financial Center LLC
—
Deed Of Trust
related
$1,600,000 · Lydian Private Bank
—
—
Tequesta Financial Center LLC
—
Deed Of Trust
related
$987,500 · Lydian Private Bank
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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