New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,745,000
Commercial real estate
219 Worth Ave Palm Beach, FL 33480-4614
Entity Owned
28-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3617540
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1929
Construction
WOOD
Total area
12,904 SF
Lot
0.29 ac (12,502 SF)
Zoning code
C-WA
APN
50-43-43-23-05-015-0340
UPID
US18-3617540
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
-
kim renk (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
IWC Schaffhausen Boutique – Palm Beach (Bike/Boat/Book/etc) Store
-
Pet Boutique & Salon Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.03M
Blend (final)
Blend
$5.75M
Owner & transaction history
Love LLC · 28 yrs held
Love LLC
since 1998
6 recorded transactions
Zoning & alternative use
C-WA · Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.9M
+46.8%
Apartment house (5+ units)
$8.8M
+45.8%
Auto repair, garage
$6.4M
+5.0%
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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,070,000
Current use
RESTAURANT
$8,905,000
Change: +47% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,845,000
Change: +46% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,375,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$5,145,000
Change: -15% · Conversion: Easy
OFFICE BUILDING
$5,120,000
Change: -16% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,100,000
Change: -16% · Conversion: Difficult
MEDICAL BUILDING
$5,085,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$5.75M
Range $5.17M – $6.32M · ±10%
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
$445 / 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
$299,269
Tax year 2023
Assessed value
$17,235,918
Assessed 2023
Previous assessed
$15,233,598
+13.1% YoY
Effective rate
1.74%
On assessed value
Assessed land
$10,951,788
Assessed improvement
$6,284,130
Land market value
$10,951,788
Improvement market value
$6,284,130
Total market value
$17,235,918
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1929
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
12,904 SF
Lot
0.29 ac (12,502 SF)
Zoning code
C-WA
APN
50-43-43-23-05-015-0340
UPID
US18-3617540
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-WA · Palm Beach, FL
Zoning C-WA · permitted uses
C-WA · 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
COMMERCIAL (GENERAL) Current
Est. value
$6.1M
RESTAURANT
Est. value
$8.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.8M
AUTO REPAIR, GARAGE
Est. value
$6.4M
RETAIL STORES
Est. value
$5.1M
OFFICE BUILDING
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$5.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1929
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Love LLC
Entity
Free & Clear · 28 yrs held
Mailing address
516 E HYMAN AVE STE B, ASPEN, CO 81611-1875
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
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
Jun 15, 2023
—
219 Worth Avenue Holdings LLC
—
Deed
related
$40,500,000 · Athene Annuity And Life Company
May 23, 2023
—
219 Worth Avenue Holdings LLC
—
Deed
related
$50,450,000 · Loancore Capital Credit Reit LLC
Apr 7, 2021
—
219 Worth Avenue Holdings LLC
—
Deed
related
$49,500,000 · Loancore Capital Credit Reit LLC
Jul 10, 1998
$15,475,000
Love LLC
Worth Arcade Associates LP
Grant Deed
—
—
—
Love LLC
—
Loan Modification
related
$11,400,000 · Bank Of America
—
—
Love LLC
—
Loan Modification
related
$9,329,619 · Bank Of America
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 219 Worth Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
