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Property profile & analytics
OFF-MARKET
Estimated value
$38,555,000
High-rise multifamily apartments
2201 Australian Ave West Palm Beach, FL 33407-5637
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-8110553
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2019
Construction
STEEL FRAME
Total area
165,783 SF
Lot
7.56 ac (329,305 SF)
Zoning code
POR/PD
APN
74-43-43-16-26-002-0000
UPID
US18-8110553
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
-
Resia Mangonia Lake (formerly AHS Mangonia Lake) Apartment Building
-
Resia Mangonia Lake Apartment Building Condominium Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$44.39M
Comparable Approach
Comparable
$27.32M
Blend (final)
Blend
$38.56M
Owner & transaction history
Village At Mangonia Lake LLC · 8 yrs held
Village At Mangonia Lake LLC
since 2017
7 recorded transactions
Zoning & alternative use
POR/PD · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is for public and private cultural facilities, day care facilities, children as accessory use in houses of worship, schools, both public and private, office support retail not occupying more than 20 percent of the gross square feet, the intent of this section is to encourage through incentives, the use of innovative land planning…
Zone name
Professional Office Residential Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
26.56 ac
Source
Realmo
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$48,090,000
6.5%
$44,390,000
7%
$41,220,000
Blend value · Realmo final
$38.56M
Range $34.70M – $42.41M · ±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
$233 / 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
$866,673
Tax year 2023
Assessed value
$39,651,250
Assessed 2023
Previous assessed
$42,396,773
-6.5% YoY
Effective rate
2.19%
On assessed value
Assessed land
$5,880,000
Assessed improvement
$33,771,250
Land market value
$5,880,000
Improvement market value
$33,771,250
Total market value
$39,651,250
Applied tax rate
74,407.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2019
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
6
Units
216
Total area
165,783 SF
Lot
7.56 ac (329,305 SF)
Zoning code
POR/PD
APN
74-43-43-16-26-002-0000
UPID
US18-8110553
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
POR/PD · West Palm Beach, FLZoning POR/PD · permitted uses
POR/PD · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is for public and private cultural facilities, day care facilities, children as accessory use in houses of worship, schools, both public and private, office support retail not occupying more than 20 percent of the gross square feet, the intent of this section is to encourage through incentives, the use of innovative land planning and development techniques to create more desirable and attractive development in the city
Zone name
Professional Office Residential Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
26.56 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2019
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
6
Buildings
3
Units
216
Lot
7.56 ac
Current owner
From public records · entity-resolved
Village At Mangonia Lake LLC
Entity
Free & Clear · 8 yrs held
Mailing address
12895 SW 132ND ST #202, MIAMI, FL 33186-7201
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2020
—
Village At Mangonia Lake LLC
—
Deed
related
$27,124,346 · Pnc Bk
Mar 6, 2018
—
Village At Mangonia Lake LLC
—
Grant Deed
related
$54,300,000 · Bank Of America
Dec 22, 2017
—
Village At Mangonia Lake LLC
Redemptive Life Fellowship INC
Grant Deed
related
—
Apr 7, 2017
$4,500,000
Village At Mangonia Lake LLC
Redemptive Life Fellowship INC
Warranty Deed
—
Jan 11, 2017
—
Redemptive Life Fellowship INC
—
Deed
related
$635,000 · Private Individual
—
—
Village At Mangonia Lake LLC
—
Loan Modification
related
$27,124,346 · Pnc Bk
—
—
Redemptive Life Fellowship INC
—
Loan Modification
related
$635,000 · Private Individual
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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