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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 Apartment 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
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, FL
Zoning 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
West Palm Beach. Always verify with local authorities before improvements.
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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