Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,430,000
Outlet malls
2205 State Rd 7th Ste 100 Wellington, FL 33414-9342
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-3329336
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2004
Construction
CONCRETE
Total area
15,986 SF
Lot
9.98 ac (434,677 SF)
Zoning code
MUPD
APN
73-41-44-13-01-005-0020
UPID
US18-3329336
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
by Request
CAP Approach
CAP
$3.48M
Comparable Approach
Comparable
$4.05M
Blend (final)
Blend
$4.43M
Owner & transaction history
Jbl Plaza At Wellington LLC · 7 yrs held
Jbl Plaza At Wellington LLC
since 2019
2 recorded transactions
Zoning & alternative use
MUPD · Wellington, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$6.7M
+0.6%
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 Wellington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wellington 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%
$3,765,000
6.5%
$3,475,000
7%
$3,230,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,635,000
Current use
INDUSTRIAL (GENERAL)
$6,675,000
Change: +1% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,360,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,210,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$4.43M
Range $3.99M – $4.87M · ±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
$277 / 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
$347,570
Tax year 2023
Assessed value
$17,370,106
Assessed 2023
Previous assessed
$16,836,110
+3.2% YoY
Effective rate
2.00%
On assessed value
Assessed land
$9,784,669
Assessed improvement
$7,585,437
Land market value
$9,784,669
Improvement market value
$7,585,437
Total market value
$17,370,106
Applied tax rate
73,486.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
15,986 SF
Lot
9.98 ac (434,677 SF)
Zoning code
MUPD
APN
73-41-44-13-01-005-0020
UPID
US18-3329336
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MUPD · Wellington, FL
Zoning MUPD · permitted uses
MUPD · Wellington, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wellington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.6M
INDUSTRIAL (GENERAL)
Est. value
$6.7M
WAREHOUSE, STORAGE
Est. value
$6.4M
COMMERCIAL (GENERAL)
Est. value
$6.2M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
2004
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
9.98 ac
Current owner
From public records · entity-resolved
Jbl Plaza At Wellington LLC
Entity
Mailing address
2028 HARRISON ST STE #202, HOLLYWOOD, FL 33020-7845
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2019
$18,000,000
Jbl Plaza At Wellington LLC
Plaza At Wellington Green Owne
Trustees Deed
$50,000,000 · Bank Of America
Oct 24, 2016
—
The Plaza At Wellilngton Green Owne
The Plazaa At Willington Green LLP
Special Warranty Deed
—
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 2205 State Rd 7th Ste, Unit 100?
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.
