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Property profile & analytics
OFF-MARKET
Estimated value
$38,350,000
High-rise multifamily apartments
2210 Australian Ave West Palm Beach, FL 33407-5633
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5301163
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1997
Construction
STEEL FRAME
Total area
82,499 SF
Lot
8.07 ac (351,555 SF)
Zoning code
MF32
APN
74-43-43-09-11-002-0000
UPID
US18-5301163
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
-
Joseph's Village Senior Living Community Center
-
Uptown 22 Apartments Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$48.91M
Blend (final)
Blend
$38.35M
Owner & transaction history
Uptown 22 LP · 5 yrs held
Uptown 22 LP
since 2021
Last sale
$41.4M
5 recorded transactions
Zoning & alternative use
MF32 · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Sec. 94-77. - Multifamily high density (MF32) residential district. Sec. 94-78. - Historic residential districts. Sec. 94-79. - Historic residential design standards. Sec. 94-80. - Historic single-family low density residential, context 4 (SF7-C4).
Zone name
Multifamily High Density Residential
General category
RESIDENTIAL
Zone area
372.01 ac
Top alternative use upside
Restaurant
$63.1M
+28.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$49,130,000
Current use
RESTAURANT
$63,095,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$44,645,000
Change: -9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$42,460,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$38.35M
Range $34.52M – $42.19M · ±10% · vs last sale $41.40M (Aug 4 2021)
Last sale anchor
$41.40M
Aug 4 2021
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
$465 / 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
$702,971
Tax year 2023
Assessed value
$31,521,033
Assessed 2023
Previous assessed
$29,337,002
+7.4% YoY
Effective rate
2.23%
On assessed value
Assessed land
$6,627,600
Assessed improvement
$24,893,433
Land market value
$6,627,600
Improvement market value
$24,893,433
Total market value
$31,521,033
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
1997
Construction
STEEL FRAME
Heating
NONE
Cooling
AC.PACKAGE
Buildings
3
Stories
6
Units
120
Total area
82,499 SF
Lot
8.07 ac (351,555 SF)
Zoning code
MF32
APN
74-43-43-09-11-002-0000
UPID
US18-5301163
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MF32 · West Palm Beach, FLZoning MF32 · permitted uses
MF32 · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Sec. 94-77. - Multifamily high density (MF32) residential district. Sec. 94-78. - Historic residential districts. Sec. 94-79. - Historic residential design standards. Sec. 94-80. - Historic single-family low density residential, context 4 (SF7-C4).
Zone name
Multifamily High Density Residential
General category
RESIDENTIAL
Zone area
372.01 ac
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$49.1M
RESTAURANT
Est. value
$63.1M
MEDICAL BUILDING
Est. value
$44.6M
AUTO REPAIR, GARAGE
Est. value
$42.5M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1997
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
6
Buildings
3
Units
120
Lot
8.07 ac
Current owner
From public records · entity-resolved
Uptown 22 LP
Entity
Mailing address
2110 W COUNTY LINE RD, JACKSON, NJ 08527-2049
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2021
$41,400,000
Uptown 22 LP
Gpai Uptown 22 LLC
Special Warranty Deed
$34,970,000 · Arbor Realty SR INC
Dec 14, 2018
$21,400,000
Gpai Uptown 22 LLC
2210 N Australian Ave LLC
Grant Deed
—
May 20, 2013
$4,186,200
2210 N Australian Ave LLC
Mangonia Residence I L Coc
Trustees Deed
—
—
—
2210 N Australian Ave LLC
—
Deed Of Trust
related
$4,000,000 · Bank Hapoalim Bm
—
—
2210 N Australian Ave LLC
—
Loan Modification
related
$5,000,000 · Bank Hapoalim Bm
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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