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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Office buildings
222 Picadilly St West Palm Beach, FL 33407-6017
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-0141941
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1987
Construction
CONCRETE
Total area
6,002 SF
Lot
0.43 ac (18,674 SF)
Zoning code
CMUD-CII
APN
74-43-43-10-19-005-0100
UPID
US18-0141941
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
-
Neuroscience Institute at Ambrosia Medical Clinic
-
Midwest Detox at Ambrosia Medical Clinic
-
Neuroscience Institute Physician
-
Neuroscience Research Institute of Florida - Mental Health Treatment Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.26M
Owner & transaction history
Ambrosia Of The Palm Beaches R & E · 5 yrs held
Ambrosia Of The Palm Beaches R & E
since 2020
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
CMUD-CII · 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
$1,385,000
ML approach
$1,480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,880,000
Current use
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±10% · vs last sale $850k (Oct 26 2020)
Last sale anchor
$850k
Oct 26 2020
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
$210 / 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
$22,887
Tax year 2023
Assessed value
$1,079,996
Assessed 2023
Previous assessed
$979,333
+10.3% YoY
Effective rate
2.12%
On assessed value
Assessed land
$373,480
Assessed improvement
$706,516
Land market value
$373,480
Improvement market value
$706,516
Total market value
$1,079,996
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
6,002 SF
Lot
0.43 ac (18,674 SF)
Zoning code
CMUD-CII
APN
74-43-43-10-19-005-0100
UPID
US18-0141941
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CMUD-CII · West Palm Beach, FL
Zoning CMUD-CII · permitted uses
CMUD-CII · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.9M
OFFICE BUILDING Current
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
1987
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Ambrosia Of The Palm Beaches R & E
Individual
Mailing address
222 PICADILLY ST STE #100, WEST PALM BCH, FL 33407-6017
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2020
—
Ambrosia Of The Palm Beaches R & E
—
Deed
related
$10,319,140 · Nbl Spv I LLC
Oct 26, 2020
$3,500,000
Ambrosia Of The Palm Beaches R & E
Ambrosia Real Estate South LLC
Grant Deed
—
May 19, 2016
—
Ambrosia Real Estate South LLC
—
Deed
related
$2,840,000 · Bankunited Fsb
Dec 7, 2012
—
Ponce De Leon Avenue LLC
222 Picadilly Street LLC
Grant Deed
related
—
Jan 24, 2012
—
Ponce De Leon Avenue LLC
222 Picadilly Street LLC
Grant Deed
related
—
Nov 30, 2011
$850,000
Ponce De Leon Avenue LLC
222 Picadilly Street LLC
Warranty Deed
$600,000 · Westmount Financial LP
Jul 10, 2003
$850,000
222 Picadilly Street LLC
Pucillo,anthony E & Shirley M
Grant Deed
$700,000 · Wachovia Bank NA
Apr 18, 2002
—
Anthony E Pucillo
Jaynes,david A
Quit Claim Deed
related
—
—
—
Ambrosia Real Estate LLC
—
Deed Of Trust
related
$1,000,000 · Branch Bk&tr
—
—
Anthony E Pucillo
—
Deed Of Trust
related
$175,000 · Wrr Ltd
—
—
Ambrosia Real Estate South LLC
—
Loan Modification
related
$2,840,000 · Bankunited Fsb
—
—
Ambrosia Real Estate South LLC
—
Loan Modification
related
$2,840,000 · Bankunited Fsb
—
—
Ambrosia Of The Palm Beaches R & E
—
Deed Of Trust
related
$10,319,140 · Nbl Spv I LLC
—
—
Anthony E Pucillo
—
Deed Of Trust
related
$165,000 · Homeowners Financial Resources
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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