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    2223 Palm Bch Lks Blvd West Palm Beach, FL 33409-3401
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    Property profile & analytics

    2223 Palm Bch Lks Blvd, West Palm Beach, FL 33409-3401

    View on Map
    • Outlet malls
    • 27,200 SF
    • 1.74 lot acres
    Off-Market
    Property ID
    US18-0299042
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,955,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Outlet malls

    Property Details for 2223 Palm Bch Lks Blvd

    Year built
    1980
    Construction
    CONCRETE
    Lot size
    1.74 lot acres
    Zone code
    GC
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    74-43-43-19-11-000-0030
    APU
    74434319110000030

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 27, 2026 $7,675,000 2223 Pb Lakes Blvd LLC Macaw Holdings I LLC Special Warranty Deed —
    Nov 26, 2007 — Macaw Holdings I LLC Building Exchange Warranty Deed —
    Jun 6, 2007 $4,000,000 Building Exchange Co Ethan Allen Retail INC Grant Deed —
    Feb 15, 2002 $2,600,000 Ethan Allen INC Stacy,robert R & Brenda B Grant Deed —
    — — Macaw Holdings I LLC — Deed Of Trust · related $2.5M · Levitan Family Trust (pt)
    — — Macaw Holdings I LLC — Deed Of Trust · related $720k · L'place Properties Ltd
    — — Macaw Holdings Vii LLC — Deed Of Trust · related $751k · Regions Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,588,000
      Market price range: $2.19M - $7.04M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0975
    Latitude
    26.7113
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $76,815
    $1,881,802
    $1,579,542
    $3,461,344
    -
    $1,881,802
    $1,579,542
    $3,461,344

    Comparable in this City

    • Value Estimation
      $10,075,000
      23,649 SF

      1930 Military Trl

      WHOLESALE OUTLET, DISCOUNT STORE
      1930 Military Trl, West Palm Beach, FL 33409-4718
      View Details
    • Value Estimation
      $1,545,000
      2,626 SF

      2461 Military Trl

      WHOLESALE OUTLET, DISCOUNT STORE
      2461 Military Trl, West Palm Beach, FL 33409
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    • Value Estimation
      $8,410,000
      29,820 SF

      1230 Military Trl

      WHOLESALE OUTLET, DISCOUNT STORE
      1230 Military Trl, West Palm Beach, FL 33409-6015
      View Details
    • Value Estimation
      $1,475,000
      7,458 SF

      1601 Congress Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      1601 Congress Ave, West Palm Beach, FL 33409-5152
      View Details
    • Value Estimation
      $1,365,000
      6,460 SF

      1880 Okeechobee Blvd

      SHOPPING CENTER, STRIP CENTER
      1880 Okeechobee Blvd, West Palm Beach, FL 33409-4123
      View Details
    • Value Estimation
      $1,075,000
      5,440 SF

      2700 Okeechobee Blvd

      SHOPPING CENTER, STRIP CENTER
      2700 Okeechobee Blvd, West Palm Beach, FL 33409-4010
      View Details

    Similar Nearby for Sale

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      9,096 SF

      West Palm Beach Retail Plaza

      Fully leased commercial retail plaza in West Palm Beach.
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      Retail Property with Open Floorplan

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      43,125 SF

      West Palm Beach Auto Center

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    • $1,300,000
      3,146 SF

      Retail Space Near Airport

      Retail property in a great location with 2024 roof.
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    Similar Nearby for Lease

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      6,132 SF

      Grocery-Anchored Shopping Center Space

      Retail space available in West Palm Beach shopping center.
      771-931 Village Blvd, West Palm Beach, FL 33409
      View Details
    • Contact for pricing
      1,760 SF

      Grocery-Anchored Retail Space Available

      Retail space in high-traffic, grocery-anchored shopping center for lease.
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      7,200 SF

      Retail Space in Busy Center

      Retail space available in a high-traffic shopping center.
      1870 N Military Trl, West Palm Beach, FL 33409
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      Retail Space for Lease

      Retail space available for lease in West Palm Beach.
      4348 Okeechobee Blvd, West Palm Beach, FL 33409
      View Details
    • Contact for pricing

      West Palm Beach Commercial Space

      4,900 sqft commercial space with high traffic and parking.
      4421 Okeechobee Blvd, West Palm Beach, FL 33409
      View Details
    • Contact for pricing
      11,188 SF

      Retail Space with High Ceilings

      Retail space featuring an open floor plan and ample parking.
      1722 N Military Trl, West Palm Beach, FL 33409
      View Details
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    West Palm Beach, FL 33409-3401
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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