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Property profile & analytics
FOR LEASE
Industrial properties
2253 Vista Pkwy West Palm Beach, FL 33411
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5344853
For Lease
1 / 6
$28.50 SF/Yr
2253 Vista Pkwy, West Palm Beach, FL 33411
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2005
Construction
CONCRETE
Total area
33,192 SF
Lot
7.9 ac (344,246 SF)
Zoning code
PIPD
APN
00-42-43-22-04-018-0000
UPID
US18-5344853
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
-
American Integrated Security Group | Florida Security Service General Contractor
-
EVERGLADES Laboratories, Inc. Laboratory
-
Douglas Nance Teak Furniture Production Facility Factory
-
Blue Haven Pool Builders West Palm Beach Contractors General Contractor
-
Prestige Portraits Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Midtown Vista LLC · 4 yrs held
Midtown Vista LLC
since 2021
Last sale
$37.0M
7 recorded transactions
Zoning & alternative use
PIPD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$312,030
Tax year 2023
Assessed value
$16,238,334
Assessed 2023
Previous assessed
$14,878,333
+9.1% YoY
Effective rate
1.92%
On assessed value
Assessed land
$3,976,041
Assessed improvement
$12,262,293
Land market value
$3,976,041
Improvement market value
$12,262,293
Total market value
$16,238,334
Applied tax rate
192.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
For Lease
Year built
2005
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Total area
33,192 SF
Lot
7.9 ac (344,246 SF)
Zoning code
PIPD
APN
00-42-43-22-04-018-0000
UPID
US18-5344853
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PIPD · West Palm Beach, FL
Zoning PIPD · permitted uses
PIPD · 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
2005
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
7.9 ac
Current owner
From public records · entity-resolved
Midtown Vista LLC
Entity
Mailing address
175 SW 7TH ST STE #2112, MIAMI, FL 33130-2962
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2021
$37,000,000
Midtown Vista LLC
Vista Business Park 17a LLC
Special Warranty Deed
$24,050,000 · Bankunited NA
Mar 15, 2017
—
Vista Business Park INC
—
Deed
related
$8,226,885 · Bankunited Fsb
Sep 9, 2016
—
Vista Business Park INC
—
Deed
related
$20,283,186 · Bankunited Fsb
Jul 21, 2011
—
Vista Business Park INC
—
Deed Of Trust
related
$66,385,438 · Jefferies Loancore LLC
Apr 26, 2007
—
Vista Business Park INC
—
Deed Of Trust
related
$15,575,000 · Suntrust Bank NA
Mar 21, 2007
—
Vista Business Park INC
—
Deed Of Trust
related
$1,715,000 · Suntrust Bank NA
Dec 7, 2005
—
Vista Business Park INC
—
Deed Of Trust
related
$12,834,000 · Suntrust Bank NA
—
—
Vista Business Park INC
—
Deed Of Trust
related
$1,000,000 · Suntrust Bank NA
—
—
Vista Business Park INC
—
Deed Of Trust
related
$1,400,000 · Suntrust Bank NA
—
—
Vista Business Park INC
—
Deed Of Trust
related
$1,400,000 · Suntrust Bank NA
—
—
Vista Business Park INC
—
Loan Modification
related
$20,283,186 · Bankunited Fsb
—
—
Vista Business Park INC
—
Deed Of Trust
related
$2,750,000 · Suntrust Bank NA
—
—
Vista Business Park 17a LLC
—
Deed Of Trust
related
$2,034,907 · Suntrust Bank NA
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?”
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