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    230 Sunrise Ave Palm Beach, FL 33480-3813

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    230 Sunrise Ave Palm Beach, FL 33480-3813

    View on Map
    • Strip malls
    • 7,465 SF
    • 0.57 lot acres
    Off-Market
    Property ID
    US18-4178605
    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
    $2,215,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ligne Roset / Furniture & Home Goods / Home Decor Store
    • Kaufmann de Suisse Jewelers / (Bike/Boat/Book/etc) Store

    Property Details for 230 Sunrise Ave

    Year built
    1997
    Construction
    CONCRETE
    Lot size
    0.57 lot acres
    Property size
    7,465 SF
    Zone code
    C-TS
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    50-43-43-15-10-000-0750
    APU
    50434315100000750

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,395,000
      6.5%
      $2,210,000
      7%
      $2,055,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,950,000
      Current use
      AUTO REPAIR, GARAGE
      $3,685,000
      Change: +25% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,510,000
      Change: +19% Conversion: Easy
      RETAIL STORES
      $2,975,000
      Change: +1% Conversion: Easy
      OFFICE BUILDING
      $2,960,000
      Change: +0% Conversion: Moderate
      MEDICAL BUILDING
      $2,940,000
      Change: -0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.039
    Latitude
    26.7199
    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
    $79,929
    $0.00
    $4,400,000
    $4,400,000
    -
    $0.00
    $4,400,000
    $4,400,000

    Comparable in this City

    • Value Estimation
      $31,545,000
      112,119 SF

      340 Royal Poinciana Way

      SHOPPING CENTER, STRIP CENTER • 112,119 SF
      340 Royal Poinciana Way, Palm Beach, FL 33480-4048
      View Details
    • Value Estimation
      $1,420,000
      4,700 SF

      296 County Rd

      SHOPPING CENTER, STRIP CENTER • 4,700 SF
      296 County Rd, Palm Beach, FL 33480-4245
      View Details
    • Value Estimation
      $700,000
      3,379 SF

      235 Peruvian Ave

      SHOPPING CENTER, STRIP CENTER • 3,379 SF
      235 Peruvian Ave, Palm Beach, FL 33480-4695
      View Details
    • Value Estimation
      $2,535,000
      8,464 SF

      301 County Rd

      SHOPPING CENTER, STRIP CENTER • 8,464 SF
      301 County Rd, Palm Beach, FL 33480-4250
      View Details
    • Value Estimation
      $870,000
      4,539 SF

      316 County Rd

      SHOPPING CENTER, STRIP CENTER • 4,539 SF
      316 County Rd, Palm Beach, FL 33480-6743
      View Details
    • Value Estimation
      $2,055,000
      6,742 SF

      400 Hibiscus Ave

      SHOPPING CENTER, STRIP CENTER • 6,742 SF
      400 Hibiscus Ave, Palm Beach, FL 33480-4609
      View Details

    Similar Nearby for Sale

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      Commercial and residential property in prime Palm Beach location.
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      19,500 SF

      Prime Office Location, Palm Beach

      Class A office building in the heart of Palm Beach.
      180 Royal Palm Way, Palm Beach, FL 33480
      View Details

    Similar Nearby for Lease

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      Prestigious Palm Beach Office/Retail Building

      Three-story office and retail building on world-famous Worth Avenue.
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      Prime Commercial Space in Palm Beach

      Exceptional commercial property in a sought-after Palm Beach location.
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      Luxury Office Space in Palm Beach

      Executive suites in Banker's Row, steps from Worth Avenue.
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    • Contact for pricing
      6,191 SF

      Palm Beach Office Space

      Office space available for lease in Palm Beach, Florida.
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      View Details
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    230 Sunrise Ave
    Palm Beach, FL 33480-3813
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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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