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Property profile & analytics
OFF-MARKET
Estimated value
$7,330,000
Drug stores
230 Us Hwy 1st 1 North Palm Beach, FL 33408-5459
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-2665791
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2000
Construction
CONCRETE
Total area
14,321 SF
Lot
1.25 ac (54,302 SF)
Zoning code
C-S
APN
68-43-42-16-01-000-2090
UPID
US18-2665791
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.81M
Blend (final)
Blend
$7.33M
Owner & transaction history
Gzk Palm Beach LLC · 5 yrs held
Gzk Palm Beach LLC
since 2020
Last sale
$8.0M
3 recorded transactions
Zoning & alternative use
C-S · North Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.0M
+84.3%
Apartment house (5+ units)
$8.5M
+43.5%
Medical building
$7.8M
+30.4%
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 North Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
RETAIL STORES
$5,940,000
Current use
RESTAURANT
$10,955,000
Change: +84% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$8,530,000
Change: +44% · Conversion: Difficult
MEDICAL BUILDING
$7,750,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,370,000
Change: +24% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,980,000
Change: +1% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,695,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,565,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$7.33M
Range $6.60M – $8.06M · ±10% · vs last sale $8.02M (Dec 21 2020)
Last sale anchor
$8.02M
Dec 21 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
$512 / 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
$73,091
Tax year 2023
Assessed value
$3,827,027
Assessed 2023
Previous assessed
$3,783,029
+1.2% YoY
Effective rate
1.91%
On assessed value
Assessed land
$1,987,918
Assessed improvement
$1,839,109
Land market value
$1,987,918
Improvement market value
$1,839,109
Total market value
$3,827,027
Applied tax rate
68,401.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
14,321 SF
Lot
1.25 ac (54,302 SF)
Zoning code
C-S
APN
68-43-42-16-01-000-2090
UPID
US18-2665791
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-S · North Palm Beach, FL
Zoning C-S · permitted uses
C-S · North Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Palm Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.9M
RESTAURANT
Est. value
$11.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.5M
MEDICAL BUILDING
Est. value
$7.8M
AUTO REPAIR, GARAGE
Est. value
$7.4M
INDUSTRIAL (GENERAL)
Est. value
$6.0M
WAREHOUSE, STORAGE
Est. value
$5.7M
COMMERCIAL (GENERAL)
Est. value
$5.6M
RETAIL STORES Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
2000
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.25 ac
Current owner
From public records · entity-resolved
Gzk Palm Beach LLC
Entity
Free & Clear · 5 yrs held
Mailing address
9 DUMPLIN HL LN, HUNTINGTON, NY 11743-5800
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2021
—
Gzk Palm Beach LLC
—
Deed
related
$1,989,000 · Td Bank NA
Dec 21, 2020
$8,022,115
Gzk Palm Beach LLC
Ds N Palm Beach Fl Land Ll
Grant Deed
—
May 4, 2020
$6,894,895
Ds N Palm Bch Fl Landlord LLC
Walgreen Co
Grant Deed
—
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
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