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Property profile & analytics
OFF-MARKET
Estimated value
$1,770,000
Residential income homes
243 Wenonah Pl West Palm Beach, FL 33405-1971
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-4719512
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1956
Construction
CONCRETE
Total area
2,184 SF
Lot
0.39 ac (17,049 SF)
Zoning code
MF20-C1
APN
74-43-43-34-11-001-0010
UPID
US18-4719512
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
$1.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$1.77M
Owner & transaction history
Deep Vee LLC · 3 yrs held
Deep Vee LLC
since 2023
Last sale
$1.7M
3 recorded transactions
Zoning & alternative use
MF20-C1 · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ily high density residential, context 3 (SF14-C3). Sec. 94-83. - Historic single-family high density residential, context 5 (SF14-C5). Sec. 94-84. - Historic multifamily low, medium and high density, context 1 (MF14-C1, MF20-C1, MF32-C1, NWD-R-C1). Sec. 94-85. - Special exception standards for historic residential districts. Sec. 94-86. - Historic residentia…
Zone name
Historic Multifamily Medium Density Residential Context 1
General category
RESIDENTIAL
Zone area
29.09 ac
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
$1,770,000
ML approach
$1,710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,300,000
Current use
MEDICAL BUILDING
$1,180,000
Change: -9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,125,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.77M
Range $1.59M – $1.95M · ±10% · vs last sale $1.65M (May 23 2023)
Last sale anchor
$1.65M
May 23 2023
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
$810 / 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
$24,580
Tax year 2023
Assessed value
$1,289,067
Assessed 2023
Previous assessed
$1,289,067
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$734,400
Assessed improvement
$554,667
Land market value
$734,400
Improvement market value
$554,667
Total market value
$1,289,067
Applied tax rate
74,402.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1956
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
3
Stories
2
Units
4
Bathrooms
4
Total area
2,184 SF
Lot
0.39 ac (17,049 SF)
Zoning code
MF20-C1
APN
74-43-43-34-11-001-0010
UPID
US18-4719512
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MF20-C1 · West Palm Beach, FLZoning MF20-C1 · permitted uses
MF20-C1 · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ily high density residential, context 3 (SF14-C3). Sec. 94-83. - Historic single-family high density residential, context 5 (SF14-C5). Sec. 94-84. - Historic multifamily low, medium and high density, context 1 (MF14-C1, MF20-C1, MF32-C1, NWD-R-C1). Sec. 94-85. - Special exception standards for historic residential districts. Sec. 94-86. - Historic residential district definitions. Secs. 94-87-94-100. - Reserved. ARTICLE IV. - DOWNTOWN MASTER P
Zone name
Historic Multifamily Medium Density Residential Context 1
General category
RESIDENTIAL
Zone area
29.09 ac
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1956
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Units
4
Bathrooms
4
Lot
0.39 ac
Current owner
From public records · entity-resolved
Deep Vee LLC
Entity
Free & Clear · 3 yrs held
Mailing address
109 ROYAL PALM WAY, PALM BEACH, FL 33480-4249
Ownership since
2023
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
May 23, 2023
$1,650,000
Deep Vee LLC
Weissgerber Real Estate INC
Warranty Deed
—
Dec 15, 2015
—
Weissgerber Real Estate INC
Weissgerber,peter
Quit Claim Deed
related
—
Oct 6, 2015
—
Peter Weissgerber
Weissgerber Margarete
Quit Claim Deed
related
—
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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