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Property profile & analytics
OFF-MARKET
Estimated value
$15,005,000
Hotels
2437 Metrocentre Blvd West Palm Beach, FL 33407-3151
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3104606
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2009
Construction
CONCRETE
Total area
73,260 SF
Lot
0.62 ac (27,033 SF)
Zoning code
CPD
APN
74-43-43-06-16-002-0020
UPID
US18-3104606
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
-
SpringHill Suites West Palm Beach I-95 Hotel & Motel
-
outlets of palm beach Department Store
-
2437 Metrocentre Boulevard Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.01M
Owner & transaction history
Twc West Palm S LLC · 4 yrs held
Twc West Palm S LLC
since 2021
Last sale
$16.0M
7 recorded transactions
Zoning & alternative use
CPD · 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
Method
Estimation
Statistic approach
by Request
ML approach
$13,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.01M
Range $13.50M – $16.51M · ±10% · vs last sale $16.00M (Dec 15 2021)
Last sale anchor
$16.00M
Dec 15 2021
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
$205 / 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
$313,880
Tax year 2023
Assessed value
$14,117,810
Assessed 2023
Previous assessed
$14,117,810
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$4,095,000
Assessed improvement
$10,022,810
Land market value
$4,095,000
Improvement market value
$10,022,810
Total market value
$14,117,810
Applied tax rate
74,407.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2009
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
5
Units
130
Total area
73,260 SF
Lot
0.62 ac (27,033 SF)
Zoning code
CPD
APN
74-43-43-06-16-002-0020
UPID
US18-3104606
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CPD · West Palm Beach, FL
Zoning CPD · permitted uses
CPD · 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
2009
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
5
Units
130
Lot
0.62 ac
Current owner
From public records · entity-resolved
Twc West Palm S LLC
Entity
Mailing address
40 W 57TH ST FL #29, NEW YORK, NY 10019-4001
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2021
$16,003,000
Twc West Palm S LLC
Polygon Property Owner LLC
Special Warranty Deed
$54,800,000 · Gugeenheim Real Estate LLC
Jul 25, 2017
—
Bre Polygon Property Owner LLC
—
Deed
related
$400,000 · Jpmorgan Chase Bank NA
Jul 14, 2017
—
Bre Polygon Property Owner
—
Deed
related
$365,240,000 · Jpmorgan Chase Bank NA
Feb 4, 2015
$9,851,682
Bre Polygon Property Owner LLC
Palmetto Hospitality Of West Palm B
Special Warranty Deed
—
May 2, 2013
—
Palmetto Hospitality Of West Palm
—
Deed Of Trust
related
$165,000,000 · Bank Of America
Jul 15, 2010
—
Palmetto Hospitality Of West Palm
—
Deed Of Trust
related
$14,178,405 · Bank Of America
—
—
Palmetto Hospitality Of West Palm
—
Deed Of Trust
related
$16,750,000 · Bank Of America
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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