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Property profile & analytics
OFF-MARKET
Commercial land
245 Blue Heron Blvd Riviera Beach, FL 33404-4544
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3392474
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1968
Construction
WOOD FRAME
Total area
1,740 SF
Lot
0.53 ac (23,078 SF)
Zoning code
DG
APN
56-43-42-28-12-000-0280
UPID
US18-3392474
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hai Shing Investment INC · 5 yrs held
Hai Shing Investment INC
since 2021
6 recorded transactions
Zoning & alternative use
DG · Riviera Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Downtown General
General category
COMMERCIAL
Zone area
161.00 ac
Source
Realmo
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 Riviera Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riviera 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
$8,517
Tax year 2023
Assessed value
$410,432
Assessed 2023
Previous assessed
$391,445
+4.9% YoY
Effective rate
2.08%
On assessed value
Assessed land
$392,343
Assessed improvement
$18,089
Land market value
$392,343
Improvement market value
$18,089
Total market value
$410,432
Applied tax rate
56,407.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1968
Construction
WOOD FRAME
Heating
NONE
Stories
1
Total area
1,740 SF
Lot
0.53 ac (23,078 SF)
Zoning code
DG
APN
56-43-42-28-12-000-0280
UPID
US18-3392474
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
DG · Riviera Beach, FLZoning DG · permitted uses
DG · Riviera Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Downtown General
General category
COMMERCIAL
Zone area
161.00 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1968
Construction
WOOD FRAME
Heating
NONE
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Hai Shing Investment INC
Entity
Mailing address
511 S OLIVE AVE, WEST PALM BEACH, FL 33401-5907
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2021
—
Hai Shing Investment INC
Blue Water R E INC
Quit Claim Deed
related
—
Oct 11, 2005
—
Blue Water Re INC
—
Trustees Deed
related
$85,000 · Flagler Bank
—
—
Gratton Ents INC
—
Deed Of Trust
related
$40,000 · Heine Chris (te)
—
—
Blue Water Real Estate INC
—
Deed Of Trust
related
$200,000 · Hvm84 LLC
—
—
Blue Water Re INC
—
Deed Of Trust
related
$250,000 · Plaza Realty/palm Bchs INC
—
—
Frank W Hammett
—
Deed Of Trust
related
$51,500 · Don Hintz
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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