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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Strip malls
2480 Congress Ave Ste A1 Palm Springs, FL 33406-7615
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5287204
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
WOOD
Total area
6,968 SF
Lot
0.7 ac (30,457 SF)
Zoning code
CG
APN
70-43-44-17-05-005-0011
UPID
US18-5287204
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
$1.21M
CAP Approach
CAP
$1.73M
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.45M
Owner & transaction history
Palm Springs Medical Center LLC · 2 yrs held
Palm Springs Medical Center LLC
since 2023
Last sale
$1.4M
5 recorded transactions
Zoning & alternative use
CG · Palm Springs, 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 Palm Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Springs 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
$1,235,000
ML approach
$1,205,000
CAP Approach
CAP Return
Estimation
6%
$1,875,000
6.5%
$1,730,000
7%
$1,610,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,050,000
Current use
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±10% · vs last sale $1.39M (Aug 29 2023)
Last sale anchor
$1.39M
Aug 29 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
$207 / 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
$28,956
Tax year 2023
Assessed value
$1,283,565
Assessed 2023
Previous assessed
$1,234,375
+4.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$512,913
Assessed improvement
$770,652
Land market value
$512,913
Improvement market value
$770,652
Total market value
$1,283,565
Applied tax rate
70,453.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
6,968 SF
Lot
0.7 ac (30,457 SF)
Zoning code
CG
APN
70-43-44-17-05-005-0011
UPID
US18-5287204
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · Palm Springs, FL
Zoning CG · permitted uses
CG · Palm Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1987
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Palm Springs Medical Center LLC
Entity
Mailing address
2480 S CONGRESS AVE STE A1, PALM SPRINGS, FL 33406-7615
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2023
$1,385,000
Palm Springs Medical Center LLC
Marc Matut
Warranty Deed
—
Sep 21, 2016
—
Congress Avenue Realty LLC
—
Deed
related
$600,000 · Stonegate Bk
Feb 6, 2015
$805,000
Congress Avenue Realty LLC
Vultaggio,vincenzo & Agata
Warranty Deed
—
—
—
Vultaggio Onofrio Trust
—
Deed Of Trust
related
$292,753 · Wells Fargo Bank
—
—
Congress Avenue Realty LLC
—
Deed Of Trust
related
$600,000 · Stonegate Bk
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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