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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
2500 Westgate Ave West Palm Beach, FL 33409-5078
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US19-0369163
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1968
Construction
CONCRETE
Total area
2,460 SF
Lot
0.27 ac (11,600 SF)
Zoning code
CN
APN
00-43-43-30-03-035-0261
UPID
US19-0369163
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
-
New Dawn Public Claim Adjuster Financial Advisor
-
Kwik Stop Grocery & Convenience Store
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
Maritime Financial Investments INC · 20 yrs held
Maritime Financial Investments INC
since 2006
6 recorded transactions
Zoning & alternative use
CN · 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
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
$7,914
Tax year 2023
Assessed value
$311,377
Assessed 2023
Previous assessed
$291,496
+6.8% YoY
Effective rate
2.54%
On assessed value
Assessed land
$103,680
Assessed improvement
$207,697
Land market value
$103,680
Improvement market value
$207,697
Total market value
$311,377
Applied tax rate
197.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1968
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
2,460 SF
Lot
0.27 ac (11,600 SF)
Zoning code
CN
APN
00-43-43-30-03-035-0261
UPID
US19-0369163
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CN · West Palm Beach, FL
Zoning CN · permitted uses
CN · 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
1968
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
Maritime Financial Investments INC
Entity
Mailing address
8951 ALEXANDRA CIR, WELLINGTON, FL 33414-6437
Ownership since
2006
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
Jul 30, 2020
—
Maritime Flnandan Nvestments INC
—
Deed
related
$235,000 · Flagler Bank
May 1, 2006
$475,000
Maritime Financial Investments INC
2500 Westgage Avenue Corp
Corporation Deed
$308,750 · Wachovia Bank NA
May 2, 2005
$550,000
2500 Westgate Avenue Corp
Shahida Begum
Warranty Deed
$372,000 · Wachovia Bank NA
Mar 28, 2001
$240,000
Mohammed S Islam
Foreign Group
Grant Deed
$192,000 · Wachovia Bank NA
—
—
Maritime Financial Invs INC
—
Deed Of Trust
related
$70,000 · Wachovia Bank NA
—
—
Foreign Group
—
Deed Of Trust
related
$467,000 · Eagle National Bank Of Miami
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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