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Property profile & analytics
FOR LEASE
Office buildings
2515 S State Road 7 Wellington, FL 33414
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US18-5281061
For Lease
1 / 10
$2,500/Mo
2515 S State Road 7, Wellington, FL 33414
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2006
Construction
CONCRETE
Total area
10,074 SF
Lot
0.22 ac (9,570 SF)
Zoning code
MUPD
APN
73-41-44-13-01-005-0030
UPID
US18-5281061
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
$960k
Owner & transaction history
2515 Wellington LLC · 14 yrs held
2515 Wellington LLC
since 2012
7 recorded transactions
Zoning & alternative use
MUPD · Wellington, 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 Wellington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wellington 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
$95 / 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
$25,418
Tax year 2023
Assessed value
$1,238,902
Assessed 2023
Previous assessed
$1,197,123
+3.5% YoY
Effective rate
2.05%
On assessed value
Assessed land
$221,496
Assessed improvement
$1,017,406
Land market value
$221,496
Improvement market value
$1,017,406
Total market value
$1,238,902
Applied tax rate
73,486.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
2006
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
10,074 SF
Lot
0.22 ac (9,570 SF)
Zoning code
MUPD
APN
73-41-44-13-01-005-0030
UPID
US18-5281061
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MUPD · Wellington, FL
Zoning MUPD · permitted uses
MUPD · Wellington, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wellington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
2515 Wellington LLC
Entity
Mailing address
2515 S STATE RD 7TH STE #210, WELLINGTON, FL 33414-9334
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2019
—
2515 Wellington LLC
—
Deed
related
$908,338 · Bankunited Fsb
Feb 13, 2012
$1,500,000
2515 Wellington LLC
Us Acquisition Xiii LLC
Warranty Deed
$755,000 · Wells Fargo Bank NA
Jun 1, 2011
$2,946,551
Us Acquisition Prop Xiii LLC
Plaza II Of Wellington Green Lllp
Grant Deed
—
Mar 9, 2006
—
Plaza II Of Wellington Green Ltd
Plaza At Wellington Green Ltd
Quit Claim Deed
related
—
Feb 9, 2005
—
Plaza II Of Wellington Green Ltd
Plaza Of Wellington Green Ltd
Quit Claim Deed
related
—
—
—
Plaza II Of Wellington Green Ltd
—
Deed Of Trust
related
$2,065,000 · Bankunited Fsb
—
—
2515 Wellington LLC
—
Deed Of Trust
related
$908,338 · Bankunited Fsb
—
—
2515 Wellington LLC
—
Deed Of Trust
related
$598,400 · Wells Fargo Bank
—
—
2515 Wellington LLC
—
Deed Of Trust
related
$755,000 · Wells Fargo Bank
—
—
Plaza At Wellington Green Ltd
—
Deed Of Trust
related
$3,310,164 · Wachovia Bank NA
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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