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Property profile & analytics
OFF-MARKET
Estimated value
$1,820,000
Medical Office Space
2521 Metrocentre Blvd West Palm Beach, FL 33407-3106
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-5788743
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Construction
CONCRETE
Total area
9,672 SF
Lot
1.04 ac (45,259 SF)
Zoning code
CPD
APN
74-43-43-06-12-000-0030
UPID
US18-5788743
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
-
Air Conditioning Repair West Palm Beach HVAC Service General Contractor
-
Daylight Recovery Center Medical Clinic
-
Dr. Salomon E. Melgen, MD Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.82M
Owner & transaction history
All Addiction Recovery LLC · 1 yrs held
All Addiction Recovery LLC
since 2025
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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,255,000
6.5%
$2,080,000
7%
$1,930,000
Blend value · Realmo final
$1.82M
Range $1.64M – $2.00M · ±10%
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
$188 / 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
$65,729
Tax year 2023
Assessed value
$3,141,973
Assessed 2023
Previous assessed
$3,039,466
+3.4% YoY
Effective rate
2.09%
On assessed value
Assessed land
$855,357
Assessed improvement
$2,286,616
Land market value
$855,357
Improvement market value
$2,286,616
Total market value
$3,141,973
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1991
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
9,672 SF
Lot
1.04 ac (45,259 SF)
Zoning code
CPD
APN
74-43-43-06-12-000-0030
UPID
US18-5788743
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
1991
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
All Addiction Recovery LLC
Entity
Free & Clear · 1 yrs held
Mailing address
16389 BRIDLEWOOD CIR, DELRAY BEACH, FL 33445-6677
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2025
—
All Addiction Recovery LLC
Black Knight 24 LLC
Deed
—
Jan 22, 2025
—
All Addiction Recovery LLC
Black Knight 24 LLC
Deed
—
Jan 22, 2025
$8,600,000
Black Knight 24 LLC
Ricci Real Estate Holdings LLC
Special Warranty Deed
—
Dec 11, 2024
$5,880,000
Ricci Real Estate Holdings LLC
Metro Center West Palm LLC
Special Warranty Deed
$50,000 · Blue Cane Properties LLC
Mar 30, 2022
—
Emerald Place Delray LLC
—
Deed
related
$2,500,000 · The Galinn Fund LLC
Aug 17, 2018
—
Metro Center West Palm LLC
2521 Metrocentre LLC
Quit Claim Deed
related
—
Aug 17, 2018
$4,850,000
Metro Center West Palm LLC
2521 Metrocenter LLC
Special Warranty Deed
$3,640,000 · Td Bank NA
Nov 27, 2017
—
2521 Metrocentre LLC
—
Deed
related
$1,500,000 · Other Institutional Lenders
May 12, 2017
—
2521 Metrocentre LLC
—
Deed
related
$2,500,000 · Other Institutional Lenders
Oct 5, 2016
$1,900,000
2521 Metrocentre LLC
Sfm Holdings Two Lllp
Warranty Deed
—
Dec 26, 2012
—
Sfm Holdings LP II
Sfm Holdings LP
Quit Claim Deed
—
Jan 31, 2000
$664,000
Sfm Holdings LP
Melgen,salomon E
Quit Claim Deed
related
—
—
—
2521 Metrocentre LLC
—
Deed Of Trust
related
$2,500,000 · Other Institutional Lenders
—
—
2521 Metrocentre LLC
—
Loan Modification
related
$1,500,000 · Other Institutional Lenders
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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