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Property profile & analytics
OFF-MARKET
Estimated value
$1,370,000
Retail space
2545 Northlake Blvd, North Palm Beach, FL 33403-2006
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5442519
Property summary
AI-generated overview
This exceptional retail property, located at 2545 Northlake Boulevard, offers a fantastic opportunity for a single-tenant business seeking high visibility and excellent exposure. The 2,512 square foot standalone building boasts a dedicated front parking lot, ensuring convenient access for customers. Constructed with impact windows, the building is designed for durability and security. The property is zoned C1 (city), providing flexibility for a variety of retail uses. The APN is 68434217060000061. This is a gross lease arrangement, with sales tax added. The strategic location on the busy Northlake Boulevard guarantees significant foot traffic and vehicular visibility, making it an ideal location to establish or expand your business. The property's standalone nature offers excellent branding opportunities and a distinct presence. Don't miss this chance to secure a prime retail space in a high-traffic area. This property is in high demand and will not remain available for long. The building features no additional suites. Serious inquiries only.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1972
Construction
CONCRETE
Total area
2,512 SF
Lot
0.78 ac (33,803 SF)
Zoning code
C-NB
APN
68-43-42-17-06-000-0061
UPID
US18-5442519
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
$1.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.37M
Owner & transaction history
D Keller LLC · 4 yrs held
D Keller LLC
since 2022
Last sale
$1.4M
1 recorded transaction
Zoning & alternative use
C-NB · North Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+30.4%
Auto repair, garage
$1.3M
+24.0%
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 North Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$1,340,000
ML approach
$1,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,040,000
Current use
MEDICAL BUILDING
$1,360,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,295,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$975,000
Change: -6% · Conversion: Easy
OFFICE BUILDING
$890,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.37M
Range $1.23M – $1.51M · ±10% · vs last sale $1.40M (Jun 6 2022)
Last sale anchor
$1.40M
Jun 6 2022
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
$545 / 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
$23,688
Tax year 2023
Assessed value
$1,122,695
Assessed 2023
Previous assessed
$1,122,695
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$540,832
Assessed improvement
$581,863
Land market value
$540,832
Improvement market value
$581,863
Total market value
$1,122,695
Applied tax rate
68,401.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
2,512 SF
Lot
0.78 ac (33,803 SF)
Zoning code
C-NB
APN
68-43-42-17-06-000-0061
UPID
US18-5442519
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-NB · North Palm Beach, FL
Zoning C-NB · permitted uses
C-NB · North Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Palm Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$975,000
OFFICE BUILDING
Est. value
$890,000
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1972
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.78 ac
Current owner
From public records · entity-resolved
D Keller LLC
Entity
Mailing address
9043 PROSPERITY FARMS RD, LAKE PARK, FL 33403-1455
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2022
$1,400,000
D Keller LLC
William S Aldrich
Warranty Deed
$1,150,000 · William Aldrich
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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