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Property profile & analytics
FOR LEASE
Retail space
255 Royal Poinciana Way Palm Beach, FL 33480
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3973889
For Lease
1 / 9
$115 SF/Yr
255 Royal Poinciana Way, Palm Beach, FL 33480
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Construction
CONCRETE
Total area
4,213 SF
Lot
0.06 ac (2,701 SF)
Zoning code
C-TS
APN
50-43-43-22-32-000-0130
UPID
US18-3973889
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
-
Couture & More Clothing & Fashion Store
-
Main Street News (Bike/Boat/Book/etc) Store Newspaper & Magazine
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.89M
Owner & transaction history
Todd Michael Glaser · 1 yrs held
Todd Michael Glaser
since 2025
Last sale
$8.5M
2 recorded transactions
Zoning & alternative use
C-TS · 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 Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$7,115,000
ML approach
$7,420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.89M
Range $7.10M – $8.67M · ±10% · vs last sale $8.50M (Jan 31 2025)
Last sale anchor
$8.50M
Jan 31 2025
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
$1,872 / 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
$28,368
Tax year 2023
Assessed value
$1,900,072
Assessed 2023
Previous assessed
$1,759,790
+8.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$1,172,342
Assessed improvement
$727,730
Land market value
$1,172,342
Improvement market value
$727,730
Total market value
$1,900,072
Applied tax rate
50,411.0000
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
For Lease
Year built
1925
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
4,213 SF
Lot
0.06 ac (2,701 SF)
Zoning code
C-TS
APN
50-43-43-22-32-000-0130
UPID
US18-3973889
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-TS · Palm Beach, FL
Zoning C-TS · permitted uses
C-TS · Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1925
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Todd Michael Glaser
Individual
Mailing address
222 LAKEVIEW AVE PH #5, WEST PALM BEACH, FL 33401-6151
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2026
—
Glaser Todd
—
Deed
related
$6,000,000 · Fryd Mortgage LLC
Jan 31, 2025
$8,500,000
Todd Michael Glaser
255 Royal Poinciana LLC
Warranty Deed
$6,000,000 · Hd Funding LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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