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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Shopping centers
2550 Okeechobee Blvd West Palm Beach, FL 33409-4042
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-2369750
Property profile
Verified
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Lot
0.15 ac (6,630 SF)
Zoning code
CG
APN
00-43-43-30-01-004-0290
UPID
US18-2369750
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
-
Custom Signs Today (Bike/Boat/Book/etc) Store Printing Service
-
All Services On Deck, LLC Law Firm
-
The Driver's Seat Auto Parts Store
-
De Pietros Pizzeria Restaurant
-
First Place Fitness Equipment Gym & Fitness Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$805k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$745k
Owner & transaction history
1220 Lake Park Partners LLC · 3 yrs held
1220 Lake Park Partners LLC
since 2022
Last sale
$705,000
3 recorded transactions
Zoning & alternative use
CG · 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
$765,000
ML approach
$805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $705k (Nov 7 2022)
Last sale anchor
$705k
Nov 7 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
—
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
$5,587
Tax year 2023
Assessed value
$337,241
Assessed 2023
Previous assessed
$322,009
+4.7% YoY
Effective rate
1.66%
On assessed value
Assessed land
$327,092
Assessed improvement
$10,149
Land market value
$327,092
Improvement market value
$10,149
Total market value
$337,241
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
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Status
Off-Market
Heating
NONE
Lot
0.15 ac (6,630 SF)
Zoning code
CG
APN
00-43-43-30-01-004-0290
UPID
US18-2369750
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · West Palm Beach, FL
Zoning CG · permitted uses
CG · 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
Heating
NONE
Lot
0.15 ac
Current owner
From public records · entity-resolved
1220 Lake Park Partners LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2247 PALM BCH LKS BLVD STE #204, WEST PALM BEACH, FL 33409-3409
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2022
$705,000
1220 Lake Park Partners LLC
Camo Kos LLC
Warranty Deed
—
Jan 13, 2022
$6,100,000
Spencer Square Partners LLC
Spencer Square Holdings INC
Special Warranty Deed
$2,000,000 · Flagler Bank
Jan 12, 2001
$505,000
Spencer Square Holdings INC
Square Trust
Grant Deed
related
$1,200,000 · Southtrust Bank Alabama 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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