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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Strip malls
2561 Frst Hl Blvd West Palm Beach, FL 33406-5928
Entity Owned
11-yr Hold
Free & Clear
Property ID
US18-1902283
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1961
Construction
CONCRETE
Total area
4,240 SF
Lot
1.26 ac (54,886 SF)
Zoning code
RS
APN
00-43-44-08-17-000-0070
UPID
US18-1902283
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
-
Impack Liquors (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$675k
Owner & transaction history
Forest Hills Re Invs Lllp · 11 yrs held
Forest Hills Re Invs Lllp
since 2014
5 recorded transactions
Zoning & alternative use
RS · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$159 / 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
$6,372
Tax year 2023
Assessed value
$706,256
Assessed 2023
Previous assessed
$654,726
+7.9% YoY
Effective rate
0.90%
On assessed value
Assessed land
$340,536
Assessed improvement
$365,720
Land market value
$340,536
Improvement market value
$365,720
Total market value
$706,256
Applied tax rate
362.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1961
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
9
Total area
4,240 SF
Lot
1.26 ac (54,886 SF)
Zoning code
RS
APN
00-43-44-08-17-000-0070
UPID
US18-1902283
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RS · West Palm Beach, FL
Zoning RS · permitted uses
RS · 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
1961
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
9
Lot
1.26 ac
Current owner
From public records · entity-resolved
Forest Hills Re Invs Lllp
Entity
Free & Clear · 11 yrs held
Mailing address
531 N OCEAN BLVD APT #201, POMPANO BEACH, FL 33062-4611
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2014
—
Forest Hills Re Invs Lllp
Red White & Blue Invs INC
Quit Claim Deed
related
—
Nov 5, 2014
—
Forest Hills Investments Lllp
Red White & Blue Invs INC
Quit Claim Deed
related
—
May 16, 2014
$850,000
Red White & Blue Invs INC
Macaw Holdings I LLC
Warranty Deed
—
Apr 30, 2004
$336,500
Macaw Holdings I LLC
Murdock,nancy W
Grant Deed
related
—
—
—
Macaw Holdings LLC
—
Deed Of Trust
related
$545,000 · Seacoast National Bank
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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