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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Grocery and convenience stores
2565 Westgate Ave West Palm Beach, FL 33409-5077
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-1266644
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1948
Construction
WOOD
Total area
2,080 SF
Lot
0.27 ac (11,944 SF)
Zoning code
CG
APN
00-43-43-30-03-029-0310
UPID
US18-1266644
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
-
La Gran Familia Specialty Food Shop Supermarket
-
La Mexicana Food Truck Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$790k
CAP Approach
CAP
$515k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$680k
Owner & transaction history
Zahid Properties Westgate INC · 4 yrs held
Zahid Properties Westgate INC
since 2022
Last sale
$675,000
4 recorded transactions
Zoning & alternative use
CG · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+83.8%
Auto repair, garage
$1.1M
+74.8%
Retail stores
$865,000
+41.0%
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 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
$735,000
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
$560,000
6.5%
$515,000
7%
$480,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$610,000
Current use
MEDICAL BUILDING
$1,125,000
Change: +84% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,070,000
Change: +75% · Conversion: Difficult
RETAIL STORES
$865,000
Change: +41% · Conversion: Easy
WAREHOUSE, STORAGE
$825,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$755,000
Change: +23% · Conversion: Easy
OFFICE BUILDING
$495,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$680k
Range $612k – $748k · ±10% · vs last sale $675k (Jun 2 2022)
Last sale anchor
$675k
Jun 2 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
$327 / 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
$6,309
Tax year 2023
Assessed value
$231,259
Assessed 2023
Previous assessed
$206,673
+11.9% YoY
Effective rate
2.73%
On assessed value
Assessed land
$107,415
Assessed improvement
$123,844
Land market value
$107,415
Improvement market value
$123,844
Total market value
$231,259
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1948
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
2,080 SF
Lot
0.27 ac (11,944 SF)
Zoning code
CG
APN
00-43-43-30-03-029-0310
UPID
US18-1266644
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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$610,000
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$865,000
WAREHOUSE, STORAGE
Est. value
$825,000
COMMERCIAL (GENERAL)
Est. value
$755,000
OFFICE BUILDING
Est. value
$495,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1948
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
Zahid Properties Westgate INC
Entity
Free & Clear · 4 yrs held
Mailing address
2565 WESTGATE AVE, WEST PALM BEACH, FL 33409-5077
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2022
$675,000
Zahid Properties Westgate INC
Jnvs Investment LLC
Warranty Deed
—
Dec 13, 2016
—
Jnvs Investment LLC
Fas Group LLC
Quit Claim Deed
related
—
Apr 19, 2013
—
Fas Group LLC
Santos,francisco J
Quit Claim Deed
related
—
Aug 11, 2005
$235,000
Francisco J Santos
Alonzo,gerardo & Clara
Warranty Deed
—
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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