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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Grocery and convenience stores
2615 Dixie Hwy West Palm Beach, FL 33401-7919
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US19-0693558
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1967
Construction
CONCRETE
Total area
1,736 SF
Lot
0.52 ac (22,751 SF)
Zoning code
GC
APN
74-43-43-28-07-000-1600
UPID
US19-0693558
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
-
Chevron West Palm Beach Gas Station
-
T15 HVAC-Repairs-Services-Team INC Corporate Office Business Park
-
West Palm Beach Express Impact Doors & Windows Hardware & Home Improvement Interior Design
-
Agg Management Team LLC Business Management Consultant
-
Prestige Auto Details Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
$430k
Comparable Approach
Comparable
$579k
Blend (final)
Blend
$555k
Owner & transaction history
P L Ventures Of West Palm Beach LLC · 19 yrs held
P L Ventures Of West Palm Beach LLC
since 2007
7 recorded transactions
Zoning & alternative use
GC · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$915,000
+79.2%
Auto repair, garage
$895,000
+74.8%
Office building
$730,000
+42.8%
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
by Request
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
$470,000
6.5%
$430,000
7%
$400,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$510,000
Current use
COMMERCIAL (GENERAL)
$915,000
Change: +79% · Conversion: Easy
AUTO REPAIR, GARAGE
$895,000
Change: +75% · Conversion: Difficult
OFFICE BUILDING
$730,000
Change: +43% · Conversion: Moderate
WAREHOUSE, STORAGE
$690,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±10%
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
$320 / 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
$35,195
Tax year 2023
Assessed value
$1,913,603
Assessed 2023
Previous assessed
$1,464,226
+30.7% YoY
Effective rate
1.84%
On assessed value
Assessed land
$1,706,400
Assessed improvement
$207,203
Land market value
$1,706,400
Improvement market value
$207,203
Total market value
$1,913,603
Applied tax rate
74,402.0000
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
1967
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Units
6
Total area
1,736 SF
Lot
0.52 ac (22,751 SF)
Zoning code
GC
APN
74-43-43-28-07-000-1600
UPID
US19-0693558
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
GC · West Palm Beach, FL
Zoning GC · permitted uses
GC · 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
$510,000
COMMERCIAL (GENERAL)
Est. value
$915,000
AUTO REPAIR, GARAGE
Est. value
$895,000
OFFICE BUILDING
Est. value
$730,000
WAREHOUSE, STORAGE
Est. value
$690,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1967
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
6
Lot
0.52 ac
Current owner
From public records · entity-resolved
P L Ventures Of West Palm Beach LLC
Entity
Mailing address
703 SE ATLANTIC DR, LANTANA, FL 33462-1912
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2021
—
Pl Ventures Of West Palm Beach LLC
—
Deed
related
$1,842,000 · Berkshire Bank
May 18, 2017
—
Pl Ventures Of West Palm Bch LLC
—
Deed
related
—
Dec 20, 2016
—
Pl Ventures Of West Palm Bch LLC
—
Deed
related
$1,150,000 · Newtek Small Busn Fin
Apr 23, 2007
$1,200,000
P L Ventures Of West Palm Beach LLC
Melissa Properties Corp & A Pena Se
Warranty Deed
$1,037,000 · Branch Banking And Trust Co
Jun 16, 2005
$1,070,000
Melissa Properties Corp
West Palm Service Center INC
Corporation Deed
$118,000 · Harbour Petroleum Corp Of Brevard I
Jun 27, 2000
$475,000
West Palm Services Center INC
Chevron USA INC
Grant Deed
$449,000 · Money Store Commercial Mtg
—
—
Pl Ventures Of West Palm Bch LLC
—
Deed Of Trust
related
$980,218 · Branch Banking & Trust Co
—
—
Pl Ventures Of West Palm Bch LLC
—
Deed Of Trust
related
$97,681 · Branch Banking & Trust Co
—
—
Harbour Petroleum Corp Of Brevard
—
Deed Of Trust
related
—
—
—
Pl Ventures Of West Palm Bch LLC
—
Deed Of Trust
related
$1,037,000 · Harbour Petroleum Corp/brevard
—
—
Pl Ventures Of West Palm Bch LLC
—
Deed Of Trust
related
$1,150,000 · Newtek Small Busn Fin
—
—
Pl Ventures Of West Palm Bch LLC
—
Loan Modification
related
—
—
—
West Palm Service Center INC
—
Deed Of Trust
related
$76,640 · First Union National Bank
—
—
West Palm Service Center INC
—
Deed Of Trust
related
$772,000 · Blx Capital 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.
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