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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Commercial real estate
2616 Kirk Rd Palm Springs, FL 33406-8548
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-4660103
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1979
Construction
WOOD
Total area
4,732 SF
Lot
0.49 ac (21,262 SF)
Zoning code
RM
APN
70-43-44-18-00-000-7680
UPID
US18-4660103
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$847k
Blend (final)
Blend
$680k
Owner & transaction history
Stephen Land Coroporation · 10 yrs held
Stephen Land Coroporation
since 2016
3 recorded transactions
Zoning & alternative use
RM · Palm Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the purpose of the RM residential multiple family land development district to provide an emphasis on multiple family residences, while preserving and protecting the residential character of the village. A clustering of units and a variety of housing design and styles is encouraged in the RM district, while maintaining an appropriate density that will…
Zone name
Residential Multiple Family
General category
RESIDENTIAL
Zone area
977.11 ac
Source
Realmo
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 Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Springs 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$144 / 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
$1,115
Tax year 2023
Assessed value
$441,955
Assessed 2023
Previous assessed
$424,732
+4.1% YoY
Effective rate
0.25%
On assessed value
Assessed land
$103,575
Assessed improvement
$338,380
Land market value
$103,575
Improvement market value
$338,380
Total market value
$441,955
Applied tax rate
70,453.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
4,732 SF
Lot
0.49 ac (21,262 SF)
Zoning code
RM
APN
70-43-44-18-00-000-7680
UPID
US18-4660103
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RM · Palm Springs, FLZoning RM · permitted uses
RM · Palm Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is the purpose of the RM residential multiple family land development district to provide an emphasis on multiple family residences, while preserving and protecting the residential character of the village. A clustering of units and a variety of housing design and styles is encouraged in the RM district, while maintaining an appropriate density that will complement the surrounding development in the village. The gross density shall not exceed 5.8 dwelling units per acre for single family detached dwelling developments.
Zone name
Residential Multiple Family
General category
RESIDENTIAL
Zone area
977.11 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1979
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.49 ac
Current owner
From public records · entity-resolved
Stephen Land Coroporation
Individual
Mailing address
2616 KIRK RD, WEST PALM BEACH, FL 33406-8548
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
May 17, 2016
—
Stephen Land Coroporation
—
Deed
related
$240,000 · Td Bank NA
—
—
Stephen Land Corp
—
Deed Of Trust
related
$820,000 · Riverside National Bank
—
—
Stephen Land Corp
—
Deed Of Trust
related
$810,000 · First Peoples 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.
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