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Property profile & analytics
OFF-MARKET
Estimated value
$2,725,000
Manufacturing properties
2625 Electronics Way West Palm Beach, FL 33407-4606
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2817765
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1966
Construction
CONCRETE
Total area
8,176 SF
Lot
1.24 ac (53,932 SF)
Zoning code
I
APN
74-43-43-09-11-000-0400
UPID
US18-2817765
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
-
Tropical Recycling Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$2.73M
Owner & transaction history
Amaryllis LLC · 4 yrs held
Amaryllis LLC
since 2022
Last sale
$2.6M
5 recorded transactions
Zoning & alternative use
I · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.4M
+29.6%
Auto repair, garage
$4.2M
+23.3%
Commercial (general)
$3.5M
+2.4%
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
$2,830,000
ML approach
$2,865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,415,000
Current use
MEDICAL BUILDING
$4,425,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,210,000
Change: +23% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,495,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$3,395,000
Change: -1% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,135,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$2.73M
Range $2.45M – $3.00M · ±10% · vs last sale $2.60M (Feb 15 2022)
Last sale anchor
$2.60M
Feb 15 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
$333 / 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
$28,834
Tax year 2023
Assessed value
$1,300,813
Assessed 2023
Previous assessed
$1,170,453
+11.1% YoY
Effective rate
2.22%
On assessed value
Assessed land
$711,916
Assessed improvement
$588,897
Land market value
$711,916
Improvement market value
$588,897
Total market value
$1,300,813
Applied tax rate
74,407.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1966
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
8,176 SF
Lot
1.24 ac (53,932 SF)
Zoning code
I
APN
74-43-43-09-11-000-0400
UPID
US18-2817765
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I · West Palm Beach, FL
Zoning I · permitted uses
I · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$3.5M
RETAIL STORES
Est. value
$3.4M
WAREHOUSE, STORAGE
Est. value
$3.1M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1966
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Amaryllis LLC
Entity
Mailing address
11 SLOANS CURV DR, PALM BEACH, FL 33480-5215
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2022
$2,600,000
Amaryllis LLC
Jerry L Spencer
Warranty Deed
—
Feb 15, 2022
—
Jerry L Spencer
2625 Electronics Way LLC
Warranty Deed
—
Mar 29, 2021
—
Way LLC
—
Deed
related
$1,125,000 · South State Bank National Association
Oct 24, 2020
$625,000
2625 Electronics Way LLC
Sharpe Linda V Trust
Warranty Deed
—
Feb 14, 2000
$40,000
Linda V Sharpe
Kobiako,zenon & Vera
Grant 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.
Try Rey
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