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Property profile & analytics
FOR LEASE
Strip malls
2669 Forest Hill Blvd West Palm Beach, FL 33406
Entity Owned
~
Est. High Equity
Property ID
US18-5517087
For Lease
1 / 2
$8,375,000
2669 Forest Hill Blvd, West Palm Beach, FL 33406
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
CONCRETE
Total area
35,108 SF
Lot
7.8 ac (339,916 SF)
Zoning code
CG
APN
70-43-44-08-34-000-0020
UPID
US18-5517087
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.73M
Comparable Approach
Comparable
$8.77M
Blend (final)
Blend
$8.38M
Owner & transaction history
Criterion Lakeshore Plaza LLC
Criterion Lakeshore Plaza LLC
since 2026
Last sale
$8.0M
4 recorded transactions
Zoning & alternative use
CG · Palm Springs, 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,455,000
6.5%
$8,730,000
7%
$8,105,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$10,335,000
Current use
Blend value · Realmo final
$8.38M
Range $7.54M – $9.21M · ±10% · vs last sale $8.00M (Feb 3 2026)
Last sale anchor
$8.00M
Feb 3 2026
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
$239 / 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
$138,601
Tax year 2023
Assessed value
$6,545,616
Assessed 2023
Previous assessed
$5,500,000
+19.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$2,719,328
Assessed improvement
$3,826,288
Land market value
$2,719,328
Improvement market value
$3,826,288
Total market value
$6,545,616
Applied tax rate
70,452.0000
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
For Lease
Year built
1985
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
35,108 SF
Lot
7.8 ac (339,916 SF)
Zoning code
CG
APN
70-43-44-08-34-000-0020
UPID
US18-5517087
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · Palm Springs, FL
Zoning CG · permitted uses
CG · Palm Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$10.3M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1985
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
7.8 ac
Current owner
From public records · entity-resolved
Criterion Lakeshore Plaza LLC
Entity
Mailing address
696 NE 125TH ST, NORTH MIAMI, FL 33161-5546
Ownership since
2026
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
Feb 3, 2026
$8,000,000
Criterion Lakeshore Plaza LLC
Lakeshore Center LLC
Special Warranty Deed
$6,500,000 · Anchor Bank
May 26, 2017
—
Lakeshore Center LLC
—
Deed
related
$2,615,000 · Banco Popular
Oct 11, 2016
$900,000
Forest 26 LLC
Lakeshore Center LLC
Grant Deed
—
—
—
Lakeshore Center LLC
—
Loan Modification
related
$2,615,000 · Banco Popular
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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