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Property profile & analytics
OFF-MARKET
Estimated value
$3,690,000
Banks
2701 Okeechobee Blvd West Palm Beach, FL 33409-4009
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-2346370
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1963
Construction
CONCRETE
Total area
9,503 SF
Lot
1.27 ac (55,369 SF)
Zoning code
GC
APN
74-43-43-19-01-000-0022
UPID
US18-2346370
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
-
Wells Fargo Bank Bank Loan Service
-
RSI Asset Management Loan Service Bank
-
MorningStar Commercial & Residential Services General Contractor
-
House Cleaning Service West Palm Beach Hardware & Home Improvement
-
Wells Fargo ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.83M
Blend (final)
Blend
$3.69M
Owner & transaction history
Tomahawk Holdings 2701 LLC · 2 yrs held
Tomahawk Holdings 2701 LLC
since 2023
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
GC · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.7M
+25.3%
Medical building
$5.1M
+13.9%
Auto repair, garage
$4.9M
+8.3%
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
$3,195,000
ML approach
$3,385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$4,515,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,660,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$5,145,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,890,000
Change: +8% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,965,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$3,945,000
Change: -13% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,780,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.69M
Range $3.32M – $4.06M · ±10% · vs last sale $4.03M (Nov 30 2023)
Last sale anchor
$4.03M
Nov 30 2023
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
$388 / 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
$52,504
Tax year 2023
Assessed value
$2,491,986
Assessed 2023
Previous assessed
$2,405,376
+3.6% YoY
Effective rate
2.11%
On assessed value
Assessed land
$1,411,859
Assessed improvement
$1,080,127
Land market value
$1,411,859
Improvement market value
$1,080,127
Total market value
$2,491,986
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1963
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Total area
9,503 SF
Lot
1.27 ac (55,369 SF)
Zoning code
GC
APN
74-43-43-19-01-000-0022
UPID
US18-2346370
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
FINANCIAL BUILDING Current
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$4.9M
INDUSTRIAL (GENERAL)
Est. value
$4.0M
RETAIL STORES
Est. value
$3.9M
WAREHOUSE, STORAGE
Est. value
$3.8M
FINANCIAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (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
1963
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
4
Lot
1.27 ac
Current owner
From public records · entity-resolved
Tomahawk Holdings 2701 LLC
Entity
Mailing address
2701 OKEECHOBEE BLVD, WEST PALM BEACH, FL 33409-4009
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2023
$4,025,000
Tomahawk Holdings 2701 LLC
Balkhi Enterprises LLC
Warranty Deed
$3,307,000 · Finwise Bank
Jul 26, 2017
$2,000,000
Balkhi Ents LLC
Npn Capital Partners LLC
Warranty Deed
—
Jun 11, 2016
—
Npn Capital Partners LLC
—
Deed
related
$875,000 · Sw Partners LLC
Dec 16, 2014
$714,000
Npn Capital Partners LLC
Nfr Ecp I-3342 Westward LLC
Grant Deed
$525,000 · Karlton Fredrick N (te)
Mar 19, 2013
$187,367
Nfr Ecp I-3342 Westward LLC
First States Invtrs 3300 B LP
Grant Deed
—
Mar 19, 2013
—
Nfr Ecp I-3342 Westward LLC
—
Deed Of Trust
related
$183,500,000 · Pb Capital Corp
Apr 16, 2008
—
First States Investors 3300 B LP
First States Investors 3300 LLC
Special Warranty Deed
—
Nov 22, 2004
$469,635
First States Invtrs 3300 LLC
Wachovia Bank NA
Deed Of Trust
related
$219,000,000 · Lehman Brothers Bank Fsb
—
—
Npn Capital Partners LLC
—
Deed Of Trust
related
$875,000 · Sw Partners 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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