Office buildings
Entity Owned
21-yr Hold
Free & Clear
Entity Owned
No photos on file
For Sale
$465,000
2715 N Australian Ave, West Palm Beach, FL 33407
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Property summary
AI-generated overview
The property is a professional, stand-alone office building with office suites that provide a west-side waterfront view of Lake Mangonia. The building contains at least two suites: Suite 104, which has 1,885 square feet and includes freshly cleaned carpet flooring and a large central area with higher clearance suitable for additional workstations or a bullpen layout; and Suite 105, which has 1,045 square feet and includes a kitchenette area equipped with a working microwave and refrigerator. The separating wall between Suite 104 and Suite 105 can be removed to combine the space into a single office configuration totaling 2,930 square feet. The building includes clean, air-conditioned men’s and women’s restrooms located in the lobby, with air conditioning provided for both the suites and the restrooms, and common areas (lobby and restrooms) are delivered clean. The property is located in an Opportunity Zone.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1986
Construction
CONCRETE
Total area
5,820 SF
Lot
0.43 ac (18,578 SF)
Zoning code
OC
APN
74-43-43-09-11-000-0112
UPID
US18-1962908
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Association / Organization
-
Factory Production Facility
-
Production Facility Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$465k
Owner & transaction history
since 2004
5 recorded transactions
Zoning & alternative use
OC · West Palm Beach, FL
Zoning description
ng Requirements - OBD-25 Sec. 94-135. - Continued Secs. 94-136-94-140. - Reserved. ARTICLE V. - COMMERCIAL DISTRICTS Sec. 94-141. - Intent. Sec. 94-142. - General development standards. Sec. 94-143. - Office commercial (…
General category
INDUSTRIAL
Top alternative use upside
Commercial (general)
$2.5M
+36.4%
Industrial (general)
$2.4M
+33.2%
Retail stores
$2.4M
+32.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 4 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$465k
Value range
$419k – $512k
±10% around blend
Estimated value / SF
$80 / SF
Confidence
Low
4 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
40
Income certainty
100
$419k
blend $465k
$512k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,820 SF
Lot area
0.43 ac
Year built
1986
Stories
1
APN
74-43-43-09-11-000-0112
Assessed value
$900,030
Annual tax
$19,819
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$19,819
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$3.97M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.0 mi away · 6,474 SF
5.3 mi away · 5,678 SF
9.2 mi away · 4,886 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$465k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 46 sales
$313
-75%
Submarket 447 sales
$354
-77%
County 950 sales
$397
-80%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $80/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+36%
vs current-use indication
Industrial (general)
Retail Stores
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.90M
Move the market yield to see immediate price impact.
Value / SF
$498
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$183k
$3.65M
$2.61M
$2.03M
$203k
$4.06M
$2.90M
$2.25M
$223k
$4.46M
$3.19M
$2.48M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$4.75M
1.7 mi · Jan 2026 · $770/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$19,819
Tax year 2023
Assessed value
$900,030
Assessed 2023
Previous assessed
$847,524
+6.2% YoY
Effective rate
2.20%
On assessed value
Assessed land
$310,658
Assessed improvement
$589,372
Land market value
$310,658
Improvement market value
$589,372
Total market value
$900,030
Applied tax rate
74,407.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Sale
Year built
1986
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
5,820 SF
Lot
0.43 ac (18,578 SF)
Zoning code
OC
APN
74-43-43-09-11-000-0112
UPID
US18-1962908
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
OC · West Palm Beach, FLZoning OC · permitted uses
OC · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
ng Requirements - OBD-25 Sec. 94-135. - Continued Secs. 94-136-94-140. - Reserved. ARTICLE V. - COMMERCIAL DISTRICTS Sec. 94-141. - Intent. Sec. 94-142. - General development standards. Sec. 94-143. - Office commercial (…
General category
INDUSTRIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.43 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
OC
INDUSTRIAL
Jurisdiction
West Palm Beach, FL
Recorded code
OC
Official district
OC
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for OC in West Palm Beach, FL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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