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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Medical Office Space
2730 Broadway Riviera Beach, FL 33404-4539
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2686026
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1954
Construction
CONCRETE
Total area
4,032 SF
Lot
0.31 ac (13,395 SF)
Zoning code
DC
APN
56-43-42-28-17-000-0400
UPID
US18-2686026
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
$1.21M
CAP Approach
CAP
$870k
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.23M
Owner & transaction history
Walter Chandler · 3 yrs held
Walter Chandler
since 2023
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
DC · Riviera Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Downtown Core
General category
COMMERCIAL
Zone area
117.03 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 Riviera Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riviera 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
$1,160,000
ML approach
$1,205,000
CAP Approach
CAP Return
Estimation
6%
$940,000
6.5%
$870,000
7%
$805,000
Blend value · Realmo final
$1.23M
Range $1.10M – $1.35M · ±10% · vs last sale $1.30M (May 23 2023)
Last sale anchor
$1.30M
May 23 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
$304 / 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
$8,195
Tax year 2023
Assessed value
$353,120
Assessed 2023
Previous assessed
$338,231
+4.4% YoY
Effective rate
2.32%
On assessed value
Assessed land
$174,122
Assessed improvement
$178,998
Land market value
$174,122
Improvement market value
$178,998
Total market value
$353,120
Applied tax rate
56,407.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1954
Construction
CONCRETE
Heating
FORCED AIR
Cooling
NONE
Stories
1
Total area
4,032 SF
Lot
0.31 ac (13,395 SF)
Zoning code
DC
APN
56-43-42-28-17-000-0400
UPID
US18-2686026
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
DC · Riviera Beach, FLZoning DC · permitted uses
DC · Riviera Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Downtown Core
General category
COMMERCIAL
Zone area
117.03 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1954
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Walter Chandler
Individual
Mailing address
139 WOODLAKE CIR, GREENACRES, FL 33463-3085
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2023
$1,300,000
Walter Chandler
By House Of Alcantara LLC
Warranty Deed
—
May 3, 2021
$425,000
House Of Alcantara LLC
Timothy R Toward II
Special Warranty Deed
$340,000 · Intracoastal Bank
Apr 15, 2020
—
Timothy R Toward II
Timothy R Toward
Quit Claim Deed
—
—
—
Timothy Toward
—
Deed Of Trust
related
$100,000 · Colonial 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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