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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Grocery and convenience stores
2741 State Rd 7th 7, Wellington, FL 33414-9320
Individually Owned
11-yr Hold
Free & Clear
Property ID
US18-5181027
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2005
Construction
CONCRETE
Total area
3,744 SF
Lot
1.31 ac (56,950 SF)
Zoning code
MUPD
APN
73-41-44-13-05-012-0000
UPID
US18-5181027
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
$655k
CAP Approach
CAP
$930k
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$945k
Owner & transaction history
Weingarten Rlty Invtrs · 11 yrs held
Weingarten Rlty Invtrs
since 2015
4 recorded transactions
Zoning & alternative use
MUPD · Wellington, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.6M
+41.0%
Warehouse, storage
$1.5M
+35.1%
Commercial (general)
$1.5M
+32.0%
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 Wellington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wellington 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
$655,000
CAP Approach
CAP Return
Estimation
6%
$1,010,000
6.5%
$930,000
7%
$865,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,100,000
Current use
RETAIL STORES
$1,555,000
Change: +41% · Conversion: Easy
WAREHOUSE, STORAGE
$1,490,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,455,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$1,325,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±10%
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
$252 / 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
$62,636
Tax year 2023
Assessed value
$3,108,352
Assessed 2023
Previous assessed
$3,026,464
+2.7% YoY
Effective rate
2.02%
On assessed value
Assessed land
$2,197,131
Assessed improvement
$911,221
Land market value
$2,197,131
Improvement market value
$911,221
Total market value
$3,108,352
Applied tax rate
73,486.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
8
Total area
3,744 SF
Lot
1.31 ac (56,950 SF)
Zoning code
MUPD
APN
73-41-44-13-05-012-0000
UPID
US18-5181027
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MUPD · Wellington, FL
Zoning MUPD · permitted uses
MUPD · Wellington, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wellington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2005
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
8
Lot
1.31 ac
Current owner
From public records · entity-resolved
Weingarten Rlty Invtrs
Individual
Free & Clear · 11 yrs held
Mailing address
500 N BROADWAY STE #201, JERICHO, NY 11753-2122
Ownership since
2015
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
Apr 22, 2015
$10,049,166
Weingarten Rlty Invtrs
Fern Dev Ltd
Grant Deed
—
Jan 14, 2013
—
Fern Dev Ltd
—
Deed Of Trust
related
$3,450,000 · Sabadell United Bank NA
Apr 28, 2009
—
Swordfish Real Estate LLC
—
Deed Of Trust
related
$11,481,000 · Regions Bank
—
—
Swordfish Real Estate LLC
—
Deed Of Trust
related
$807,000 · Regions 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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