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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Medical Office Space
2801 Flagler Dr West Palm Beach, FL 33407-5215
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-5644449
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1958
Construction
CONCRETE
Total area
5,420 SF
Lot
0.55 ac (24,145 SF)
Zoning code
CMUD-E
APN
74-43-43-10-16-000-0010
UPID
US18-5644449
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
-
North Palm Beach Recovery Center Rehabilitation Center
-
Robert Bacher Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.17M
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.07M
Owner & transaction history
2801 Flagler Investment LLC · 8 yrs held
2801 Flagler Investment LLC
since 2017
7 recorded transactions
Zoning & alternative use
CMUD-E · West Palm Beach, 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%
$1,265,000
6.5%
$1,165,000
7%
$1,085,000
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±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
$196 / 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
$31,853
Tax year 2023
Assessed value
$1,675,648
Assessed 2023
Previous assessed
$1,287,141
+30.2% YoY
Effective rate
1.90%
On assessed value
Assessed land
$869,256
Assessed improvement
$806,392
Land market value
$869,256
Improvement market value
$806,392
Total market value
$1,675,648
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1958
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
5,420 SF
Lot
0.55 ac (24,145 SF)
Zoning code
CMUD-E
APN
74-43-43-10-16-000-0010
UPID
US18-5644449
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CMUD-E · West Palm Beach, FLZoning CMUD-E · permitted uses
CMUD-E · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1958
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.55 ac
Current owner
From public records · entity-resolved
2801 Flagler Investment LLC
Entity
Mailing address
1900 N AUSTRALIAN AVE, WEST PALM BEACH, FL 33407-5627
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2017
$1,243,000
2801 Flagler Investment LLC
2801 N Flagler LLC
Warranty Deed
$1,740,200 · First Bk/the Palm Beaches
Mar 25, 2014
—
2801 N Flagler LLC
Flagler Ventures LLC
Quit Claim Deed
—
Aug 16, 2011
$730,000
Flagler Ventures LLC
2801 North Flagler Drive Ltd
Warranty Deed
$380,000 · 2801 North Flagler Drive Ltd
Jan 22, 2010
—
2801 North Flagler Drive Ltd
—
Trustees Deed
related
$357,235 · Eurobank
Jan 3, 2000
—
2801 North Flagler Dr Ltd
—
Grant Deed
related
$528,750 · Eurobank
Apr 2, 1997
$300,000
2801 N Flagler Dr Ltd
Rotter Spivey Warren Janssen
Grant Deed
$250,000 · Rotter Spivey Warren Janssen
—
—
2801 North Flagler Drive Ltd
—
Deed Of Trust
related
$346,695 · Eurobank
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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