Property profile

283 Royal Poinciana Way Palm Beach, FL 33480

OFF-MARKET
Retail space
Property ID
US18-5527832
11,640 SF 0.2 ac lot Built 1923
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1923
Construction CONCRETE
Total area 11,640 SF
Lot 0.2 ac (8,499 SF)
Zoning code C-TS
APN 50-43-43-22-32-000-0010
UPID US18-5527832

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
  • (Bike/Boat/Book/etc) Store Cosmetic Store
  • Hair Salon

Location

283 Royal Poinciana Way Palm Beach, FL 33480-4007
Palm Beach metro Census 3512 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.90M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$10.55M

Owner & transaction history

since 2022
Last sale
$11.0M
5 recorded transactions
2022
$11.0M
2021
$7.2M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-TS · Palm Beach, FL
Zoning description

The purposes of the C-TS town serving commercial district are to Create, preserve and enhance areas of attractive, small scale, retail, personal and professional or business services to be developed either as a unit or i…

General category COMMERCIAL
Top alternative use upside
Restaurant $8.0M +73.1%
Apartment house (5+ units) $8.0M +71.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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