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Property profile & analytics
OFF-MARKET
Estimated value
$2,095,000
Assisted living facilities
2831 Ave S Ave Riviera Beach, FL 33404-4042
Individually Owned
24-yr Hold
Free & Clear
Property ID
US18-4824735
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1958
Construction
WOOD
Total area
8,012 SF
Lot
3.73 ac (162,283 SF)
Zoning code
RM-15
APN
56-43-42-29-01-000-1090
UPID
US18-4824735
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$2.10M
Owner & transaction history
Jesus Minstries · 24 yrs held
Jesus Minstries
since 2002
2 recorded transactions
Zoning & alternative use
RM-15 · Riviera Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Multiple Family Dwelling District
General category
RESIDENTIAL
Zone area
290.84 ac
Source
Realmo
Top alternative use upside
Industrial (general)
$3.3M
+16.3%
Retail stores
$3.3M
+15.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$2,875,000
Current use
INDUSTRIAL (GENERAL)
$3,345,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$3,325,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$2,835,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.10M
Range $1.89M – $2.30M · ±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
$261 / 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
$4,640
Tax year 2023
Assessed value
$2,539,910
Assessed 2023
Previous assessed
$2,543,834
-0.2% YoY
Effective rate
0.18%
On assessed value
Assessed land
$530,662
Assessed improvement
$2,009,248
Land market value
$530,662
Improvement market value
$2,009,248
Total market value
$2,539,910
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1958
Construction
WOOD
Heating
NONE
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Units
24
Total area
8,012 SF
Lot
3.73 ac (162,283 SF)
Zoning code
RM-15
APN
56-43-42-29-01-000-1090
UPID
US18-4824735
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RM-15 · Riviera Beach, FLZoning RM-15 · permitted uses
RM-15 · Riviera Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Multiple Family Dwelling District
General category
RESIDENTIAL
Zone area
290.84 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$3.3M
RETAIL STORES
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.8M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1958
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
24
Lot
3.73 ac
Current owner
From public records · entity-resolved
Jesus Minstries
Individual
Free & Clear · 24 yrs held
Mailing address
2831 AVE AVE S, RIVIERA BEACH, FL 33404-4042
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2002
—
Jesus Minstries
Riviera Beach City (fl)
Quit Claim Deed
related
—
—
—
Jesus Ministrie
—
Deed Of Trust
related
$16,500 · Housing Partnership
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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