Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2837 State Rd 7th 7 Wellington, FL 33414-9385

    • Turn key restaurants
    • 6,099 SF
    • 1.18 lot acres
    OFF-MARKET
    Last Sale
    Mar 18, 2020
    $35,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6318382
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 2837 State Rd 7th 7

    Year built
    2012
    Construction
    CONCRETE
    Lot size
    1.18 lot acres
    Property size
    6,099 SF
    Zone code
    CC
    Property type
    Turn key restaurants
    APN
    73-41-44-13-12-004-0000
    APU
    73414413120040000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wellington
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.205
    Latitude
    26.6374
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $70,690
    $2,319,995
    $1,243,412
    $3,563,407
    -
    $2,319,995
    $1,243,412
    $3,563,407

    Comparable in this City

    • Value Estimation
      $1,900,000
      25,996 SF

      9450 Floridas Tpke

      RESTAURANT • 25,996 SF
      9450 Floridas Tpke, West Palm Beach, FL 33414
      View Details
    • Value Estimation
      $1,060,000
      8,764 SF

      2025 Wellington Grn Dr

      RESTAURANT • 8,764 SF
      2025 Wellington Grn Dr, Wellington, FL 33414-9330
      View Details
    • Value Estimation
      $4,935,000
      8,745 SF

      925 State Rd 7th 7

      RESTAURANT • 8,745 SF
      925 State Rd 7th 7, Wellington, FL 33414-6300
      View Details
    • Value Estimation
      $1,120,000
      5,702 SF

      2525 State Rd 7th 7

      RESTAURANT • 5,702 SF
      2525 State Rd 7th 7, Wellington, FL 33414-9323
      View Details
    • Value Estimation
      $1,065,000
      6,808 SF

      10260 Frst Hl Blvd

      RESTAURANT • 6,808 SF
      10260 Frst Hl Blvd, Wellington, FL 33414-9332
      View Details
    • Value Estimation
      $870,000
      7,806 SF

      10880 Frst Hl Blvd

      RESTAURANT • 7,806 SF
      10880 Frst Hl Blvd, Wellington, FL 33414-3173
      View Details

    Similar Nearby for Sale

    • $160,000

      Profitable Smoothie Restaurant in Wellington

      Turnkey smoothie franchise restaurant for sale in high-traffic Wellington plaza.
      13889 Wellington Trce, Wellington, FL 33414
      View Details
    • Contact for pricing

      Free-Standing Building on State Road 7

      13,532 SF building on 88,305 SF lot for sale.
      410 S State Road 7, Royal Palm Beach, FL 33414
      View Details
    • $4,900,000

      Equestrian Estate Land Parcel

      5.54 acre land parcel in Palm Beach Point.
      15562 Estancia Ln, Wellington, FL 33414
      View Details
    • $4,800,000

      Wellington Equestrian Farm with Stalls

      Rare 11-acre equestrian farm in the heart of Wellington.
      14996 50Th St, West Palm Beach, FL 33414
      View Details
    • $299,999
      4.75 Acres

      Wellington Ranch Land: 4.75 Acres

      Prime equestrian land, excellent location, $299,999
      0 Acme Rd, Wellington, FL 33414
      View Details
    • Contact for pricing
      3.53 Acres

      Wellington Medical Office Land

      Prime 3.53-acre site, approved for development.
      1381 State Rd 7, Wellington, FL 33414
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      36,637 SF

      Lotis Wellington Retail Space

      Prime Wellington retail, multiple suites available.
      0 Frst Hl Blvd & Hwy 441, Wellington, FL 33414
      View Details
    • $30 SF/Yr
      36,451 SF

      Wellington Medical Office Space

      Class A suites, prime Wellington location.
      12300 Shore Blvd, Wellington, FL 33414
      View Details
    • $32 SF/Yr
      47,387 SF

      Upscale Professional Park Space

      Premier office, medical, and retail space for lease.
      1035 S State Rd, Wellington, FL 33414
      View Details
    • Contact for pricing
      1,396 SF

      Retail Space in Publix-Anchored Center

      Retail space available in a Publix-anchored shopping center.
      13860-13880 Wellington Trce, Wellington, FL 33414
      View Details
    • Contact for pricing
      1,150 SF

      Wellington Warehouse, Office, Flex Space

      Warehouse, office, and flex spaces available for lease.
      3132 Fortune Way, Wellington, FL 33414
      View Details
    • $14,500 /Mo
      3,892 SF

      Equestrian Facility Ready for Business

      Wellington farm with 30 stalls, riding ring, and ample storage.
      14410 Equestrian Way, Wellington, FL 33414
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2837 State Rd 7th 7
    Wellington, FL 33414-9385
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.