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Property profile & analytics
OFF-MARKET
Estimated value
$6,795,000
Strip malls
2845 Military Trl 1 West Palm Beach, FL 33409-2955
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-0185295
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
CONCRETE
Total area
43,801 SF
Lot
4.54 ac (197,762 SF)
Zoning code
CG
APN
00-42-43-24-00-000-3170
UPID
US18-0185295
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
-
Rapid Tax USA Tax Preparation
-
Direct Auto Insurance Insurance Agency
-
Dr. Andrew Hope Alternative Medicine Practice
-
777 vibes / Island Vibes Rrestaurant & Bar Restaurant
-
Centro Envios West Palm Beach North * Agencia Envios de Dinero y Carga Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.66M
Blend (final)
Blend
$6.80M
Owner & transaction history
Coco Plum Plaza LLC · 4 yrs held
Coco Plum Plaza LLC
since 2022
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
CG · 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
$7,070,000
ML approach
$7,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.80M
Range $6.12M – $7.47M · ±10% · vs last sale $6.50M (Apr 18 2022)
Last sale anchor
$6.50M
Apr 18 2022
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
$155 / 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
$121,447
Tax year 2023
Assessed value
$5,957,835
Assessed 2023
Previous assessed
$5,670,737
+5.1% YoY
Effective rate
2.04%
On assessed value
Assessed land
$1,888,771
Assessed improvement
$4,069,064
Land market value
$1,888,771
Improvement market value
$4,069,064
Total market value
$5,957,835
Applied tax rate
197.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
43,801 SF
Lot
4.54 ac (197,762 SF)
Zoning code
CG
APN
00-42-43-24-00-000-3170
UPID
US18-0185295
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · West Palm Beach, FL
Zoning CG · permitted uses
CG · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Palm Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
4.54 ac
Current owner
From public records · entity-resolved
Coco Plum Plaza LLC
Entity
Mailing address
4000 HOLLYWOOD BLVD STE 765S, HOLLYWOOD, FL 33021-6771
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2022
$6,500,000
Coco Plum Plaza LLC
Hunter Realty Co LLC
Warranty Deed
—
Apr 18, 2022
—
National Advertising Co
Gulf City Plaza LLC
Lease
—
May 5, 2017
—
Hunter Realty Co LLC
—
Deed
related
$11,001,197 · Interim Asset Funding LLC Interim Asset Funding LLC
Sep 20, 2016
—
Hunter Realty Co LLC
—
Deed
related
$5,548,865 · Intervest Nat'l Bk
Dec 3, 2014
—
Hunter Realty Co LLC|gulf City Plaza LLC
—
Loan Modification
related
$5,548,865 · Intervest Nat'l Bk
Jun 30, 2011
—
Hunter Realty Co LLC
—
Deed Of Trust
related
$5,548,865 · Intervest National Bank
Aug 3, 2007
$7,275,000
Hunter Realty Co LLC
Coco Plum Plaza LLC
Warranty Deed
$5,700,000 · Intervest National Bank
Aug 9, 2004
$3,900,000
Coco Plum Plaza LLC
Fu Hwa IV Lc
Warranty Deed
$2,925,000 · Fidelity Federal Bank & Trust
—
—
Hunter Realty Co LLC
—
Deed Of Trust
related
$5,548,865 · Intervest National Bank
—
—
Coco Plum Plaza LLC
—
Deed Of Trust
related
$4,850,000 · Enterprise Nat'l Bank Palm Bea
—
—
Hunter Realty Co LLC
—
Loan Modification
related
$5,548,865 · Intervest Nat'l Bk
—
—
Hunter Realty Co LLC
—
Loan Modification
related
$11,001,197 · Interim Asset Funding LLC Interim Asset Funding LLC
—
—
Hunter Realty Co LLC
—
Deed Of Trust
related
$6,000,000 · Interim Asset Funding LLC Interim Asset Funding LLC
—
—
Hunter Realty Co LLC
—
Deed Of Trust
related
$5,001,197 · * Other Institutional Lenders
—
—
Hwa Fu IV
—
Deed Of Trust
related
$3,300,000 · Fidelity Federal Bank & Trust
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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