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Property profile & analytics
OFF-MARKET
Strip malls
2891 State Rd 7th 7, Wellington, FL 33414-9442
Individually Owned
6-yr Hold
Free & Clear
Property ID
US18-7174177
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2019
Construction
CONCRETE
Total area
4,568 SF
Lot
0.54 ac (23,405 SF)
Zoning code
CC
APN
73-41-44-13-12-005-0000
UPID
US18-7174177
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Weingarten Rlty Invtrs · 6 yrs held
Weingarten Rlty Invtrs
since 2020
Last sale
$35.5M
6 recorded transactions
Zoning & alternative use
CC · Wellington, 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 Wellington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wellington 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$41,585
Tax year 2023
Assessed value
$2,033,667
Assessed 2023
Previous assessed
$1,946,234
+4.5% YoY
Effective rate
2.04%
On assessed value
Assessed land
$1,053,504
Assessed improvement
$980,163
Land market value
$1,053,504
Improvement market value
$980,163
Total market value
$2,033,667
Applied tax rate
73,486.0000
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
2019
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
4,568 SF
Lot
0.54 ac (23,405 SF)
Zoning code
CC
APN
73-41-44-13-12-005-0000
UPID
US18-7174177
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CC · Wellington, FL
Zoning CC · permitted uses
CC · Wellington, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wellington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2019
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Weingarten Rlty Invtrs
Individual
Free & Clear · 6 yrs held
Mailing address
500 N BROADWAY STE #201, JERICHO, NY 11753-2122
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2020
$35,500,000
Weingarten Rlty Invtrs
W & W V LLC
Grant Deed
—
Mar 29, 2019
—
W & W V LLC
—
Loan Modification
related
$21,199,972 · Miscellaneous Ins Co
May 2, 2018
—
W & W V LLC
—
Deed
related
$1,200,000 · Northern Tr
Nov 22, 2016
—
W & W V LLC
—
Deed
related
$3,500,000 · Northern Tr
—
—
W & W V LLC
—
Loan Modification
related
$1,200,000 · Northern Tr
—
—
W & W V LLC
—
Loan Modification
related
$1,200,000 · Northern Tr
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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