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Property profile & analytics
OFF-MARKET
Estimated value
$20,390,000
Warehouses
2909 Military Trl West Palm Beach, FL 33415-9233
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-7515922
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Construction
CONCRETE
Total area
156,934 SF
Lot
4.12 ac (179,493 SF)
Zoning code
CG
APN
00-42-44-13-50-001-0000
UPID
US18-7515922
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
-
Value Store It Self Storage Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Drop A Truck Moving Company
-
Lighthouse Self Storage - West Palm Beach Storage Facility
-
Blair Corp Hardware & Home Improvement Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.74M
CAP Approach
CAP
$24.79M
Comparable Approach
Comparable
$24.84M
Blend (final)
Blend
$20.39M
Owner & transaction history
Value Store It West Palm Beach LLC · 5 yrs held
Value Store It West Palm Beach LLC
since 2021
Last sale
$18.1M
4 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
$23,830,000
ML approach
$12,740,000
CAP Approach
CAP Return
Estimation
6%
$26,850,000
6.5%
$24,785,000
7%
$23,015,000
Blend value · Realmo final
$20.39M
Range $18.35M – $22.43M · ±10% · vs last sale $18.08M (Jun 17 2021)
Last sale anchor
$18.08M
Jun 17 2021
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
$130 / 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
$320,447
Tax year 2023
Assessed value
$19,131,205
Assessed 2023
Previous assessed
$19,131,205
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$1,428,764
Assessed improvement
$17,702,441
Land market value
$1,428,764
Improvement market value
$17,702,441
Total market value
$19,131,205
Applied tax rate
202.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
3
Total area
156,934 SF
Lot
4.12 ac (179,493 SF)
Zoning code
CG
APN
00-42-44-13-50-001-0000
UPID
US18-7515922
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
2018
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Buildings
2
Lot
4.12 ac
Current owner
From public records · entity-resolved
Value Store It West Palm Beach LLC
Entity
Mailing address
3201 W COMMERCIAL BLVD STE #218, FORT LAUDERDALE, FL 33309-3466
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2022
—
Value Store It West Palm Beach LLC
—
Deed
related
$35,273,204 · Vsi Fund I Lender Sub LLC
Jun 17, 2021
$18,075,000
Value Store It West Palm Beach LLC
W Palm Beach LLC
Special Warranty Deed
$58,800 · Ubs Bank USA
May 5, 2017
—
W Palm Beach LLC
—
Deed
related
—
Feb 14, 2017
$1,750,000
W Palm Beach LLC
Garolsky,howell
Grant Deed
—
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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