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Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Medical Office Space
2945 Australian Ave West Palm Beach, FL 33407-4522
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-1817132
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1959
Construction
CONCRETE
Total area
4,445 SF
Lot
0.28 ac (12,301 SF)
Zoning code
OC
APN
74-43-43-05-01-023-0010
UPID
US18-1817132
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
-
Florida Dental & Denture Center: Ayoub Hisham S DDS Dental Office
-
Dr. Yves Semeah, DDS Dental Office
-
YMUnite Inc. Charitable Organization Social Service Agency
-
Yves Null Semeah Dental Office
-
Florida Dental & Denture Center III Inc Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$955k
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.27M
Owner & transaction history
Frank Sacco · 1 yrs held
Frank Sacco
since 2024
Last sale
$1.3M
3 recorded transactions
Zoning & alternative use
OC · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ng Requirements - OBD-25 Sec. 94-135. - Continued Secs. 94-136-94-140. - Reserved. ARTICLE V. - COMMERCIAL DISTRICTS Sec. 94-141. - Intent. Sec. 94-142. - General development standards. Sec. 94-143. - Office commercial (OC) district. Sec. 94-144. - Neighborhood commercial (NC) district. Sec. 94-145. - General commercial (GC) district. Sec. 94-146. - Commerci…
Zone name
Office Commercial
General category
INDUSTRIAL
Zone area
59.94 ac
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,035,000
6.5%
$955,000
7%
$890,000
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±10% · vs last sale $1.30M (Aug 5 2024)
Last sale anchor
$1.30M
Aug 5 2024
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
$286 / 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
$14,824
Tax year 2023
Assessed value
$658,781
Assessed 2023
Previous assessed
$639,019
+3.1% YoY
Effective rate
2.25%
On assessed value
Assessed land
$205,706
Assessed improvement
$453,075
Land market value
$205,706
Improvement market value
$453,075
Total market value
$658,781
Applied tax rate
74,407.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1959
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
4,445 SF
Lot
0.28 ac (12,301 SF)
Zoning code
OC
APN
74-43-43-05-01-023-0010
UPID
US18-1817132
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
OC · West Palm Beach, FLZoning OC · permitted uses
OC · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ng Requirements - OBD-25 Sec. 94-135. - Continued Secs. 94-136-94-140. - Reserved. ARTICLE V. - COMMERCIAL DISTRICTS Sec. 94-141. - Intent. Sec. 94-142. - General development standards. Sec. 94-143. - Office commercial (OC) district. Sec. 94-144. - Neighborhood commercial (NC) district. Sec. 94-145. - General commercial (GC) district. Sec. 94-146. - Commercial marine (CM) district. Sec. 94-147. - Reserved. Sec. 94-148. - Professional offi
Zone name
Office Commercial
General category
INDUSTRIAL
Zone area
59.94 ac
Building & site characteristics
From public records
Year built
1959
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Frank Sacco
Individual
Mailing address
641 REINANTE AVE, CORAL GABLES, FL 33156-2345
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2024
$1,300,000
Frank Sacco
Yves Semeah
Warranty Deed
$1,050,000 · Judith Zufi Isaoa
Aug 20, 2004
$430,000
Yves Semeah
Mjc Holdings INC
Grant Deed
—
Apr 23, 2004
—
Mjc Holdings INC
Johns,jackie C
Trustees Deed
related
—
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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