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Property profile & analytics
OFF-MARKET
Estimated value
$1,320,000
Strip malls
2991 Frst Hl Blvd 1 Palm Springs, FL 33406-5921
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-1743779
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1965
Construction
CONCRETE
Total area
3,103 SF
Lot
0.26 ac (11,125 SF)
Zoning code
CG
APN
70-43-44-08-15-004-0050
UPID
US18-1743779
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
$1.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.32M
Owner & transaction history
Leila Investments LLC · 4 yrs held
Leila Investments LLC
since 2022
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
CG · Palm Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.1M
+130.9%
Medical building
$1.7M
+83.8%
Auto repair, garage
$1.6M
+74.8%
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 Palm Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Springs 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
$1,295,000
ML approach
$1,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$915,000
Current use
OFFICE BUILDING
$2,110,000
Change: +131% · Conversion: Moderate
MEDICAL BUILDING
$1,680,000
Change: +84% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,595,000
Change: +75% · Conversion: Difficult
RETAIL STORES
$1,290,000
Change: +41% · Conversion: Easy
WAREHOUSE, STORAGE
$1,235,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,205,000
Change: +32% · Conversion: Easy
Blend value · Realmo final
$1.32M
Range $1.19M – $1.45M · ±10% · vs last sale $1.35M (Mar 22 2022)
Last sale anchor
$1.35M
Mar 22 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
$425 / 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
$19,636
Tax year 2023
Assessed value
$960,767
Assessed 2023
Previous assessed
$919,209
+4.5% YoY
Effective rate
2.04%
On assessed value
Assessed land
$463,328
Assessed improvement
$497,439
Land market value
$463,328
Improvement market value
$497,439
Total market value
$960,767
Applied tax rate
70,452.0000
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
1965
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
3,103 SF
Lot
0.26 ac (11,125 SF)
Zoning code
CG
APN
70-43-44-08-15-004-0050
UPID
US18-1743779
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · Palm Springs, FL
Zoning CG · permitted uses
CG · Palm Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$915,000
OFFICE BUILDING
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Leila Investments LLC
Entity
Mailing address
94 PALM BCH PLANTATION BLVD, ROYAL PALM BEACH, FL 33411-4542
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2022
$1,350,000
Leila Investments LLC
1736 S Congress Ave LLC
Warranty Deed
$945,000 · Flagler Bank
Dec 29, 2017
—
1736 S Congress Ave LLC
—
Deed
related
$100,000 · Professional Bk
Jun 2, 2016
$670,000
1736 S Congress Ave LLC
Dental Now LLC
Warranty Deed
$603,000 · Professional Bank
Dec 8, 2011
$437,500
Dental Now LLC
Mars Northlake Realty Assocs L
Warranty Deed
$465,000 · Live Oak Banking Co
Feb 11, 2004
$600,000
Mars Northlake Realty Assoc
Espinosa,john C
Grant Deed
$550,000 · John C & Maria D Espinosa
—
—
Northlake Realty Assocs L Mars
—
Deed Of Trust
related
$660,000 · Legacy Bank Florida
—
—
1736 S Congress Ave LLC
—
Deed Of Trust
related
$100,000 · Professional Bk
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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