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Property profile & analytics
OFF-MARKET
Estimated value
$2,225,000
Office buildings
300 Butler St West Palm Beach, FL 33407-6006
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-2394416
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1971
Construction
CONCRETE
Total area
7,096 SF
Lot
0.71 ac (31,093 SF)
Zoning code
CMUD-TR
APN
74-43-43-10-19-001-0010
UPID
US18-2394416
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
-
Lux Photography and Video Photography Service (Bike/Boat/Book/etc) Store
-
300 Butler Business Centre Coworking & Hybrid Office
-
Olara West Palm Beach, Sales Gallery Condominium Complex
-
The Pisaneschi Group - Commercial Real Estate Division Real Estate Agency
-
Real Estate Asset Disposition Corporation Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.13M
Blend (final)
Blend
$2.23M
Owner & transaction history
Wpb Butler Acquisitions LLC · 3 yrs held
Wpb Butler Acquisitions LLC
since 2022
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
CMUD-TR · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.7M
+64.3%
Commercial (general)
$3.0M
+36.4%
Industrial (general)
$3.0M
+33.2%
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
$2,310,000
ML approach
$2,440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,225,000
Current use
AUTO REPAIR, GARAGE
$3,650,000
Change: +64% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,035,000
Change: +36% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,960,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$2,945,000
Change: +32% · Conversion: Moderate
Blend value · Realmo final
$2.23M
Range $2.00M – $2.45M · ±10% · vs last sale $2.13M (Aug 3 2022)
Last sale anchor
$2.13M
Aug 3 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
$314 / 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
$26,954
Tax year 2023
Assessed value
$1,198,792
Assessed 2023
Previous assessed
$1,264,640
-5.2% YoY
Effective rate
2.25%
On assessed value
Assessed land
$746,208
Assessed improvement
$452,584
Land market value
$746,208
Improvement market value
$452,584
Total market value
$1,198,792
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1971
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
7,096 SF
Lot
0.71 ac (31,093 SF)
Zoning code
CMUD-TR
APN
74-43-43-10-19-001-0010
UPID
US18-2394416
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CMUD-TR · West Palm Beach, FL
Zoning CMUD-TR · permitted uses
CMUD-TR · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.0M
INDUSTRIAL (GENERAL)
Est. value
$3.0M
RETAIL STORES
Est. value
$2.9M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1971
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Wpb Butler Acquisitions LLC
Entity
Free & Clear · 3 yrs held
Mailing address
430 PARK AVE FL 12R, NEW YORK, NY 10022-3528
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2023
—
Wpb Butler Acquisitions LLC
—
Deed
related
$12,512,500 · Connectone Bank
Nov 6, 2023
—
Wpb Butler Acquisitions LLC
—
Deed
related
$12,512,500 · Connectone Bank
Aug 2, 2023
—
Wpb Butler Acquisitions LLC
—
Deed
related
$12,512,500 · Connectone Bank
Aug 3, 2022
$2,125,000
Wpb Butler Acquisitions LLC
Capital Growth II LLC
Warranty Deed
—
Apr 20, 2022
—
Capital Growth II LLC
300 Butler Business Centre LLC
Warranty Deed
—
Jan 15, 2020
—
300 Butler Business Centre LLC
—
Deed
related
$769,913 · Iberiabank
Feb 8, 2018
—
300 Butler Business Centre LLC
—
Deed
$780,000 · Iberiabank
Mar 25, 2014
—
300 Butler LLC
Recovery Assocs Of Palm Bchs INC
Warranty Deed
—
Dec 27, 2012
$670,000
Recovery Associates Of The Palm Bea
Pbp Holdings LLC
Deed
$472,500 · Palm Beach Community Bank
Nov 1, 2002
$95,000
Pbp Holdings
Mollineaux,patricia J
Grant Deed
related
—
—
—
300 Butler Business Centre LLC
—
Loan Modification
related
$769,913 · Iberiabank
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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