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Property profile & analytics
OFF-MARKET
Estimated value
$3,630,000
Office buildings
303 Gardenia St West Palm Beach, FL 33401-5841
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3282148
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1925
Construction
WOOD
Total area
9,990 SF
Lot
0.14 ac (6,199 SF)
Zoning code
QGD-10
APN
74-43-43-21-09-001-0020
UPID
US18-3282148
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
-
303 Gardenia Real Estate Agency
-
Elite Investigation Law Firm Security Service
-
Mook Mary Counselor
-
Richard Plumer Design Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.53M
Blend (final)
Blend
$3.63M
Owner & transaction history
The Shoppes On Gardeniaillc · 1 yrs held
The Shoppes On Gardeniaillc
since 2025
7 recorded transactions
Zoning & alternative use
QGD-10 · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.0M
+41.7%
Retail stores
$5.7M
+36.3%
Medical building
$5.4M
+28.7%
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
$3,645,000
ML approach
$3,710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,200,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,950,000
Change: +42% · Conversion: Easy
RETAIL STORES
$5,725,000
Change: +36% · Conversion: Moderate
MEDICAL BUILDING
$5,405,000
Change: +29% · Conversion: Easy
COMMERCIAL (GENERAL)
$5,270,000
Change: +26% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,140,000
Change: +22% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,170,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$3.63M
Range $3.27M – $3.99M · ±10%
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
$363 / 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
$61,902
Tax year 2023
Assessed value
$2,826,280
Assessed 2023
Previous assessed
$2,455,620
+15.1% YoY
Effective rate
2.19%
On assessed value
Assessed land
$1,023,000
Assessed improvement
$1,803,280
Land market value
$1,023,000
Improvement market value
$1,803,280
Total market value
$2,826,280
Applied tax rate
84,407.0000
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
1925
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
9,990 SF
Lot
0.14 ac (6,199 SF)
Zoning code
QGD-10
APN
74-43-43-21-09-001-0020
UPID
US18-3282148
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
QGD-10 · West Palm Beach, FL
Zoning QGD-10 · permitted uses
QGD-10 · 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
$4.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.0M
RETAIL STORES
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$5.1M
INDUSTRIAL (GENERAL)
Est. value
$4.2M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
INDUSTRIAL (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
1925
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
The Shoppes On Gardeniaillc
Individual
Mailing address
3300 S DIXIE HWY STE #1, WEST PALM BEACH, FL 33405-1987
Ownership since
2025
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 13, 2025
—
The Shoppes On Gardeniaillc
Rcgt Member 2661 LLC
Special Warranty Deed
—
Aug 28, 2024
$5,600,000
Rcgt Member 2661 LLC
Gardenia And Olive LLC
Warranty Deed
—
Jan 5, 2022
$3,350,000
Gardenia And Olive LLC
303 Gardenia Properties LLC
Warranty Deed
—
Sep 8, 2011
—
Gruner David Trust
Gruner David Trust
Quit Claim Deed
related
—
Sep 8, 2011
$29,172
303 Gardenia Properties LLC
Gruner Mildred & David Trust
Grant Deed
—
—
—
Gruner David Trust
—
Deed Of Trust
related
$700,000 · Integrity Bank
—
—
Gruner David Trust
—
Deed Of Trust
related
$550,000 · Integrity Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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