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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Residential income homes
3039 Ave J J 1 Riviera Beach, FL 33404-3660
Entity Owned
5-yr Hold
Property ID
US18-1689252
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1958
Construction
WOOD
Total area
1,300 SF
Lot
0.98 ac (42,506 SF)
Zoning code
RM-15
APN
56-43-42-29-24-000-0130
UPID
US18-1689252
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
$1.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$925k
Owner & transaction history
3039 Avenue J LLC · 5 yrs held
3039 Avenue J LLC
since 2021
Last sale
$870,000
7 recorded transactions
Zoning & alternative use
RM-15 · Riviera Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Multiple Family Dwelling District
General category
RESIDENTIAL
Zone area
290.84 ac
Source
Realmo
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 Riviera Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riviera 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
$1,080,000
ML approach
$1,125,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$775,000
Current use
MEDICAL BUILDING
$705,000
Change: -9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$670,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $870k (May 10 2021)
Last sale anchor
$870k
May 10 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
$712 / 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
$16,678
Tax year 2023
Assessed value
$754,929
Assessed 2023
Previous assessed
$754,929
+0.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$252,000
Assessed improvement
$502,929
Land market value
$252,000
Improvement market value
$502,929
Total market value
$754,929
Applied tax rate
56,407.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1958
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
5
Stories
1
Units
2
Bathrooms
2
Total area
1,300 SF
Lot
0.98 ac (42,506 SF)
Zoning code
RM-15
APN
56-43-42-29-24-000-0130
UPID
US18-1689252
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RM-15 · Riviera Beach, FLZoning RM-15 · permitted uses
RM-15 · Riviera Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Multiple Family Dwelling District
General category
RESIDENTIAL
Zone area
290.84 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$775,000
MEDICAL BUILDING
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$670,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1958
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Units
2
Bathrooms
2
Lot
0.98 ac
Current owner
From public records · entity-resolved
3039 Avenue J LLC
Entity
Mailing address
101 NE 3RD AVE STE #1500, FORT LAUDERDALE, FL 33301-1181
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2021
$870,000
3039 Avenue J LLC
Fsadecv Fl Apt8 LLC
Special Warranty Deed
$1,500,000 · Karas Investment LLC
Aug 6, 2019
$100
Fsfadecv Fl Apt8 LLC
Lt Riviera Beach LLC
Grant Deed
—
Dec 6, 2013
$840,000
Lt Riviera Beach LLC
Florida State Trust LLC
Warranty Deed
—
Dec 6, 2013
$150,000
Florida State Trust LLC
Ram Productions & Initiative L
Warranty Deed
—
Oct 2, 2010
$190,000
Productions Ram
Beacon Acquisition Group LLC
Warranty Deed
—
Oct 2, 2010
$147,500
Beacon Acquisition Group LLC
Riviera Beach Investors INC
Warranty Deed
—
Dec 28, 2004
$437,000
Riviera Beach Investments INC
Silver Line Partners LLC
Warranty Deed
$326,250 · Bac Florida Bank
May 24, 2002
$320,000
Silver Line Partners LLC
Grosch,brian C
Grant Deed
$80,250 · Brian C Grosch
Sep 13, 1999
$225,000
Brian C Grosch
Penny P Sheltz Trustee
Grant Deed
$220,000 · Seller
—
—
Riviera Beach Investors INC
—
Deed Of Trust
related
$7,500 · Bac Florida Bank
—
—
Riviera Beach Investors INC
—
Deed Of Trust
related
$313,306 · Bac Florida Bank
—
—
Productions Ram
—
Deed Of Trust
related
$410,000 · Adiva Investments Ltd
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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