Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    304 County Rd Palm Beach, FL 33480-4245

    • Strip malls
    • 4,729 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimations
    $645,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1481470
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Shoes 'N' More / Shoe Store

    Property Details for 304 County Rd

    Year built
    1935
    Construction
    CONCRETE
    Lot size
    0.33 lot acres
    Property size
    4,729 SF
    Zone code
    R-C
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    50-43-43-23-05-025-0071
    APU
    50434323050250071

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $645,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $667,000
      Market price range: $208k - $667k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0369
    Latitude
    26.7051
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $61,446
    $3,891,635
    $624,801
    $4,516,436
    -
    $3,891,635
    $624,801
    $4,516,436

    Comparable in this City

    • Value Estimation
      $1,285,000
      112,119 SF

      340 Royal Poinciana Way

      SHOPPING CENTER, STRIP CENTER • 112,119 SF
      340 Royal Poinciana Way, Palm Beach, FL 33480-4048
      View Details
    • Value Estimation
      $750,000
      8,464 SF

      301 County Rd

      SHOPPING CENTER, STRIP CENTER • 8,464 SF
      301 County Rd, Palm Beach, FL 33480-4250
      View Details
    • Value Estimation
      $630,000
      4,539 SF

      316 County Rd

      SHOPPING CENTER, STRIP CENTER • 4,539 SF
      316 County Rd, Palm Beach, FL 33480-6743
      View Details
    • Value Estimation
      $715,000
      6,742 SF

      400 Hibiscus Ave

      SHOPPING CENTER, STRIP CENTER • 6,742 SF
      400 Hibiscus Ave, Palm Beach, FL 33480-4609
      View Details
    • Value Estimation
      $460,000
      4,700 SF

      296 County Rd

      SHOPPING CENTER, STRIP CENTER • 4,700 SF
      296 County Rd, Palm Beach, FL 33480-4245
      View Details
    • Value Estimation
      $635,000
      3,379 SF

      235 Peruvian Ave

      SHOPPING CENTER, STRIP CENTER • 3,379 SF
      235 Peruvian Ave, Palm Beach, FL 33480-4695
      View Details

    Similar Nearby for Sale

    • $550,000

      Profitable Frozen Yogurt Shop Business

      Profitable frozen yogurt shop with growth potential in Palm Beach.
      Confidential, Palm Beach, FL 33480
      View Details
    • $2,995,000
      2,269 SF

      Palm Beach Commercial Condo Opportunity

      Interconnected commercial/office space near Royal Poinciana Plaza in Palm Beach.
      44 Cocoanut Row, Palm Beach, FL 33480
      View Details
    • $1,900,000
      1,329 SF

      Versatile Commercial Space in Palm Beach

      Commercial condo with valet, parking, and restaurant access near Plaza.
      44 Cocoanut Row, Palm Beach, FL 33480
      View Details
    • $835,000
      583 SF

      Palm Beach Commercial Condo

      Prime commercial/office space near The Royal Poinciana Plaza.
      44 Cocoanut Row, Palm Beach, FL 33480
      View Details
    • $320,000

      Profitable Mosquito Control Business

      Thriving mosquito control business in Palm Beach County with growth potential.
      Confidential, Palm Beach, FL 33480
      View Details
    • $595,000
      4,323 SF

      Palm Beach Retail Opportunity

      Retail property available in Palm Beach, Florida.
      822 S County Rd, Palm Beach, FL 33480
      View Details

    Similar Nearby for Lease

    • $115 SF/Yr

      Prime Palm Beach Mixed-Use Property

      Rare opportunity with commercial and residential spaces in Palm Beach.
      255 Royal Poinciana Way, Palm Beach, FL 33480
      View Details
    • $8,500 /Mo
      7,405 SF

      Palm Beach Retail Space Available

      In-town commercial building with ground floor retail space.
      361 S County Rd, Palm Beach, FL 33480
      View Details
    • Contact for pricing

      Palm Beach Class A Office

      Ideally located office space with destination restaurant and covered parking.
      223 Sunset Ave, Palm Beach, FL 33480
      View Details
    • $11,800,000
      4,213 SF

      Mixed-Use Property in Palm Beach

      Commercial and residential property in a prime Palm Beach location.
      255 Royal Poinciana Way, Palm Beach, FL 33480
      View Details
    • $7,950 /Mo

      Apartment with Wrap-Around Terrace

      Apartment for rent with ocean and resort views.
      2840 S Ocean Blvd, Palm Beach, FL 33480
      View Details
    • $10,000 /Mo

      South Palm Beach Condo Rental

      Three-bedroom condo with deeded beach access and modern amenities.
      3500 S Ocean Blvd, South Palm Beach, FL 33480
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    304 County Rd
    Palm Beach, FL 33480-4245
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.