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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Office buildings
3046 Congress Ave Palm Springs, FL 33461-2173
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5817954
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1954
Construction
WOOD
Total area
1,054 SF
Lot
0.37 ac (16,239 SF)
Zoning code
CG
APN
70-43-44-20-01-015-0030
UPID
US18-5817954
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
by Request
CAP Approach
CAP
$605k
Comparable Approach
Comparable
$587k
Blend (final)
Blend
$610k
Owner & transaction history
Fl 33461 Torres Del Castillo3 · 5 yrs held
Fl 33461 Torres Del Castillo3
since 2020
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
CG · Palm Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$570,000
+52.9%
Auto repair, garage
$540,000
+45.5%
Retail stores
$435,000
+17.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$605,000
7%
$560,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$375,000
Current use
MEDICAL BUILDING
$570,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$540,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$435,000
Change: +17% · Conversion: Moderate
WAREHOUSE, STORAGE
$420,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$380,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $625k (Dec 9 2020)
Last sale anchor
$625k
Dec 9 2020
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
$579 / 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
$11,317
Tax year 2023
Assessed value
$550,617
Assessed 2023
Previous assessed
$520,941
+5.7% YoY
Effective rate
2.06%
On assessed value
Assessed land
$228,659
Assessed improvement
$321,958
Land market value
$228,659
Improvement market value
$321,958
Total market value
$550,617
Applied tax rate
70,453.0000
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
1954
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
1,054 SF
Lot
0.37 ac (16,239 SF)
Zoning code
CG
APN
70-43-44-20-01-015-0030
UPID
US18-5817954
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
OFFICE BUILDING Current
Est. value
$375,000
MEDICAL BUILDING
Est. value
$570,000
AUTO REPAIR, GARAGE
Est. value
$540,000
RETAIL STORES
Est. value
$435,000
WAREHOUSE, STORAGE
Est. value
$420,000
COMMERCIAL (GENERAL)
Est. value
$380,000
OFFICE BUILDING Current
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
1954
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
Fl 33461 Torres Del Castillo3
Individual
Mailing address
3046 S CONGRESS AVE, PALM SPRINGS, FL 33461-2173
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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 9, 2020
$4,375
Fl 33461 Torres Del Castillo3
James J Donovan
Warranty Deed
—
Dec 9, 2020
—
Torres Del Castillo 3 LLC
—
Deed
related
$490,000 · Jp Morgan Chase Bk
Aug 22, 2018
—
James J Donovan Cpa Pa
—
Deed
related
$200,000 · First Bk/palm Beaches
May 31, 2016
—
James J Donovan Cpa Pa
—
Deed
related
$200,000 · First Bk/the Palm Beaches
Sep 7, 2005
$400,000
James J Donovan C P A Pa
Thomas B Blackwood
Warranty Deed
$320,000 · Suntrust Bank
—
—
James J Donovan Cpa Pa
—
Deed Of Trust
related
$380,000 · First Bk/the Palm Beaches
—
—
James J Donovan Cpa Pa
—
Loan Modification
related
$200,000 · First Bk/the Palm Beaches
—
—
Thomas B Blackwood
—
Deed Of Trust
related
$85,000 · Grand Bank & Trust Of Florida
—
—
Thomas B Blackwood
—
Deed Of Trust
related
$100,000 · Grand Bank & Trust Of Florida
—
—
James J Donovan Cpa Pa
—
Loan Modification
related
$200,000 · First Bk/palm Beaches
—
—
Torres Del Castillo 3 LLC
—
Deed Of Trust
related
$490,000 · Jp Morgan Chase 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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