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Property profile & analytics
FOR LEASE
Industrial properties
3125 Fortune Way Wellington, FL 33414
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3872819
For Lease
1 / 2
$25 SF/Yr
3125 Fortune Way, Wellington, FL 33414
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2000
Construction
CONCRETE
Total area
26,544 SF
Lot
4.31 ac (187,774 SF)
Zoning code
FLEX
APN
73-41-44-23-01-003-0010
UPID
US18-3872819
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
$12.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.90M
Blend (final)
Blend
$15.64M
Owner & transaction history
Chandaris Investment LLC · 5 yrs held
Chandaris Investment LLC
since 2021
Last sale
$15.2M
6 recorded transactions
Zoning & alternative use
FLEX · Wellington, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$20.3M
+96.8%
Apartment house (5+ units)
$15.8M
+53.3%
Medical building
$14.4M
+39.3%
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 Wellington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wellington 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
$17,910,000
ML approach
$12,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,315,000
Current use
RESTAURANT
$20,300,000
Change: +97% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$15,805,000
Change: +53% · Conversion: Moderate
MEDICAL BUILDING
$14,365,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$13,660,000
Change: +32% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$11,080,000
Change: +7% · Conversion: Moderate
RETAIL STORES
$11,015,000
Change: +7% · Conversion: Easy
WAREHOUSE, STORAGE
$10,555,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$15.64M
Range $14.08M – $17.20M · ±10% · vs last sale $15.15M (May 27 2021)
Last sale anchor
$15.15M
May 27 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
$589 / 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
$274,286
Tax year 2023
Assessed value
$13,581,148
Assessed 2023
Previous assessed
$12,552,521
+8.2% YoY
Effective rate
2.02%
On assessed value
Assessed land
$2,024,204
Assessed improvement
$11,556,944
Land market value
$2,024,204
Improvement market value
$11,556,944
Total market value
$13,581,148
Applied tax rate
73,486.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
For Lease
Year built
2000
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
26,544 SF
Lot
4.31 ac (187,774 SF)
Zoning code
FLEX
APN
73-41-44-23-01-003-0010
UPID
US18-3872819
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
FLEX · Wellington, FL
Zoning FLEX · permitted uses
FLEX · Wellington, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wellington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$10.3M
RESTAURANT
Est. value
$20.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.8M
MEDICAL BUILDING
Est. value
$14.4M
AUTO REPAIR, GARAGE
Est. value
$13.7M
INDUSTRIAL (GENERAL)
Est. value
$11.1M
RETAIL STORES
Est. value
$11.0M
WAREHOUSE, STORAGE
Est. value
$10.6M
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
2000
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
4.31 ac
Current owner
From public records · entity-resolved
Chandaris Investment LLC
Entity
Mailing address
250 IS DR, MIAMI, FL 33149-2412
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2021
$15,150,000
Chandaris Investment LLC
Pine Plaza Properties LLC
Warranty Deed
$9,100,000 · Cmgs Life Insurance Company
Nov 6, 2018
$10,500,000
Pine Plaza Properties LLC
Fwbc INC
Warranty Deed
—
Mar 29, 2018
—
Fwbc INC
—
Deed
related
$2,301,466 · Banco Popular NA/fl
Aug 3, 1998
$465,000
Fwbc INC
Leza Aircraft Co
Grant Deed
$365,000 · Palm Beach Nat'l Bank & Trust
—
—
Fwbc INC
—
Deed Of Trust
related
$2,938,043 · Banco Popular NA
—
—
Fwbc INC
—
Loan Modification
related
$2,301,466 · Banco Popular NA/fl
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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