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Property profile & analytics
OFF-MARKET
Estimated value
$3,160,000
Retail space
313 Worth Ave 3135 Palm Beach, FL 33480-4703
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-4907468
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
CONCRETE
Total area
7,378 SF
Lot
0.57 ac (24,642 SF)
Zoning code
C-TS
APN
50-43-43-23-05-014-0190
UPID
US18-4907468
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
-
Christie's International Real Estate Real Estate Agency
-
Christie's International Real Estate - Danielle Austin Real Estate Agency
-
CJ LAING Clothing & Fashion Store
-
Macri Associates Consulting Consultant
-
Worth Avenue Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.16M
Owner & transaction history
Via Bice Worth Avenue LLC · 9 yrs held
Via Bice Worth Avenue LLC
since 2017
4 recorded transactions
Zoning & alternative use
C-TS · Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.1M
+73.1%
Apartment house (5+ units)
$5.1M
+71.9%
Auto repair, garage
$3.6M
+23.9%
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,080,000
6.5%
$1,920,000
7%
$1,780,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,940,000
Current use
RESTAURANT
$5,090,000
Change: +73% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,060,000
Change: +72% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,645,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,470,000
Change: +18% · Conversion: Easy
OFFICE BUILDING
$2,925,000
Change: -1% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,915,000
Change: -1% · Conversion: Moderate
MEDICAL BUILDING
$2,910,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$3.16M
Range $2.84M – $3.48M · ±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
$428 / 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
$328,744
Tax year 2023
Assessed value
$21,995,242
Assessed 2023
Previous assessed
$19,955,685
+10.2% YoY
Effective rate
1.49%
On assessed value
Assessed land
$13,393,339
Assessed improvement
$8,601,903
Land market value
$13,393,339
Improvement market value
$8,601,903
Total market value
$21,995,242
Applied tax rate
50,411.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
5
Stories
2
Bathrooms
2
Total area
7,378 SF
Lot
0.57 ac (24,642 SF)
Zoning code
C-TS
APN
50-43-43-23-05-014-0190
UPID
US18-4907468
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-TS · Palm Beach, FL
Zoning C-TS · permitted uses
C-TS · Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.9M
RESTAURANT
Est. value
$5.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.5M
OFFICE BUILDING
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.9M
RETAIL STORES Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1987
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
5
Bathrooms
2
Lot
0.57 ac
Current owner
From public records · entity-resolved
Via Bice Worth Avenue LLC
Entity
Mailing address
901 2ND VIA MIZNER, PALM BEACH, FL 33480
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2017
—
Via Bice Worth Avenue LLC
Via 31312 Worth Ave Ltd
Quit Claim Deed
related
—
Mar 29, 2017
$19,500,000
Via Bice Worth Avenue LLC
Via 313-1/2 Worth Avenue Ltd
Grant Deed
—
—
—
Via 313-1/2 Worth Avenue Ltd
—
Deed Of Trust
related
$3,200,000 · Pnc Bank
—
—
Via 313 1/2 Worth Avenue Ltd
—
Deed Of Trust
related
$2,500,000 · Wachovia Bank NA
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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