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Property profile & analytics
OFF-MARKET
Estimated value
$7,465,000
Retail space
314 Clematis St West Palm Beach, FL 33401-4683
Individually Owned
6-yr Hold
Free & Clear
Property ID
US18-1924059
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1923
Construction
CONCRETE
Total area
29,181 SF
Lot
0.35 ac (15,137 SF)
Zoning code
CWD-CD
APN
74-43-43-21-01-012-0040
UPID
US18-1924059
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
-
Thoroughfare Food Market Farmer's Market
-
Building Solutions LLC Title Company
-
Real Estate Matters LLC: Anne Kanjian Real Estate Agency
-
OpenClose Mortgage Technology Solutions (Bike/Boat/Book/etc) Store Corporate Office
-
Alfonso Hernandez Architect LLC Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.35M
Comparable Approach
Comparable
$5.44M
Blend (final)
Blend
$7.47M
Owner & transaction history
West Palm Bch Cmnty Redev Agcy · 6 yrs held
West Palm Bch Cmnty Redev Agcy
since 2019
7 recorded transactions
Zoning & alternative use
CWD-CD · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 West Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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%
$6,875,000
6.5%
$6,345,000
7%
$5,895,000
Blend value · Realmo final
$7.47M
Range $6.72M – $8.21M · ±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
$256 / 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
$44,044
Tax year 2023
Assessed value
$7,135,665
Assessed 2023
Previous assessed
$7,481,533
-4.6% YoY
Effective rate
0.62%
On assessed value
Assessed land
$2,800,345
Assessed improvement
$4,335,320
Land market value
$2,800,345
Improvement market value
$4,335,320
Total market value
$7,135,665
Applied tax rate
84,407.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1923
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
29,181 SF
Lot
0.35 ac (15,137 SF)
Zoning code
CWD-CD
APN
74-43-43-21-01-012-0040
UPID
US18-1924059
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CWD-CD · West Palm Beach, FL
Zoning CWD-CD · permitted uses
CWD-CD · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Palm Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1923
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.35 ac
Current owner
From public records · entity-resolved
West Palm Bch Cmnty Redev Agcy
Individual
Free & Clear · 6 yrs held
Mailing address
PO BOX 3366, WEST PALM BEACH, FL 33402-3366
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2019
$7,500,000
West Palm Bch Cmnty Redev Agcy
Trifecta Clematis LLC
Grant Deed
—
Jun 17, 2016
$6,750,000
Trifecta Clematis LLC
Pi-314 Clematis LLC
Warranty Deed
$3,300,000 · * Other Institutional Lenders
Nov 26, 2012
$3,200,000
Pi-314 Clematis LLC
314 Clematis 141 LLC
Grant Deed
related
$2,400,000 · Flagler Bank
Mar 4, 2011
$650,100
314 Clematis 141 LLC
314 Clematis LLC Coc
Trustees Deed
related
—
May 2, 2005
$3,800,000
314 Clematis LLC
Transwestern 314 Clematis LLC
Grant Deed
$3,350,000 · Lasalle National Bank
Jul 7, 1998
$1,300,000
City Center Retail Trust
Renaissance Partners I LP
Grant Deed
—
Nov 13, 1997
—
Renaissance Partners
Renaissance Partners
Quit Claim Deed
related
$360,000 · Suntrust Bank South Florida
—
—
314 Clematis 141 LLC
—
Deed Of Trust
related
$2,860,000 · Wells Fargo Bank
—
—
Pi-314 Clematis LLC
—
Loan Modification
related
$3,300,000 · Mhcapital Funding LLC
—
—
Transwestern 314 Clematis LLC
—
Deed Of Trust
related
$2,347,450 · Bankers Trust Co Trustee
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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