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Property profile & analytics
OFF-MARKET
Estimated value
$15,010,000
High-rise multifamily apartments
315 Almeria Rd, West Palm Beach, FL 33405-1251
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-3346425
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1927
Construction
WOOD
Total area
43,438 SF
Lot
1.43 ac (62,095 SF)
Zoning code
MF32-C1
APN
74-43-43-34-01-004-0011
UPID
US18-3346425
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
-
El Cid Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.44M
CAP Approach
CAP
$11.63M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.01M
Owner & transaction history
Lih El Cid LP · 6 yrs held
Lih El Cid LP
since 2020
Last sale
$14.9M
3 recorded transactions
Zoning & alternative use
MF32-C1 · 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
$12,435,000
CAP Approach
CAP Return
Estimation
6%
$12,600,000
6.5%
$11,630,000
7%
$10,800,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$23,505,000
Change: -9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$22,355,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$15.01M
Range $13.51M – $16.51M · ±10% · vs last sale $14.88M (Mar 4 2020)
Last sale anchor
$14.88M
Mar 4 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
$346 / 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
$7,539
Tax year 2023
Assessed value
$5,189,676
Assessed 2023
Previous assessed
$4,879,436
+6.4% YoY
Effective rate
0.15%
On assessed value
Assessed improvement
$5,189,676
Improvement market value
$5,189,676
Total market value
$5,189,676
Applied tax rate
74,402.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1927
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
3
Units
1
Rooms
74
Bathrooms
11
Total area
43,438 SF
Lot
1.43 ac (62,095 SF)
Zoning code
MF32-C1
APN
74-43-43-34-01-004-0011
UPID
US18-3346425
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MF32-C1 · West Palm Beach, FL
Zoning MF32-C1 · permitted uses
MF32-C1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$23.5M
AUTO REPAIR, GARAGE
Est. value
$22.4M
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1927
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
3
Units
1
Rooms
74
Bathrooms
11
Lot
1.43 ac
Current owner
From public records · entity-resolved
Lih El Cid LP
Entity
Mailing address
1200 5TH AVE STE #1825, SEATTLE, WA 98101-1127
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2020
$14,875,000
Lih El Cid LP
Gator El Ud Partners Lllp
Special Warranty Deed
—
Jul 7, 2003
$2,050,000
Gator El Cid Partners Lllp
El Cid Limited
Grant Deed
related
—
—
—
Gator Elcid Partners Lllp
—
Deed Of Trust
related
$2,400,000 · City National Bank Of Florida
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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