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Property profile & analytics
OFF-MARKET
Estimated value
$4,700,000
Drug stores
3187 Congress Ave Palm Springs, FL 33461-2551
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3155361
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1998
Construction
CONCRETE
Total area
14,376 SF
Lot
1.5 ac (65,227 SF)
Zoning code
CG
APN
70-43-44-19-20-001-0020
UPID
US18-3155361
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
$5.41M
CAP Approach
CAP
$3.13M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.70M
Owner & transaction history
Palm Springs Congress Dst · 5 yrs held
Palm Springs Congress Dst
since 2021
Last sale
$4.7M
2 recorded transactions
Zoning & alternative use
CG · Palm Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.8M
+30.4%
Auto repair, garage
$7.4M
+24.0%
Industrial (general)
$6.0M
+0.6%
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
$5,555,000
ML approach
$5,410,000
CAP Approach
CAP Return
Estimation
6%
$3,385,000
6.5%
$3,125,000
7%
$2,905,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,965,000
Current use
MEDICAL BUILDING
$7,780,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,400,000
Change: +24% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,000,000
Change: +1% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,720,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,205,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$4.70M
Range $4.23M – $5.17M · ±10% · vs last sale $4.70M (Apr 1 2021)
Last sale anchor
$4.70M
Apr 1 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
$327 / 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
$77,182
Tax year 2023
Assessed value
$3,764,492
Assessed 2023
Previous assessed
$3,640,030
+3.4% YoY
Effective rate
2.05%
On assessed value
Assessed land
$1,557,621
Assessed improvement
$2,206,871
Land market value
$1,557,621
Improvement market value
$2,206,871
Total market value
$3,764,492
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
14,376 SF
Lot
1.5 ac (65,227 SF)
Zoning code
CG
APN
70-43-44-19-20-001-0020
UPID
US18-3155361
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
RETAIL STORES Current
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$7.8M
AUTO REPAIR, GARAGE
Est. value
$7.4M
INDUSTRIAL (GENERAL)
Est. value
$6.0M
WAREHOUSE, STORAGE
Est. value
$5.7M
COMMERCIAL (GENERAL)
Est. value
$5.2M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1998
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Palm Springs Congress Dst
Individual
Mailing address
1401 BROAD ST, CLIFTON, NJ 07013-4236
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2021
—
Palm Springs Congress Dst
Palm Springs Congress LLC
Intrafamily Transfer
related
$3,975,000 · Professional Bank
Jun 3, 2013
$4,700,000
Palm Springs Congress LLC
Strianese Family LP
Grant Deed
—
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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