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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Banks
320 Lakeview Ave West Palm Beach, FL 33401-5830
Entity Owned
4-yr Hold
Free & Clear
Property ID
US19-0786057
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1924
Construction
WOOD
Total area
3,060 SF
Lot
0.54 ac (23,400 SF)
Zoning code
OBD-25
APN
74-43-43-22-14-006-0080
UPID
US19-0786057
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
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$732k
Blend (final)
Blend
$730k
Owner & transaction history
Prado Real Estate Development LLC · 4 yrs held
Prado Real Estate Development LLC
since 2022
5 recorded transactions
Zoning & alternative use
OBD-25 · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
es Sec. 94-133 - Continued Sec. 94-134. - Downtown Master Plan housing incentive program. Sec. 94-135. - Okeechobee Business district (OBD) Table IV-69: Building Requirements - OBD-5 Table IV-70: Building Requirements - OBD-25 Sec. 94-135. - Continued Secs. 94-136-94-140. - Reserved. ARTICLE V. - COMMERCIAL DISTRICTS Sec. 94-141. - Intent. Sec. 94-142. - Gen…
Zone name
Okeechobee Business District 25
General category
COMMERCIAL
Zone area
2.68 ac
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
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$239 / 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
$83,188
Tax year 2023
Assessed value
$3,804,783
Assessed 2023
Previous assessed
$3,042,843
+25.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$2,925,000
Assessed improvement
$879,783
Land market value
$2,925,000
Improvement market value
$879,783
Total market value
$3,804,783
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1924
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
3,060 SF
Lot
0.54 ac (23,400 SF)
Zoning code
OBD-25
APN
74-43-43-22-14-006-0080
UPID
US19-0786057
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
OBD-25 · West Palm Beach, FLZoning OBD-25 · permitted uses
OBD-25 · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
es Sec. 94-133 - Continued Sec. 94-134. - Downtown Master Plan housing incentive program. Sec. 94-135. - Okeechobee Business district (OBD) Table IV-69: Building Requirements - OBD-5 Table IV-70: Building Requirements - OBD-25 Sec. 94-135. - Continued Secs. 94-136-94-140. - Reserved. ARTICLE V. - COMMERCIAL DISTRICTS Sec. 94-141. - Intent. Sec. 94-142. - General development standards. Sec. 94-143. - Office commercial (OC) district. Sec. 94-14
Zone name
Okeechobee Business District 25
General category
COMMERCIAL
Zone area
2.68 ac
Building & site characteristics
From public records
Year built
1924
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
0.54 ac
Current owner
From public records · entity-resolved
Prado Real Estate Development LLC
Entity
Free & Clear · 4 yrs held
Mailing address
222 LAKEVIEW AVE PH #5, WEST PALM BEACH, FL 33401-6151
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2022
—
Prado Real Estate Development LLC
320 Lake View Avenue LLC
Special Warranty Deed
—
May 11, 2021
$6,100,000
320 Lakeview Avenue LLC
Truist Bank
Special Warranty Deed
—
Jul 27, 2011
—
Branch Bkng & Trust Co
Colonial Bk
Grant Deed
related
—
May 6, 2010
$3,240,000
Branch Bkng & Trust Co
Colonial Bk Montgomery Alabama
Grant Deed
related
—
Nov 3, 2003
$1,900,000
Colonial Bank
Carr-long Real Estate INC
Grant Deed
related
—
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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