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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Industrial land
3200 45th St West Palm Beach, FL 33407-1918
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5012021
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1962
Total area
4,840 SF
Lot
0.97 ac (42,231 SF)
Zoning code
I
APN
74-42-43-01-22-001-0000
UPID
US18-5012021
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
-
Top Painting & Drywall Painting
-
Salt Creek Insurance Claim Adjuster Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
$685k
Comparable Approach
Comparable
$906k
Blend (final)
Blend
$705k
Owner & transaction history
Triple Jay Laine LLC · 9 yrs held
Triple Jay Laine LLC
since 2017
2 recorded transactions
Zoning & alternative use
I · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
-94-170. - Reserved. ARTICLE VI. - INDUSTRIAL DISTRICT Article VI. Footnotes Sec. 94-171. - Intent. Sec. 94-172. - General development standards. Sec. 94-173. - Industrial light (IL) district. Sec. 94-174. - Industrial (I) district. Sec. 94-175. - Industrial districts neighborhood compatibility requirements. Secs. 94-176-94-200. - Reserved. ARTICLE VII. - SP…
Zone name
Industrial
General category
INDUSTRIAL
Zone area
418.04 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
$525,000
CAP Approach
CAP Return
Estimation
6%
$740,000
6.5%
$685,000
7%
$635,000
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$146 / 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
$13,543
Tax year 2023
Assessed value
$673,584
Assessed 2023
Previous assessed
$814,800
-17.3% YoY
Effective rate
2.01%
On assessed value
Assessed land
$673,584
Land market value
$673,584
Total market value
$673,584
Applied tax rate
74,407.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1962
Heating
NONE
Stories
1
Total area
4,840 SF
Lot
0.97 ac (42,231 SF)
Zoning code
I
APN
74-42-43-01-22-001-0000
UPID
US18-5012021
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I · West Palm Beach, FLZoning I · permitted uses
I · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
-94-170. - Reserved. ARTICLE VI. - INDUSTRIAL DISTRICT Article VI. Footnotes Sec. 94-171. - Intent. Sec. 94-172. - General development standards. Sec. 94-173. - Industrial light (IL) district. Sec. 94-174. - Industrial (I) district. Sec. 94-175. - Industrial districts neighborhood compatibility requirements. Secs. 94-176-94-200. - Reserved. ARTICLE VII. - SPECIAL DISTRICTS Sec. 94-201. - General development standards. Sec. 94-202. - Comm
Zone name
Industrial
General category
INDUSTRIAL
Zone area
418.04 ac
Building & site characteristics
From public records
Year built
1962
Heating
NONE
Stories
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
Triple Jay Laine LLC
Entity
Mailing address
1190 NW 159TH DR, MIAMI, FL 33169-5808
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2017
$1,000,000
Triple Jay Laine LLC
Allied-west Palm Beach LLC
Grant Deed
$1,600,000 · First Bk/the Palm Beaches
Dec 28, 2006
—
Allied-west Palm Beach LLC
David A Sherman
Warranty 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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