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Property profile & analytics
OFF-MARKET
Estimated value
$1,795,000
Office buildings
3215 Dixie Hwy West Palm Beach, FL 33405-1509
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-0897499
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1950
Construction
WOOD
Total area
4,776 SF
Lot
1.62 ac (70,663 SF)
Zoning code
NC
APN
74-43-43-33-00-000-1120
UPID
US18-0897499
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
-
One Drivers Club Storage Facility Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.80M
Owner & transaction history
3215 S Dixie Realty Associatie · 9 yrs held
3215 S Dixie Realty Associatie
since 2017
7 recorded transactions
Zoning & alternative use
NC · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.6M
+52.9%
Auto repair, garage
$2.5M
+45.5%
Retail stores
$2.0M
+17.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,690,000
Current use
MEDICAL BUILDING
$2,585,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,460,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$1,980,000
Change: +17% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,900,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,790,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,405,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.80M
Range $1.62M – $1.97M · ±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
$376 / 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
$100,861
Tax year 2023
Assessed value
$4,758,741
Assessed 2023
Previous assessed
$4,409,339
+7.9% YoY
Effective rate
2.12%
On assessed value
Assessed land
$2,826,480
Assessed improvement
$1,932,261
Land market value
$2,826,480
Improvement market value
$1,932,261
Total market value
$4,758,741
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1950
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
4,776 SF
Lot
1.62 ac (70,663 SF)
Zoning code
NC
APN
74-43-43-33-00-000-1120
UPID
US18-0897499
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
NC · West Palm Beach, FL
Zoning NC · permitted uses
NC · 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
OFFICE BUILDING Current
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.5M
RETAIL STORES
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1950
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
1.62 ac
Current owner
From public records · entity-resolved
3215 S Dixie Realty Associatie
Entity
Mailing address
200 SE MIZNER BLVD UNIT #617, BOCA RATON, FL 33432-5200
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2017
—
3215 S Dixie Realty Assocs LLC
—
Deed
related
$1,282,000 · Bank Of America
Jun 8, 2017
$3,205,000
3215 S Dixie Realty Associatie
Ella Rose LLC
Warranty Deed
$1,602,500 · Bank Of America
Feb 27, 2009
$1,675,000
Ella Rose LLC
3215 South Dixie LLC
Warranty Deed
$1,256,250 · National City Bank
Jun 20, 2007
$1,675,000
3215 South Dixie LLC
Ross Parness Associates
Warranty Deed
$1,275,000 · Wachovia Bank NA
—
—
3215 South Dixie LLC
—
Deed Of Trust
related
$1,275,000 · Wachovia Bank NA
—
—
3215 S Dixie Realty Assocs LLC
—
Loan Modification
related
$1,282,000 · Bank Of America
—
—
3215 S Dixie Realty Assocs LLC
—
Deed Of Trust
related
$1,602,500 · Bank Of America
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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