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Property profile & analytics
OFF-MARKET
Estimated value
$4,875,000
Industrial properties
3220 45th St West Palm Beach, FL 33407-1918
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-9336358
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2005
Construction
CONCRETE
Total area
22,105 SF
Lot
2.49 ac (108,464 SF)
Zoning code
I
APN
74-42-43-01-02-000-0760
UPID
US18-9336358
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
-
The Original Frameless Shower Doors - West Palm Beach Hardware & Home Improvement Home Decor Store
-
The Original Frameless Shower Doors Hardware & Home Improvement Interior Design
-
Nepa 2 Wholesale LLC Big Box & Wholesale Store
-
Dean Mitchell Group Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.56M
CAP Approach
CAP
$5.16M
Comparable Approach
Comparable
$4.18M
Blend (final)
Blend
$4.88M
Owner & transaction history
Nabya Investments INC · 5 yrs held
Nabya Investments INC
since 2021
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
I · 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
$5,700,000
ML approach
$5,560,000
CAP Approach
CAP Return
Estimation
6%
$5,595,000
6.5%
$5,160,000
7%
$4,795,000
Blend value · Realmo final
$4.88M
Range $4.39M – $5.36M · ±10% · vs last sale $4.33M (Feb 1 2021)
Last sale anchor
$4.33M
Feb 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
$221 / 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
$99,948
Tax year 2023
Assessed value
$4,528,845
Assessed 2023
Previous assessed
$4,193,132
+8.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$1,270,719
Assessed improvement
$3,258,126
Land market value
$1,270,719
Improvement market value
$3,258,126
Total market value
$4,528,845
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 properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
22,105 SF
Lot
2.49 ac (108,464 SF)
Zoning code
I
APN
74-42-43-01-02-000-0760
UPID
US18-9336358
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I · West Palm Beach, FL
Zoning 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
West Palm Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.49 ac
Current owner
From public records · entity-resolved
Nabya Investments INC
Entity
Mailing address
2324 SIMONSON DR, WELLINGTON, FL 33414-6414
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2024
—
Nabya Investments INC
—
Deed
related
$2,000,000 · Ocean Bank
Feb 1, 2021
$4,325,000
Nabya Investments INC
Dbt Properties Investment INC
Special Warranty Deed
$3,027,500 · Centennial Bank
Apr 20, 2010
—
Dbt Properties Investment INC
—
Deed Of Trust
related
$3,570,000 · Regions Bank
Jan 22, 2008
$4,000,000
Dbt Properties Investment INC
Sikes Leon R JR Trust
Grant Deed
$3,570,000 · Regions Bank
—
—
Dbt Properties Investment INC
—
Deed Of Trust
related
$3,500,000 · Regions Bank
—
—
Dbt Properties Investment INC
—
Deed Of Trust
related
$4,024,827 · Regions Bank
—
—
D Lllp
—
Deed Of Trust
related
$12,325,087 · J P Morgan Chase Bank
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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