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Property profile & analytics
OFF-MARKET
Estimated value
$6,960,000
Industrial properties
3220 Fairlane Farms Rd Wellington, FL 33414-8790
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-2275517
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2006
Construction
CONCRETE
Total area
38,891 SF
Lot
2.94 ac (128,023 SF)
Zoning code
FLEX
APN
73-41-44-23-03-000-0150
UPID
US18-2275517
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
$6.96M
CAP Approach
CAP
$9.09M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.96M
Owner & transaction history
Prime Storage Wellington LLC · 2 yrs held
Prime Storage Wellington LLC
since 2024
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
FLEX · Wellington, 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 Wellington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wellington 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
$6,960,000
ML approach
$6,960,000
CAP Approach
CAP Return
Estimation
6%
$9,840,000
6.5%
$9,085,000
7%
$8,435,000
Blend value · Realmo final
$6.96M
Range $6.26M – $7.66M · ±10% · vs last sale $6.96M (May 7 2024)
Last sale anchor
$6.96M
May 7 2024
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
$179 / 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
$118,093
Tax year 2023
Assessed value
$7,371,279
Assessed 2023
Previous assessed
$7,371,279
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$1,242,335
Assessed improvement
$6,128,944
Land market value
$1,242,335
Improvement market value
$6,128,944
Total market value
$7,371,279
Applied tax rate
73,486.0000
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
2006
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
3
Total area
38,891 SF
Lot
2.94 ac (128,023 SF)
Zoning code
FLEX
APN
73-41-44-23-03-000-0150
UPID
US18-2275517
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
FLEX · Wellington, FL
Zoning FLEX · permitted uses
FLEX · Wellington, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wellington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Lot
2.94 ac
Current owner
From public records · entity-resolved
Prime Storage Wellington LLC
Entity
Mailing address
85 RAILROAD PL, SARATOGA SPRINGS, NY 12866-2124
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2024
—
Prime Storage Wellington LLC
—
Deed
related
$250,000,000 · Bmo Bank NA
May 7, 2024
$6,960,000
Prime Storage Wellington LLC
Burlington Taj Mahal LLC
Special Warranty Deed
—
Jun 20, 2019
—
Burlington Taj Mahal LLC
—
Deed
related
$2,780,183 · Legacy Bk/fl
Jun 23, 2016
$3,350,650
Burlington Taj Mahal LLC
S-egm Warehouse LLC
Grant Deed
$2,695,000 · Legacy Bk/fl
Sep 17, 2012
$1,900,000
S-egm Warehouse LLC
Montecito New York LLC
Grant Deed
—
Mar 19, 2012
$2,000,000
Montecito New York LLC
Enterprise Bk Of Fl
Grant Deed
$1,500,000 · Enterprise Bank
Jul 7, 2010
$2,771,460
Enterprise Bk Of Fl
Saddle Light Investments LLC
Deed In Lieu Of Foreclosure
related
—
Mar 12, 2004
$490,000
Saddle Light Investments LLC
Mjs Partners LLC
Grant Deed
$318,500 · Sterling Bank
May 29, 2003
$425,000
Mjs Partners LLC
Cadeci International Corp
Quit Claim Deed
related
$375,000 · Cadeci International Corp
Mar 28, 2002
$240,000
Suess Trust
Mancini,guy
Grant Deed
—
Dec 14, 2001
$234,700
Cadeci International Corp
Mancini,guy
Grant Deed
—
—
—
Burlington Taj Mahal LLC
—
Loan Modification
related
$2,780,183 · Legacy Bk/fl
—
—
S-egm Warehousem LLC
—
Deed Of Trust
related
$1,500,000 · Enterprise 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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