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Property profile & analytics
FOR LEASE
Office buildings
324 Royal Palm Way Palm Beach, FL 33480
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-2617706
For Lease
1 / 2
$100 SF/Yr
324 Royal Palm Way, Palm Beach, FL 33480
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1960
Construction
STEEL FRAME
Total area
26,430 SF
Lot
0.92 ac (40,001 SF)
Zoning code
C-OPI
APN
50-43-43-23-05-024-0440
UPID
US18-2617706
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
-
324 Royal Palm Way Office Building Corporate Office
-
U.S. Bank ATM Atm
-
U.S. Bank - Private Wealth Advisor: Jennifer Bellis Financial Advisor
-
AlTi Tiedemann Global Financial Advisor
-
Sollis Health - Palm Beach Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cspb 324 LLC · 5 yrs held
Cspb 324 LLC
since 2021
Last sale
$18.5M
6 recorded transactions
Zoning & alternative use
C-OPI · 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 Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$281,638
Tax year 2023
Assessed value
$17,914,046
Assessed 2023
Previous assessed
$17,393,272
+3.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$9,861,632
Assessed improvement
$8,052,414
Land market value
$9,861,632
Improvement market value
$8,052,414
Total market value
$17,914,046
Applied tax rate
50,411.0000
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
For Lease
Year built
1960
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
3
Total area
26,430 SF
Lot
0.92 ac (40,001 SF)
Zoning code
C-OPI
APN
50-43-43-23-05-024-0440
UPID
US18-2617706
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-OPI · Palm Beach, FL
Zoning C-OPI · permitted uses
C-OPI · Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.92 ac
Current owner
From public records · entity-resolved
Cspb 324 LLC
Entity
Mailing address
1501 BROADWAY #17, NEW YORK, NY 10036-5601
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2022
—
Cspb 324 LLC
—
Deed
related
$750,000 · The Northern Trust Co
Jun 3, 2021
$18,500,000
Cspb 324 LLC
Rpw Equity LLC
Special Warranty Deed
$12,025,000 · The Northern Trust Co
Aug 5, 2015
$18,000,000
Rpw Equity LLC
324 Royal Palm Way LLC
Grant Deed
—
Oct 9, 2012
$12,350,000
324 Royal Palm Way LLC
Rp Of SR Royal Palm Way LLC
Grant Deed
$7,250,000 · Ladder Capital Finance I LLC
Sep 28, 2010
$300
Rp Of SR Royal Palm Way LLC
W2007 Bpfi Rpw Owner L Coc
Trustees Deed
related
—
Aug 2, 2005
—
Broadway Rpw Revocable Statutory Tr
Arh Lc
Special 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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