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Property profile & analytics
OFF-MARKET
Estimated value
$3,910,000
Office buildings
3308 45th St West Palm Beach, FL 33407-1920
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US18-3543252
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1972
Construction
CONCRETE
Total area
8,978 SF
Lot
3.96 ac (172,685 SF)
Zoning code
I
APN
74-42-43-01-02-000-0490
UPID
US18-3543252
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
-
Ceramic Matrix Building Supply Factory
-
Unisource Stone Mosaics Inc Kitchen & Bath Showroom Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.14M
Comparable Approach
Comparable
$4.11M
Blend (final)
Blend
$3.91M
Owner & transaction history
3308 45th Street Holdings LLC · 15 yrs held
3308 45th Street Holdings LLC
since 2011
7 recorded transactions
Zoning & alternative use
I · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.3M
+90.1%
Medical building
$4.9M
+72.7%
Auto repair, garage
$4.6M
+64.3%
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%
$5,565,000
6.5%
$5,135,000
7%
$4,770,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,815,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,345,000
Change: +90% · Conversion: Easy
MEDICAL BUILDING
$4,860,000
Change: +73% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,620,000
Change: +64% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,835,000
Change: +36% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,750,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$3,725,000
Change: +32% · Conversion: Moderate
Blend value · Realmo final
$3.91M
Range $3.52M – $4.30M · ±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
$436 / 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
$143,594
Tax year 2023
Assessed value
$6,756,596
Assessed 2023
Previous assessed
$6,050,921
+11.7% YoY
Effective rate
2.13%
On assessed value
Assessed land
$1,804,579
Assessed improvement
$4,952,017
Land market value
$1,804,579
Improvement market value
$4,952,017
Total market value
$6,756,596
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
8,978 SF
Lot
3.96 ac (172,685 SF)
Zoning code
I
APN
74-42-43-01-02-000-0490
UPID
US18-3543252
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$3.8M
INDUSTRIAL (GENERAL)
Est. value
$3.8M
RETAIL STORES
Est. value
$3.7M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1972
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
3.96 ac
Current owner
From public records · entity-resolved
3308 45th Street Holdings LLC
Entity
Mailing address
3308 45TH ST, WEST PALM BEACH, FL 33407-1920
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
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
Jan 31, 2011
$3,725,000
3308 45th Street Holdings LLC
Icc West Palm LLC
Special Warranty Deed
$1,895,000 · Paradise Bank
Jul 9, 2007
$4,731,564
Icc West Palm LLC
Blue Star Investments LLC
Warranty Deed
—
Oct 28, 2004
$1,875,000
Blue Star Investments LLC
Hughes George R Trust
Grant Deed
$1,500,000 · Southtrust Bank NA
Oct 17, 2003
$1,011,000
Blue Star Investments LLC
Bonnie Tile Corp
Grant Deed
$1,764,000 · Southtrust Bank NA
—
—
3308 45th Street Holdings LLC
—
Deed Of Trust
related
$1,516,000 · Paradise Bank
—
—
Blue Star Investments LLC
—
Deed Of Trust
related
$633,179 · Bankatlantic Fsb
—
—
3308 45th Street Holdings LLC
—
Deed Of Trust
related
$1,895,000 · Paradise Bank
—
—
Icc West Palm LLC
—
Deed Of Trust
related
$4,566,716 · International Finance Bank
—
—
3308 45th Street Holdings LLC
—
Loan Modification
related
$1,731,928 · Cbre Busn Lndg
—
—
Icc West Palm LLC
—
Deed Of Trust
related
$4,700,000 · International Finance Bank
—
—
Blue Star Investments LLC
—
Deed Of Trust
related
$3,785,000 · Independent Community Bank
—
—
3308 45th Street Holdings LLC
—
Deed Of Trust
related
$1,516,000 · Paradise Bank
—
—
3308 45th Street Holdings LLC
—
Deed Of Trust
related
$1,895,000 · Paradise 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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