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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Residential income homes
331 Walton Blvd West Palm Beach, FL 33405-2344
Entity Owned
11-yr Hold
Free & Clear
Property ID
US18-4843494
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1928
Construction
WOOD
Total area
2,800 SF
Lot
0.23 ac (10,128 SF)
Zoning code
MF20-C1
APN
74-43-43-34-15-000-0130
UPID
US18-4843494
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
$500k
CAP Approach
CAP
$805k
Comparable Approach
Comparable
$746k
Blend (final)
Blend
$685k
Owner & transaction history
Premier Waterfront Props LLC · 11 yrs held
Premier Waterfront Props LLC
since 2014
4 recorded transactions
Zoning & alternative use
MF20-C1 · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ily high density residential, context 3 (SF14-C3). Sec. 94-83. - Historic single-family high density residential, context 5 (SF14-C5). Sec. 94-84. - Historic multifamily low, medium and high density, context 1 (MF14-C1, MF20-C1, MF32-C1, NWD-R-C1). Sec. 94-85. - Special exception standards for historic residential districts. Sec. 94-86. - Historic residentia…
Zone name
Historic Multifamily Medium Density Residential Context 1
General category
RESIDENTIAL
Zone area
29.09 ac
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
$500,000
CAP Approach
CAP Return
Estimation
6%
$875,000
6.5%
$805,000
7%
$750,000
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$245 / 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
$22,205
Tax year 2023
Assessed value
$1,082,833
Assessed 2023
Previous assessed
$1,082,833
+0.0% YoY
Effective rate
2.05%
On assessed value
Assessed land
$566,500
Assessed improvement
$516,333
Land market value
$566,500
Improvement market value
$516,333
Total market value
$1,082,833
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1928
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
3
Stories
2
Units
4
Bathrooms
1
Total area
2,800 SF
Lot
0.23 ac (10,128 SF)
Zoning code
MF20-C1
APN
74-43-43-34-15-000-0130
UPID
US18-4843494
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MF20-C1 · West Palm Beach, FLZoning MF20-C1 · permitted uses
MF20-C1 · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ily high density residential, context 3 (SF14-C3). Sec. 94-83. - Historic single-family high density residential, context 5 (SF14-C5). Sec. 94-84. - Historic multifamily low, medium and high density, context 1 (MF14-C1, MF20-C1, MF32-C1, NWD-R-C1). Sec. 94-85. - Special exception standards for historic residential districts. Sec. 94-86. - Historic residential district definitions. Secs. 94-87-94-100. - Reserved. ARTICLE IV. - DOWNTOWN MASTER P
Zone name
Historic Multifamily Medium Density Residential Context 1
General category
RESIDENTIAL
Zone area
29.09 ac
Building & site characteristics
From public records
Year built
1928
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Units
4
Bathrooms
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Premier Waterfront Props LLC
Entity
Free & Clear · 11 yrs held
Mailing address
309 E OCEAN AVE APT #303, LANTANA, FL 33462-3265
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2014
$515,000
Premier Waterfront Props LLC
Wells Fargo Bk NA
Grant Deed
—
Mar 31, 2014
$480,500
Fargo Bk NA Wells
New Era Properties INC Coc
Trustees Deed
related
—
—
—
New Era Properties INC
—
Deed Of Trust
related
$676,200 · Wachovia Mortgage Fsb
—
—
New Era Properties INC
—
Deed Of Trust
related
$667,000 · World Savings
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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