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Property profile & analytics
OFF-MARKET
Estimated value
$32,425,000
High-rise multifamily apartments
333 Fern St West Palm Beach, FL 33401-5896
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-4128382
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2017
Construction
CONCRETE
Total area
434,580 SF
Lot
0.71 ac (30,858 SF)
Zoning code
QGD-10
APN
74-43-43-21-01-010-0110
UPID
US18-4128382
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
-
Fast Digital Marketing & Advertising Advertising Agency
-
Avalon West Palm Beach Real Estate Agency
-
вест пам біч Sports School
-
Authentic WPB LLC Clothing Store
-
United Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$32.43M
Owner & transaction history
Avalon Alexander LLC · 7 yrs held
Avalon Alexander LLC
since 2018
7 recorded transactions
Zoning & alternative use
QGD-10 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$75 / 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
$1,928,700
Tax year 2023
Assessed value
$92,786,031
Assessed 2023
Previous assessed
$89,585,496
+3.6% YoY
Effective rate
2.08%
On assessed value
Assessed land
$13,940,000
Assessed improvement
$78,846,031
Land market value
$13,940,000
Improvement market value
$78,846,031
Total market value
$92,786,031
Applied tax rate
84,407.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2017
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
20
Units
205
Total area
434,580 SF
Lot
0.71 ac (30,858 SF)
Zoning code
QGD-10
APN
74-43-43-21-01-010-0110
UPID
US18-4128382
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
QGD-10 · West Palm Beach, FL
Zoning QGD-10 · permitted uses
QGD-10 · 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
2017
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
20
Units
205
Lot
0.71 ac
Current owner
From public records · entity-resolved
Avalon Alexander LLC
Entity
Free & Clear · 7 yrs held
Mailing address
4040 WILSON BLVD STE #1000, ARLINGTON, VA 22203-4439
Ownership since
2018
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
Oct 19, 2018
$102,990,000
Avalon Alexander LLC
Sodix Fern LLC
Grant Deed
—
Aug 10, 2012
$5,125,000
Sodix Fern LLC
Hawthorn 326 LLC
Warranty Deed
—
Feb 11, 2011
$1,250,000
Hawthorn 331 & 333 LLC
American Heritage
Warranty Deed
—
Feb 18, 2009
—
American Heritage LLC
—
Loan Modification, Consolidation And Extension
related
$600,000 · Bank Of America California NA
May 18, 2005
$10,950,000
American Heritage LLC
Tq West Palm LLC
Warranty Deed
$10,760,000 · Lasalle National Bank
Sep 5, 2000
$5,650,000
Tq West Palm LLC
Fern Street LP
Grant Deed
$6,000,000 · First Union National Bank
—
—
Sodix Fern LLC
—
Loan Modification
related
$50,700,000 · Wells Fargo Bk
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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