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3365 Burns Rd, Palm Beach Gardens, FL 33410
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Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Construction
CONCRETE
Total area
42,948 SF
Lot
2.02 ac (87,991 SF)
Zoning code
PO
APN
52-43-42-07-00-000-1080
UPID
US18-4604073
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.39M
CAP Approach
CAP
$9.24M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.51M
Owner & transaction history
since 2020
Last sale
$8.1M
1 recorded transaction
Zoning & alternative use
PO · Palm Beach Gardens, FL
Zoning description
Policy 1.1.1.8.: Professional/Office (PO): The predominant uses in the Professional/Office category include business, professional and medical office centers. The intent of the category is to distinguish office uses from…
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$11.51M
Value range
$10.36M – $12.66M
±10% around blend
Estimated value / SF
$268 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$10.36M
blend $11.51M
$12.66M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
42,948 SF
Lot area
2.02 ac
Year built
1986
Stories
2
APN
52-43-42-07-00-000-1080
Zoning
PO
Assessed value
$8,970,443
Annual tax
$164,943
3
Income approach: direct capitalization
Partial preview
Income approach indication
$9.24M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$10.01M
@ 6.5% CAP return
$9.24M
@ 7% CAP return
$8.58M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$164,943
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$11.51M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 52 sales
$541
-50%
County 99 sales
$394
-32%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $268/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
5.20%
Selected cap rate for this medical office space
Derived from the Palm Beach Gardens market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.20%
9.0%
NOI (est.)
$90k *
Last sale · Mar 2020
$8.10M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.74M
Move the market yield to see immediate price impact.
Value / SF
$40
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.70%5.20%5.70%
$81k
$1.73M
$1.56M
$1.43M
$90k
$1.92M
$1.74M
$1.58M
$99k
$2.11M
$1.91M
$1.74M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$164,943
Tax year 2023
Assessed value
$8,970,443
Assessed 2023
Previous assessed
$8,610,073
+4.2% YoY
Effective rate
1.84%
On assessed value
Assessed land
$1,610,777
Assessed improvement
$7,359,666
Land market value
$1,610,777
Improvement market value
$7,359,666
Total market value
$8,970,443
Applied tax rate
52,401.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1986
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
42,948 SF
Lot
2.02 ac (87,991 SF)
Zoning code
PO
APN
52-43-42-07-00-000-1080
UPID
US18-4604073
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PO · Palm Beach Gardens, FLZoning PO · permitted uses
PO · Palm Beach Gardens, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
Policy 1.1.1.8.: Professional/Office (PO): The predominant uses in the Professional/Office category include business, professional and medical office centers. The intent of the category is to distinguish office uses from…
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
2.02 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
PO
COMMERCIAL
Jurisdiction
Palm Beach Gardens, FL
Recorded code
PO
Official district
PO
Official district profile
What the municipal code says about PO
Zoning description
Policy 1.1.1.8.: Professional/Office (PO): The predominant uses in the Professional/Office category include business, professional and medical office centers. The intent of the category is to distinguish office uses from…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PO in Palm Beach Gardens, FL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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