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Property profile & analytics
OFF-MARKET
Estimated value
$2,410,000
Office buildings
3381 Fairlane Farms Rd Wellington, FL 33414-8711
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-3993859
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2001
Construction
CONCRETE
Total area
8,000 SF
Lot
1.01 ac (43,791 SF)
Zoning code
FLEX
APN
73-41-44-23-03-000-0440
UPID
US18-3993859
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
$2.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.72M
Blend (final)
Blend
$2.41M
Owner & transaction history
K9 Resorts Wellington LLC · 4 yrs held
K9 Resorts Wellington LLC
since 2022
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
FLEX · Wellington, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$3.3M
+18.0%
Retail stores
$3.3M
+17.3%
Warehouse, storage
$3.2M
+12.4%
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 Wellington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wellington 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
$2,745,000
ML approach
$2,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,830,000
Current use
INDUSTRIAL (GENERAL)
$3,340,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$3,320,000
Change: +17% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,180,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$2.41M
Range $2.17M – $2.65M · ±10% · vs last sale $1.93M (Jan 29 2020)
Last sale anchor
$1.93M
Jan 29 2020
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
$301 / 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
$37,608
Tax year 2023
Assessed value
$2,084,485
Assessed 2023
Previous assessed
$1,931,030
+7.9% YoY
Effective rate
1.80%
On assessed value
Assessed land
$590,330
Assessed improvement
$1,494,155
Land market value
$590,330
Improvement market value
$1,494,155
Total market value
$2,084,485
Applied tax rate
73,486.0000
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
2001
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
8,000 SF
Lot
1.01 ac (43,791 SF)
Zoning code
FLEX
APN
73-41-44-23-03-000-0440
UPID
US18-3993859
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
FLEX · Wellington, FL
Zoning FLEX · permitted uses
FLEX · Wellington, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wellington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.8M
INDUSTRIAL (GENERAL)
Est. value
$3.3M
RETAIL STORES
Est. value
$3.3M
WAREHOUSE, STORAGE
Est. value
$3.2M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
2001
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
K9 Resorts Wellington LLC
Entity
Mailing address
3381 FAIRLANE FARMS RD, WELLINGTON, FL 33414-8711
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Apr 22, 2022
—
K9 Resorts Wellington LLC
Msh Property Holdings LLC
Lease
—
Jan 29, 2020
$1,930,000
Msh Property Holdings LLC
Wellington Land Dev LLC
Warranty Deed
—
Jan 22, 2018
$1,000,000
Wellington Land Dev LLC
Suess,herta G
Warranty Deed
—
Sep 22, 2000
—
Herta G Suess
—
Grant Deed
related
$500,000 · Fidelity Federal Bank & Trust
Sep 24, 1999
$218,500
National Home Respiratory Svc
Wellington Land Dev LLC
Grant Deed
$300,000 · Fidelity Fsb Florida
—
—
Suess Herta G Trust
—
Deed Of Trust
related
$1,000,000 · Pnc Bank
—
—
Suess Herta G Trust
—
Deed Of Trust
related
$450,000 · Pnc 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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