Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Office buildings
341 Old Dixie Hwy Tequesta, FL 33469-2756
Entity Owned
16-yr Hold
Free & Clear
Property ID
US18-4737982
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1959
Construction
STEEL FRAME
Total area
2,413 SF
Lot
0.4 ac (17,228 SF)
Zoning code
C-3
APN
60-43-40-30-00-000-7090
UPID
US18-4737982
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
by Request
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$960k
Owner & transaction history
Ken-nancy Properties LLC · 16 yrs held
Ken-nancy Properties LLC
since 2009
1 recorded transaction
Zoning & alternative use
C-3 · Tequesta, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the purpose and intent of the C-3 general commercial district to provide lands within the village as depicted on the official zoning map and thereby encourage the development of a general variety of commercial uses which provide a wide range of goods and services.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
12.50 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$1.2M
+40.4%
Retail stores
$960,000
+13.3%
Neighborhood: shopping center
$955,000
+12.3%
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 Tequesta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tequesta 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%
$1,135,000
6.5%
$1,050,000
7%
$975,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$850,000
Current use
AUTO REPAIR, GARAGE
$1,190,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$960,000
Change: +13% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$955,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$950,000
Change: +12% · Conversion: Easy
COMMERCIAL (GENERAL)
$925,000
Change: +9% · Conversion: Easy
WAREHOUSE, STORAGE
$800,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±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
$398 / 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
$15,695
Tax year 2023
Assessed value
$830,430
Assessed 2023
Previous assessed
$785,620
+5.7% YoY
Effective rate
1.89%
On assessed value
Assessed land
$434,095
Assessed improvement
$396,335
Land market value
$434,095
Improvement market value
$396,335
Total market value
$830,430
Applied tax rate
60,461.0000
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
1959
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
2,413 SF
Lot
0.4 ac (17,228 SF)
Zoning code
C-3
APN
60-43-40-30-00-000-7090
UPID
US18-4737982
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-3 · Tequesta, FLZoning C-3 · permitted uses
C-3 · Tequesta, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is the purpose and intent of the C-3 general commercial district to provide lands within the village as depicted on the official zoning map and thereby encourage the development of a general variety of commercial uses which provide a wide range of goods and services.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
12.50 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$850,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$960,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$955,000
MEDICAL BUILDING
Est. value
$950,000
COMMERCIAL (GENERAL)
Est. value
$925,000
WAREHOUSE, STORAGE
Est. value
$800,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1959
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.4 ac
Current owner
From public records · entity-resolved
Ken-nancy Properties LLC
Entity
Free & Clear · 16 yrs held
Mailing address
5400 BROADWAY, WEST PALM BEACH, FL 33407-2602
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2009
—
Ken-nancy Properties LLC
Nolen Kenneth E Trust
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 341 Old Dixie Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
