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Property profile & analytics
OFF-MARKET
Estimated value
$5,155,000
Banks
343 Southern Blvd West Palm Beach, FL 33405-2617
Individually Owned
6-yr Hold
Free & Clear
Property ID
US18-3308226
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2019
Construction
CONCRETE
Total area
3,368 SF
Lot
0.55 ac (24,132 SF)
Zoning code
GC
APN
74-43-44-03-01-000-2040
UPID
US18-3308226
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
-
Chase Bank Bank Loan Service
-
Chase ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.16M
Owner & transaction history
Jpmorgan Chase Bk NA · 6 yrs held
Jpmorgan Chase Bk NA
since 2020
Last sale
$5.7M
7 recorded transactions
Zoning & alternative use
GC · 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
Method
Estimation
Statistic approach
$4,065,000
ML approach
$5,145,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.16M
Range $4.64M – $5.67M · ±10% · vs last sale $5.70M (Apr 27 2020)
Last sale anchor
$5.70M
Apr 27 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
$1,531 / 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
$78,957
Tax year 2023
Assessed value
$3,780,451
Assessed 2023
Previous assessed
$3,679,747
+2.7% YoY
Effective rate
2.09%
On assessed value
Assessed land
$2,944,226
Assessed improvement
$836,225
Land market value
$2,944,226
Improvement market value
$836,225
Total market value
$3,780,451
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2019
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
3,368 SF
Lot
0.55 ac (24,132 SF)
Zoning code
GC
APN
74-43-44-03-01-000-2040
UPID
US18-3308226
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
GC · West Palm Beach, FL
Zoning GC · permitted uses
GC · 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
2019
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Jpmorgan Chase Bk NA
Individual
Free & Clear · 6 yrs held
Mailing address
1111 POLARIS PKWY, COLUMBUS, OH 43240-2031
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2020
$39,900
Jpmorgan Chase Bk NA
Southern Dixie LLC
Grant Deed
—
Apr 6, 2016
$1,250,000
Southern Dixie LLC
343 Southern LLC
Warranty Deed
$1,260,000 · Private Individual
Jan 18, 2013
$412,500
343 Southern LLC
Jfd LLC
Warranty Deed
—
Jan 18, 2013
—
Jfd LLC
Deas,joann F
Grant Deed
related
—
Nov 18, 2011
$320,000
3914 South Dixie LLC
Markinch INC
Warranty Deed
—
Nov 9, 2007
—
Jfrazierd LLC
Deas,joann F
Warranty Deed
—
Oct 6, 2004
—
Joann F Deas
Frazier Dorothy B 1996 Trust
Grant Deed
related
—
Jan 27, 1997
—
Frazier Trust
Frazier,dorothy B
Quit Claim Deed
related
—
—
—
Markinch INC
—
Deed Of Trust
related
$108,500 · Randall Rlty Invs
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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