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Property profile & analytics
OFF-MARKET
Estimated value
$9,005,000
Distribution centers
3446 Armellini Ave Palm City, FL 34990-8129
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-4855611
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1978
Construction
STEEL FRAME
Total area
80,970 SF
Lot
14.78 ac (643,817 SF)
APN
14-38-40-000-049-00000-4
UPID
US18-4855611
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
-
Armellini On-Site Storage Car Rental Facility
-
Dash Mobile Storage (Bike/Boat/Book/etc) Store Rental Equipment Company
-
FleetForce Truck Driver Training Vocational School
-
Armellini Logistics Headquarters- Palm City, FL Logistics Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.26M
Blend (final)
Blend
$9.01M
Owner & transaction history
Palm City Terminal LLC · 9 yrs held
Palm City Terminal LLC
since 2017
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$11.9M
+1.9%
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 Palm City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm City 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,725,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$11,945,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$9.01M
Range $8.10M – $9.91M · ±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
$111 / 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
$87,245
Tax year 2023
Assessed value
$5,318,780
Assessed 2023
Previous assessed
$4,703,180
+13.1% YoY
Effective rate
1.64%
On assessed value
Assessed land
$1,532,280
Assessed improvement
$3,786,500
Land market value
$1,532,280
Improvement market value
$3,786,500
Total market value
$5,318,780
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1978
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Rooms
4
Bathrooms
16
Total area
80,970 SF
Lot
14.78 ac (643,817 SF)
APN
14-38-40-000-049-00000-4
UPID
US18-4855611
Jurisdiction
MARTIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$11.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.9M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
1978
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
16
Lot
14.78 ac
Current owner
From public records · entity-resolved
Palm City Terminal LLC
Entity
Free & Clear · 9 yrs held
Mailing address
3446 SW ARMELLINI AVE, PALM CITY, FL 34990-8129
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2017
—
Palm City Terminal LLC
Armellini,sarah
Grant Deed
related
—
Feb 15, 2017
—
Palm City Terminal LLC
Armellini,sarah
Grant Deed
related
—
Sep 1, 2010
—
Armellini Julio & Sarah R B Trust
Armellini J & S Living Trust
Quit Claim Deed
related
—
Jun 10, 2010
—
Armellini Julio Living Trust
—
Deed Of Trust
related
$2,250,000 · Wells Fargo Bank
Feb 13, 1996
—
Armellini,julio Trust|armellini,sarah Trust
—
Warranty 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.
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