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Property profile & analytics
OFF-MARKET
Estimated value
$23,195,000
Distribution centers
3501 Martin Downs Blvd Palm City, FL 34990-8157
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2988791
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1993
Construction
STEEL FRAME
Total area
101,830 SF
Lot
3.12 ac (135,864 SF)
APN
13-38-40-027-000-00010-6
UPID
US18-2988791
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
-
CubeSmart Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$25.34M
Comparable Approach
Comparable
$21.57M
Blend (final)
Blend
$23.20M
Owner & transaction history
Palm City Owner LLC · 4 yrs held
Palm City Owner LLC
since 2022
Last sale
$21.8M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$27.5M
+86.3%
Medical building
$24.3M
+64.5%
Commercial (general)
$23.2M
+57.1%
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
$25,470,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$27,455,000
6.5%
$25,340,000
7%
$23,530,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$14,750,000
Current use
RETAIL STORES
$27,480,000
Change: +86% · Conversion: Moderate
MEDICAL BUILDING
$24,260,000
Change: +64% · Conversion: Difficult
COMMERCIAL (GENERAL)
$23,170,000
Change: +57% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$19,270,000
Change: +31% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$15,025,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$23.20M
Range $20.88M – $25.51M · ±10% · vs last sale $21.80M (Apr 27 2022)
Last sale anchor
$21.80M
Apr 27 2022
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
$228 / 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
$206,984
Tax year 2023
Assessed value
$12,396,470
Assessed 2023
Previous assessed
$10,282,290
+20.6% YoY
Effective rate
1.67%
On assessed value
Assessed land
$822,250
Assessed improvement
$11,574,220
Land market value
$822,250
Improvement market value
$11,574,220
Total market value
$12,396,470
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
1993
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Rooms
1
Bathrooms
3
Total area
101,830 SF
Lot
3.12 ac (135,864 SF)
APN
13-38-40-027-000-00010-6
UPID
US18-2988791
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
$14.8M
RETAIL STORES
Est. value
$27.5M
MEDICAL BUILDING
Est. value
$24.3M
COMMERCIAL (GENERAL)
Est. value
$23.2M
INDUSTRIAL (GENERAL)
Est. value
$19.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.0M
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1993
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Rooms
1
Bathrooms
3
Lot
3.12 ac
Current owner
From public records · entity-resolved
Palm City Owner LLC
Entity
Free & Clear · 4 yrs held
Mailing address
30 HUDSON YARDS #75, NEW YORK, NY 10001-2170
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2024
—
Palm City Owner LLC
—
Deed
related
$148,000,000 · Breds V Mortgage Gs A LLC
Aug 22, 2022
—
Palm City Owner LLC
—
Deed
related
$50,000,000 · Hdp Ms Seller LLC
Apr 27, 2022
$21,800,000
Palm City Owner LLC
Lpp Palm City II LLC
Special Warranty Deed
—
Aug 17, 2020
$11,160,000
Lpp Palm City II LLC
D W Enterprises Incorporated Of Stu
Special Warranty Deed
$10,325,000 · Servisfirst Bank
—
—
Dw Ents INC Of Stuart
—
Loan Modification
related
$3,405,000 · Seacoast Nat'l Bk
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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