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Property profile & analytics
FOR SALE
Showrooms
3541 Dr Martin Luther King Jr Blvd Riviera Beach, FL 33404
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-5981850
For Sale
1 / 6
$36,000
3541 Dr Martin Luther King Jr Blvd, Riviera Beach, FL 33404
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2003
Construction
STEEL FRAME
Total area
64,610 SF
Lot
5.75 ac (250,422 SF)
Zoning code
IG
APN
56-43-42-31-41-000-0000
UPID
US18-5981850
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
$11.77M
CAP Approach
CAP
$15.09M
Comparable Approach
Comparable
$9.82M
Blend (final)
Blend
$12.33M
Owner & transaction history
Koda Interstate LLC · 5 yrs held
Koda Interstate LLC
since 2021
Last sale
$12.8M
5 recorded transactions
Zoning & alternative use
IG · Riviera Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
General Industrial District
General category
INDUSTRIAL
Zone area
1,128.57 ac
Source
Realmo
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 Riviera Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riviera 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
$12,055,000
ML approach
$11,770,000
CAP Approach
CAP Return
Estimation
6%
$16,345,000
6.5%
$15,090,000
7%
$14,010,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$14,680,000
Current use
Blend value · Realmo final
$12.33M
Range $11.10M – $13.56M · ±10% · vs last sale $12.75M (Apr 13 2021)
Last sale anchor
$12.75M
Apr 13 2021
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
$191 / 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
$202,151
Tax year 2023
Assessed value
$8,712,770
Assessed 2023
Previous assessed
$8,324,435
+4.7% YoY
Effective rate
2.32%
On assessed value
Assessed land
$2,321,421
Assessed improvement
$6,391,349
Land market value
$2,321,421
Improvement market value
$6,391,349
Total market value
$8,712,770
Applied tax rate
56,407.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Sale
Year built
2003
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Total area
64,610 SF
Lot
5.75 ac (250,422 SF)
Zoning code
IG
APN
56-43-42-31-41-000-0000
UPID
US18-5981850
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IG · Riviera Beach, FLZoning IG · permitted uses
IG · Riviera Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
General Industrial District
General category
INDUSTRIAL
Zone area
1,128.57 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$14.7M
COMMERCIAL (GENERAL) Current
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
2003
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
5.75 ac
Current owner
From public records · entity-resolved
Koda Interstate LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 814894, HOLLYWOOD, FL 33081-4894
Ownership since
2021
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
Apr 13, 2021
$12,750,000
Koda Interstate LLC
Interstate Industrial Park Holdings
Special Warranty Deed
—
Mar 11, 2019
$3,965,761
Interstate Indl Pk Hldgs LLC
Sl Interstate Indl Pk LLC
Trustees Deed
related
$7,900,000 · A10 Cap
Nov 3, 2016
—
Sl Interstate Indl Park LLC
Keller Fred
Grant Deed
$3,251,000 · Investors Bk
Nov 3, 2016
$5,510,384
Sl Interstate Indl Park LLC
Land Trust 1033
Grant Deed
related
—
—
—
Sl Interstate Indl Park LLC
—
Loan Modification
related
$3,251,000 · Investors 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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