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Property profile & analytics
OFF-MARKET
Estimated value
$8,790,000
Office Spaces
3563 Corporate Pkwy Palm City, FL 34990-8152
Entity Owned
23-yr Hold
Free & Clear
Property ID
US18-4838038
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1989
Total area
50,076 SF
Lot
3.91 ac (170,232 SF)
APN
13-38-40-019-000-00040-0
UPID
US18-4838038
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
$10.40M
Comparable Approach
Comparable
$9.30M
Blend (final)
Blend
$8.79M
Owner & transaction history
Mcnamara Martin Downs LLC · 23 yrs held
Mcnamara Martin Downs LLC
since 2003
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$13.5M
+18.6%
Medical building
$11.9M
+4.7%
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%
$11,265,000
6.5%
$10,400,000
7%
$9,660,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$11,395,000
Current use
RETAIL STORES
$13,515,000
Change: +19% · Conversion: Easy
MEDICAL BUILDING
$11,930,000
Change: +5% · Conversion: Easy
INDUSTRIAL (GENERAL)
$9,475,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$8.79M
Range $7.91M – $9.67M · ±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
$176 / 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
$78,933
Tax year 2023
Assessed value
$5,072,890
Assessed 2023
Previous assessed
$4,124,008
+23.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$1,000,060
Assessed improvement
$4,072,830
Land market value
$1,000,060
Improvement market value
$4,072,830
Total market value
$5,072,890
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1989
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Rooms
1
Bathrooms
56
Total area
50,076 SF
Lot
3.91 ac (170,232 SF)
APN
13-38-40-019-000-00040-0
UPID
US18-4838038
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
COMMERCIAL (GENERAL) Current
Est. value
$11.4M
RETAIL STORES
Est. value
$13.5M
MEDICAL BUILDING
Est. value
$11.9M
INDUSTRIAL (GENERAL)
Est. value
$9.5M
COMMERCIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
1989
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Rooms
1
Bathrooms
56
Lot
3.91 ac
Current owner
From public records · entity-resolved
Mcnamara Martin Downs LLC
Entity
Free & Clear · 23 yrs held
Mailing address
522 CAROLINE ST, KEY WEST, FL 33040-6605
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2003
$3,450,000
Mcnamara Martin Downs LLC
Stuart Associates I
Grant Deed
—
—
—
Stuart Associates I
—
Deed Of Trust
related
$103,224 · Column Financial INC
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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