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Property profile & analytics
OFF-MARKET
Estimated value
$97,765,000
Office buildings
360 Rosemary Ave West Palm Beach, FL 33401-5840
Individually Owned
4-yr Hold
Free & Clear
Property ID
US19-0103113
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2021
Construction
CONCRETE
Total area
305,838 SF
Lot
1.44 ac (62,766 SF)
Zoning code
QBD-8
APN
74-43-43-21-37-001-0000
UPID
US19-0103113
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
-
Custom Website LLC Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Alvarez & Marsal Business Management Consultant
-
Day Pitney LLP Law Firm
-
360 Rosemary Corporate Office
-
North American Development Group Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$90.42M
Blend (final)
Blend
$97.77M
Owner & transaction history
Keith A James · 4 yrs held
Keith A James
since 2021
1 recorded transaction
Zoning & alternative use
QBD-8 · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$161.4M
+25.5%
Auto repair, garage
$157.4M
+22.4%
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
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
OFFICE BUILDING
$128,555,000
Current use
COMMERCIAL (GENERAL)
$161,350,000
Change: +26% · Conversion: Easy
AUTO REPAIR, GARAGE
$157,405,000
Change: +22% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$127,670,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$97.77M
Range $87.99M – $107.54M · ±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
$320 / 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
$4,495,492
Tax year 2023
Assessed value
$248,153,855
Assessed 2023
Previous assessed
$161,277,000
+53.9% YoY
Effective rate
1.81%
On assessed value
Assessed land
$16,476,075
Assessed improvement
$231,677,780
Land market value
$16,476,075
Improvement market value
$231,677,780
Total market value
$248,153,855
Applied tax rate
84,407.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2021
Construction
CONCRETE
Cooling
AC.CHILLED WATER
Stories
18
Total area
305,838 SF
Lot
1.44 ac (62,766 SF)
Zoning code
QBD-8
APN
74-43-43-21-37-001-0000
UPID
US19-0103113
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
QBD-8 · West Palm Beach, FL
Zoning QBD-8 · permitted uses
QBD-8 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$128.6M
COMMERCIAL (GENERAL)
Est. value
$161.4M
AUTO REPAIR, GARAGE
Est. value
$157.4M
INDUSTRIAL (GENERAL)
Est. value
$127.7M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2021
Construction
CONCRETE
Cooling
Yes
Stories
18
Lot
1.44 ac
Current owner
From public records · entity-resolved
Keith A James
Individual
Free & Clear · 4 yrs held
Mailing address
501 FERN ST, WEST PALM BEACH, FL 33401-5700
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2021
—
Keith A James
City Of West Palm Beach
Certificate Of Transfer
—
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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