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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Assisted living facilities
3601 Broadway West Palm Beach, FL 33407-4843
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-1938829
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1930
Construction
WOOD
Total area
2,255 SF
Lot
0.29 ac (12,502 SF)
Zoning code
BMUD - I
APN
74-43-43-09-05-037-0040
UPID
US18-1938829
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
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$470k
Blend (final)
Blend
$760k
Owner & transaction history
Oleg Alba · 3 yrs held
Oleg Alba
since 2022
Last sale
$715,000
4 recorded transactions
Zoning & alternative use
BMUD - I · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+50.8%
Auto repair, garage
$1.2M
+43.4%
Commercial (general)
$965,000
+19.1%
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 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
$780,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$810,000
Current use
MEDICAL BUILDING
$1,220,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,160,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$965,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$935,000
Change: +16% · Conversion: Difficult
WAREHOUSE, STORAGE
$865,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$705,000
Change: -13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$665,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $715k (Nov 3 2022)
Last sale anchor
$715k
Nov 3 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
$337 / 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
$7,668
Tax year 2023
Assessed value
$277,930
Assessed 2023
Previous assessed
$147,806
+88.0% YoY
Effective rate
2.76%
On assessed value
Assessed land
$125,000
Assessed improvement
$152,930
Land market value
$125,000
Improvement market value
$152,930
Total market value
$277,930
Applied tax rate
74,407.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1930
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Bathrooms
1
Total area
2,255 SF
Lot
0.29 ac (12,502 SF)
Zoning code
BMUD - I
APN
74-43-43-09-05-037-0040
UPID
US18-1938829
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
BMUD - I · West Palm Beach, FL
Zoning BMUD - I · permitted uses
BMUD - I · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$810,000
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$965,000
RETAIL STORES
Est. value
$935,000
WAREHOUSE, STORAGE
Est. value
$865,000
OFFICE BUILDING
Est. value
$705,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$665,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1930
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Oleg Alba
Individual
Mailing address
1324 SW 102ND AVE, MIAMI, FL 33174-2725
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2022
$715,000
Oleg Alba
Ocean Trust LLC
Warranty Deed
$500,000 · Jalil Medalian
Nov 26, 2012
$91,400
Ocean Trust LLC
Richardson,delores C & Tillman JR Coc
Trustees Deed
related
—
—
—
Delores C Richardson
—
Deed Of Trust
related
$294,000 · Greenpoint Mortgage Funding
—
—
Delores C Richardson
—
Deed Of Trust
related
$70,000 · Republic Security Bank
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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