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Property profile & analytics
OFF-MARKET
Estimated value
$8,945,000
Showrooms
3601 Prospect Ave West Palm Beach, FL 33404-3442
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-9773492
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1974
Construction
CONCRETE
Total area
39,958 SF
Lot
10.82 ac (471,302 SF)
Zoning code
IL
APN
00-43-42-30-14-001-0000
UPID
US18-9773492
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
-
Blast Masters Powder Coating, LLC. Powder Coating Service Sandblasting Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.33M
Comparable Approach
Comparable
$8.60M
Blend (final)
Blend
$8.95M
Owner & transaction history
Sl Garden Industrial Park LLC · 9 yrs held
Sl Garden Industrial Park LLC
since 2016
6 recorded transactions
Zoning & alternative use
IL · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$14.1M
+55.8%
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%
$10,110,000
6.5%
$9,330,000
7%
$8,665,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$9,080,000
Current use
OFFICE BUILDING
$14,140,000
Change: +56% · Conversion: Easy
Blend value · Realmo final
$8.95M
Range $8.05M – $9.84M · ±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
$224 / 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
$293,616
Tax year 2023
Assessed value
$17,421,270
Assessed 2023
Previous assessed
$15,202,373
+14.6% YoY
Effective rate
1.69%
On assessed value
Assessed land
$3,478,201
Assessed improvement
$13,943,069
Land market value
$3,478,201
Improvement market value
$13,943,069
Total market value
$17,421,270
Applied tax rate
227.0000
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
Off-Market
Year built
1974
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Total area
39,958 SF
Lot
10.82 ac (471,302 SF)
Zoning code
IL
APN
00-43-42-30-14-001-0000
UPID
US18-9773492
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IL · West Palm Beach, FL
Zoning IL · permitted uses
IL · 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
COMMERCIAL (GENERAL) Current
Est. value
$9.1M
OFFICE BUILDING
Est. value
$14.1M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1974
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
10.82 ac
Current owner
From public records · entity-resolved
Sl Garden Industrial Park LLC
Entity
Mailing address
195 MORRISTOWN RD, BASKING RIDGE, NJ 07920-1650
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2021
—
Sl 3750 Investment Lane LLC
—
Deed
related
$1,495,000 · Investors Bk
Nov 3, 2016
—
Sl Garden Industrial Park LLC
Angelika Bovi
Personal Representative Deed
$5,965,000 · Investors Bank
Nov 3, 2016
$9,350,000
Sl Garden Industrial Park LLC
Land Trust 1002
Grant Deed
related
—
Oct 31, 2012
—
Land Trust 1024
—
Deed Of Trust
related
$6,300,000 · First United Bank
—
—
Sl Garden Industrial Park LLC
—
Loan Modification
related
$5,965,000 · Investors Bk
—
—
Sl 3750 Investment Lane LLC
—
Loan Modification
related
$1,495,000 · 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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