New search
Property profile & analytics
OFF-MARKET
Estimated value
$14,560,000
Medical Office Space
3602 Kyoto Gdns Dr, Palm Beach Gardens, FL 33410-2713
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-0280376
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
STEEL FRAME
Total area
20,377 SF
Lot
1.95 ac (84,785 SF)
Zoning code
PCD
APN
52-43-42-06-07-001-0010
UPID
US18-0280376
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
$14.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.87M
Blend (final)
Blend
$14.56M
Owner & transaction history
Vpu Palm Beach Gardens LLC · 1 yrs held
Vpu Palm Beach Gardens LLC
since 2024
Last sale
$14.6M
6 recorded transactions
Zoning & alternative use
PCD · Palm Beach Gardens, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$15.6M
+41.3%
Apartment house (5+ units)
$12.1M
+10.1%
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 Palm Beach Gardens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Beach Gardens 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
$14,560,000
ML approach
$14,560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$11,025,000
Current use
RESTAURANT
$15,585,000
Change: +41% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$12,135,000
Change: +10% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,485,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$14.56M
Range $13.10M – $16.02M · ±10% · vs last sale $14.56M (Jul 25 2024)
Last sale anchor
$14.56M
Jul 25 2024
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
$715 / 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
$182,260
Tax year 2023
Assessed value
$9,648,246
Assessed 2023
Previous assessed
$9,365,925
+3.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$3,095,573
Assessed improvement
$6,552,673
Land market value
$3,095,573
Improvement market value
$6,552,673
Total market value
$9,648,246
Applied tax rate
52,401.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Total area
20,377 SF
Lot
1.95 ac (84,785 SF)
Zoning code
PCD
APN
52-43-42-06-07-001-0010
UPID
US18-0280376
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PCD · Palm Beach Gardens, FL
Zoning PCD · permitted uses
PCD · Palm Beach Gardens, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Beach Gardens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$11.0M
RESTAURANT
Est. value
$15.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.1M
AUTO REPAIR, GARAGE
Est. value
$10.5M
MEDICAL BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
Units
1
Lot
1.95 ac
Current owner
From public records · entity-resolved
Vpu Palm Beach Gardens LLC
Entity
Mailing address
901 PO BOX 92129TH AVE STE #3300, GRAPEVINE, TX 76092-0102
Ownership since
2024
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
Jul 25, 2024
$14,561,864
Vpu Palm Beach Gardens LLC
Kyoto Gardens Drive Mob LLC
Special Warranty Deed
—
Jul 1, 2015
$14,070,000
Doc-3602 Kyoto Gardens Drive M
Lspb Real Estate LLC
Grant Deed
—
Feb 14, 2007
—
Lspb Real Estate LLC
—
Deed Of Trust
related
$7,197,051 · Wachovia Bank NA
Feb 16, 2006
$5,098,204
Lspb Real Estate LLC
Doctors Outpatient Surgery Cen
Warranty Deed
—
—
—
Avital Real Estate Pga LLC
—
Deed Of Trust
related
$1,300,000 · Northern Trust Bank Of Florida
—
—
Lspb Real Estate LLC
—
Deed Of Trust
related
$6,157,308 · Wells Fargo 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3602 Kyoto Gdns Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
