Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Office buildings
363 Tall Pnes Rd West Palm Beach, FL 33413-1702
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-6349000
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1967
Construction
WOOD
Total area
1,708 SF
Lot
1.85 ac (80,525 SF)
Zoning code
IL
APN
00-42-43-34-10-000-0030
UPID
US18-6349000
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
$495k
CAP Approach
CAP
$975k
Comparable Approach
Comparable
$951k
Blend (final)
Blend
$730k
Owner & transaction history
Sims Crane & Equipment Co · 9 yrs held
Sims Crane & Equipment Co
since 2016
1 recorded transaction
Zoning & alternative use
IL · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
d Transition District (RTD). Secs. 94-150-94-170. - Reserved. ARTICLE VI. - INDUSTRIAL DISTRICT Article VI. Footnotes Sec. 94-171. - Intent. Sec. 94-172. - General development standards. Sec. 94-173. - Industrial light (IL) district. Sec. 94-174. - Industrial (I) district. Sec. 94-175. - Industrial districts neighborhood compatibility requirements. Secs. 94-…
Zone name
Industrial Light
General category
INDUSTRIAL
Zone area
137.06 ac
Top alternative use upside
Medical building
$925,000
+52.9%
Auto repair, garage
$880,000
+45.5%
Retail stores
$710,000
+17.3%
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
$495,000
CAP Approach
CAP Return
Estimation
6%
$1,060,000
6.5%
$975,000
7%
$905,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$605,000
Current use
MEDICAL BUILDING
$925,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$880,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$710,000
Change: +17% · Conversion: Moderate
WAREHOUSE, STORAGE
$680,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$665,000
Change: +10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$505,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$427 / 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
$23,494
Tax year 2023
Assessed value
$1,683,805
Assessed 2023
Previous assessed
$1,322,286
+27.3% YoY
Effective rate
1.40%
On assessed value
Assessed land
$1,208,790
Assessed improvement
$475,015
Land market value
$1,208,790
Improvement market value
$475,015
Total market value
$1,683,805
Applied tax rate
192.0000
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
1967
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
1,708 SF
Lot
1.85 ac (80,525 SF)
Zoning code
IL
APN
00-42-43-34-10-000-0030
UPID
US18-6349000
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IL · West Palm Beach, FLZoning 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
Zoning description
d Transition District (RTD). Secs. 94-150-94-170. - Reserved. ARTICLE VI. - INDUSTRIAL DISTRICT Article VI. Footnotes Sec. 94-171. - Intent. Sec. 94-172. - General development standards. Sec. 94-173. - Industrial light (IL) district. Sec. 94-174. - Industrial (I) district. Sec. 94-175. - Industrial districts neighborhood compatibility requirements. Secs. 94-176-94-200. - Reserved. ARTICLE VII. - SPECIAL DISTRICTS Sec. 94-201. - General de
Zone name
Industrial Light
General category
INDUSTRIAL
Zone area
137.06 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$605,000
MEDICAL BUILDING
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$880,000
RETAIL STORES
Est. value
$710,000
WAREHOUSE, STORAGE
Est. value
$680,000
COMMERCIAL (GENERAL)
Est. value
$665,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$505,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1967
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.85 ac
Current owner
From public records · entity-resolved
Sims Crane & Equipment Co
Entity
Mailing address
1219 EN ST #301, TAMPA, FL 33604-6245
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2016
$3,000,000
Sims Crane & Equipment Co
Tidal Wave Dev Corp
Grant Deed
$3,000,000 · Casper Sports LLC
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 363 Tall Pnes Rd?
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.
