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Property profile & analytics
OFF-MARKET
Estimated value
$3,795,000
Showrooms
3650 Shawnee Ave, West Palm Beach, FL 33409-4937
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US19-0731779
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1985
Construction
CONCRETE
Total area
23,691 SF
Lot
2 ac (86,941 SF)
Zoning code
CG
APN
00-43-43-30-03-009-0010
UPID
US19-0731779
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
-
Joel's Place Coffee Take-out & Catering Catering Service
-
River Church West Palm Beach Church
-
Tutor Factory Tutoring Service
-
Echoes of Praise Ministries Church Association / Organization
-
Silver Fox Brazilian Jiu-Jitsu - 561 Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.10M
Blend (final)
Blend
$3.80M
Owner & transaction history
Westgate & Wabasso Corp · 10 yrs held
Westgate & Wabasso Corp
since 2016
7 recorded transactions
Zoning & alternative use
CG · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$3.80M
Range $3.42M – $4.17M · ±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
$160 / 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
$40,125
Tax year 2023
Assessed value
$2,189,912
Assessed 2023
Previous assessed
$1,981,754
+10.5% YoY
Effective rate
1.83%
On assessed value
Assessed land
$956,340
Assessed improvement
$1,233,572
Land market value
$956,340
Improvement market value
$1,233,572
Total market value
$2,189,912
Applied tax rate
197.0000
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
1985
Construction
CONCRETE
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
23,691 SF
Lot
2 ac (86,941 SF)
Zoning code
CG
APN
00-43-43-30-03-009-0010
UPID
US19-0731779
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · West Palm Beach, FL
Zoning CG · permitted uses
CG · 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.
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
Westgate & Wabasso Corp
Entity
Mailing address
11911 US HWY 1ST STE #206, NORTH PALM BEACH, FL 33408-2862
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2016
$1,855,000
Westgate & Wabasso Corp
Fifth Third Bk
Grant Deed
—
Jan 21, 2016
$750,000
Westgate & Wabasso Corp
Fifth Third Bk
Grant Deed
—
Nov 17, 2015
$15,100
Fifth Third Bk
Medical Career Inst Of So Coc
Trustees Deed
related
—
Nov 17, 2015
$750,000
Fifth Third Bk
Medical Career Inst Of So Coc
Trustees Deed
related
—
Apr 16, 2013
—
Shawnee Ave LLC
—
Deed Of Trust
related
$1,800,000 · Fifth Third Bank
Sep 20, 2011
$1,800,000
Shawnee Ave LLC
Grand Bk & Trust Of Fl
Grant Deed
$1,440,000 · Florida Community Bank
Oct 27, 2010
$100
Grand Bk & Trust Of Fl
Shawnee Business Cente Coc
Trustees Deed
related
—
Jun 2, 2006
$2,585,000
Shawnee Business Center LLC
Shawnee Industrial Park INC
Warranty Deed
—
—
—
Shawnee Business Center LLC
—
Deed Of Trust
related
$2,120,000 · Grand Bank & Trust Of Florida
—
—
Shawnee Business Center LLC
—
Deed Of Trust
related
$95,000 · Grand Bank & Trust Of Florida
—
—
Shawnee Avenue LLC
—
Deed Of Trust
related
$150,000 · Palm Beach County (fl)
—
—
Shawnee Business Center LLC
—
Deed Of Trust
related
$2,831,383 · Orion Bank
—
—
Shawnee Business Center LLC
—
Deed Of Trust
related
$2,120,000 · Grand Bank & Trust Of Florida
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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