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Property profile & analytics
OFF-MARKET
Estimated value
$8,675,000
Grocery and convenience stores
3700 Broadway Riviera Beach, FL 33404-2336
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4138590
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2004
Construction
CONCRETE
Total area
48,672 SF
Lot
3.45 ac (150,282 SF)
Zoning code
DG
APN
56-43-42-28-38-000-0010
UPID
US18-4138590
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
$9.12M
CAP Approach
CAP
$10.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.68M
Owner & transaction history
Silver Beach Road Partners LLC · 4 yrs held
Silver Beach Road Partners LLC
since 2021
Last sale
$7.3M
6 recorded transactions
Zoning & alternative use
DG · Riviera 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 Riviera Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riviera 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
$9,080,000
ML approach
$9,120,000
CAP Approach
CAP Return
Estimation
6%
$11,470,000
6.5%
$10,585,000
7%
$9,830,000
Blend value · Realmo final
$8.68M
Range $7.81M – $9.54M · ±10% · vs last sale $7.30M (Dec 14 2021)
Last sale anchor
$7.30M
Dec 14 2021
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
$178 / 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
$139,124
Tax year 2023
Assessed value
$6,200,000
Assessed 2023
Previous assessed
$6,200,000
+0.0% YoY
Effective rate
2.24%
On assessed value
Assessed improvement
$6,200,000
Improvement market value
$6,200,000
Total market value
$6,200,000
Applied tax rate
56,407.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
48,672 SF
Lot
3.45 ac (150,282 SF)
Zoning code
DG
APN
56-43-42-28-38-000-0010
UPID
US18-4138590
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
DG · Riviera Beach, FL
Zoning DG · permitted uses
DG · Riviera Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riviera Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2004
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.45 ac
Current owner
From public records · entity-resolved
Silver Beach Road Partners LLC
Entity
Mailing address
11231 US HWY 1ST #354, NORTH PALM BEACH, FL 33408-3216
Ownership since
2021
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
Dec 14, 2021
$7,300,000
Silver Beach Road Partners LLC
Kydala INC
Special Warranty Deed
—
Jan 23, 2013
$7,378,500
Kydala INC
Sra Of Sunrise II LLC
Warranty Deed
—
Jul 25, 2006
$7,105,000
Sra Of Sunrise II LLC
Icos LLC
Warranty Deed
—
Dec 2, 2004
$6,600,000
Icos LLC
Wd Riviera Ltd
Warranty Deed
$2,750,000 · Intercredit Bank NA
Jul 17, 2003
$1,850,000
Wd Riviera Ltd
Byram Holdings INC
Grant Deed
—
—
—
Sra Of Sunrise II LLC
—
Deed Of Trust
related
$3,000,000 · Bank Of America
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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