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Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Medical Office Space
3701 Broadway West Palm Beach, FL 33407-4318
Entity Owned
12-yr Hold
Free & Clear
Property ID
US18-0312953
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1971
Construction
CONCRETE
Total area
12,362 SF
Lot
0.72 ac (31,551 SF)
Zoning code
BMUD - I
APN
74-43-43-09-05-036-0010
UPID
US18-0312953
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
-
Dollar General Discount Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.85M
Owner & transaction history
Northwood Properties Group LLC · 12 yrs held
Northwood Properties Group LLC
since 2013
6 recorded transactions
Zoning & alternative use
BMUD - I · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$150 / 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
$13,487
Tax year 2023
Assessed value
$485,208
Assessed 2023
Previous assessed
$412,818
+17.5% YoY
Effective rate
2.78%
On assessed value
Assessed land
$315,500
Assessed improvement
$169,708
Land market value
$315,500
Improvement market value
$169,708
Total market value
$485,208
Applied tax rate
74,407.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1971
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
12,362 SF
Lot
0.72 ac (31,551 SF)
Zoning code
BMUD - I
APN
74-43-43-09-05-036-0010
UPID
US18-0312953
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
BMUD - I · West Palm Beach, FL
Zoning BMUD - I · permitted uses
BMUD - I · 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
1971
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.72 ac
Current owner
From public records · entity-resolved
Northwood Properties Group LLC
Entity
Free & Clear · 12 yrs held
Mailing address
222 LAKEVIEW AVE PH #5, WEST PALM BEACH, FL 33401-6151
Ownership since
2013
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
Oct 29, 2013
$440,000
Northwood Properties Group LLC
Indigo Land Northwood LLC
Grant Deed
—
Aug 22, 2011
$200,100
Indigo Land Northwood LLC
Northwood Sg 2 LLC Coc
Trustees Deed
related
—
Jun 10, 2005
$1,450,000
Northwood Sg2 LLC
Atlantic Funding Ltd
Warranty Deed
—
May 27, 2004
$900,000
Atlantic Funding Corp
Broadway Associated LLC
Grant Deed
related
$800,000 · Atlantic Funding Corp
May 23, 2001
$535,000
Broadway Associates LLC
Clements,f C
Grant Deed
—
May 7, 1998
$145,000
Yenom Group INC
Neurologic Laboratories INC
Grant Deed
—
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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