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Property profile & analytics
OFF-MARKET
Estimated value
$7,855,000
Industrial properties
3705 Shares Pl West Palm Beach, FL 33404-1778
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-4458015
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1986
Construction
CONCRETE
Total area
36,720 SF
Lot
2.01 ac (87,765 SF)
Zoning code
IL
APN
00-43-42-19-05-002-0040
UPID
US18-4458015
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
-
Jimenez Group Law Firm
-
PV Foam Corporate Office
-
Big Digital Graphics LLC Marketing & Advertising Advertising Agency
-
Excess IT Hardware Recycling Center Waste Management Facility
-
Max Davis Associates Corporate Office Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.58M
Comparable Approach
Comparable
$9.60M
Blend (final)
Blend
$7.86M
Owner & transaction history
Sti Holdings Shares LLC · 7 yrs held
Sti Holdings Shares LLC
since 2019
2 recorded transactions
Zoning & alternative use
IL · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.0M
+55.8%
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%
$9,290,000
6.5%
$8,575,000
7%
$7,965,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,340,000
Current use
OFFICE BUILDING
$12,995,000
Change: +56% · Conversion: Easy
Blend value · Realmo final
$7.86M
Range $7.07M – $8.64M · ±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
$214 / 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
$73,855
Tax year 2023
Assessed value
$4,777,855
Assessed 2023
Previous assessed
$3,516,667
+35.9% YoY
Effective rate
1.55%
On assessed value
Assessed land
$677,554
Assessed improvement
$4,100,301
Land market value
$677,554
Improvement market value
$4,100,301
Total market value
$4,777,855
Applied tax rate
227.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
12
Total area
36,720 SF
Lot
2.01 ac (87,765 SF)
Zoning code
IL
APN
00-43-42-19-05-002-0040
UPID
US18-4458015
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IL · West Palm Beach, FL
Zoning 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
West Palm Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$8.3M
OFFICE BUILDING
Est. value
$13.0M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1986
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
12
Lot
2.01 ac
Current owner
From public records · entity-resolved
Sti Holdings Shares LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1416 OKEECHOBEE RD, WEST PALM BEACH, FL 33401-6824
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2019
$3,138,000
Sti Holdings Shares LLC
Hybrid Of South Florida LLC
Grant Deed
—
Jan 11, 2016
$2,158,000
Hybrid Of South Florida LLC
Open Door Property LLC
Special Warranty Deed
$1,100,000 · Pnc Bank NA
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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