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Property profile & analytics
OFF-MARKET
Estimated value
$3,295,000
Industrial properties
3735 Shares Pl West Palm Beach, FL 33404-1701
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-2739830
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1988
Construction
CONCRETE
Total area
15,000 SF
Lot
1.01 ac (43,882 SF)
Zoning code
IL
APN
00-43-42-19-05-002-0060
UPID
US18-2739830
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
-
Supreme Outdoor Living Landscaping
-
Palm Beach Electronics Corporate Office
-
Island Environmental Pest Control Garden Center
-
Discount-Equipment.com Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.80M
CAP Approach
CAP
$3.51M
Comparable Approach
Comparable
$3.02M
Blend (final)
Blend
$3.30M
Owner & transaction history
Island Environmental Pest Control O · 4 yrs held
Island Environmental Pest Control O
since 2021
Last sale
$2.9M
2 recorded transactions
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
Office building
$5.3M
+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
$3,755,000
ML approach
$3,795,000
CAP Approach
CAP Return
Estimation
6%
$3,795,000
6.5%
$3,505,000
7%
$3,255,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,410,000
Current use
OFFICE BUILDING
$5,310,000
Change: +56% · Conversion: Easy
Blend value · Realmo final
$3.30M
Range $2.97M – $3.62M · ±10% · vs last sale $2.85M (Nov 17 2021)
Last sale anchor
$2.85M
Nov 17 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
$220 / 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
$35,712
Tax year 2023
Assessed value
$2,682,614
Assessed 2023
Previous assessed
$2,484,542
+8.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$451,995
Assessed improvement
$2,230,619
Land market value
$451,995
Improvement market value
$2,230,619
Total market value
$2,682,614
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
1988
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
6
Total area
15,000 SF
Lot
1.01 ac (43,882 SF)
Zoning code
IL
APN
00-43-42-19-05-002-0060
UPID
US18-2739830
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
COMMERCIAL (GENERAL) Current
Est. value
$3.4M
OFFICE BUILDING
Est. value
$5.3M
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
1988
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
6
Lot
1.01 ac
Current owner
From public records · entity-resolved
Island Environmental Pest Control O
Individual
Mailing address
3735 SHARES PL, RIVIERA BEACH, FL 33404-1701
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2021
$2,850,000
Island Environmental Pest Control O
Florida Arm Holding 2 LLC
Warranty Deed
$1,282,500 · Professional Bank
Aug 26, 2019
$1,637,500
Florida Arm Holding 2 LLC
Hunter Industries INC
Special Warranty Deed
$837,500 · First Republic Bank
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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