Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3788 Harwood St West Palm Beach, FL 33403-1008
    Back to Search
    Property profile & analytics

    3788 Harwood St, West Palm Beach, FL 33403-1008

    View on Map
    • Residential income homes
    • 2,214 SF
    • 2.46 lot acres
    Off-Market
    Last Sale Apr 22, 2021
    $2,388,800
    Property ID
    US18-3352088
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,345,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 3788 Harwood St

    Year built
    1987
    Construction
    WOOD
    Lot size
    2.46 lot acres
    Zone code
    RM
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    00-43-42-18-00-000-7113
    APU
    434218000007113

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 22, 2021 $2,388,800 3788 Harwood LLC Flm Roan Lane LLC Warranty Deed $6M · First Republic Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,150,000
      ML approach
      $3,190,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,842,000
      Market price range: $1.08M - $1.84M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.095
    Latitude
    26.8127
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $37,444
    $264,000
    $1,710,719
    $1,974,719
    -
    $264,000
    $1,710,719
    $1,974,719

    Comparable in this City

    • Value Estimation by Request
      520 SF

      2720 Hinda Rd

      APARTMENT HOUSE (UNDER 5 UNITS)
      2720 Hinda Rd, West Palm Beach, FL 33403-1400
      View Details
    • Value Estimation
      $2,105,000
      3,315 SF

      9194 Roan Ln

      APARTMENT HOUSE (UNDER 5 UNITS)
      9194 Roan Ln, West Palm Beach, FL 33403-1062
      View Details
    • Value Estimation
      $2,465,000
      4,075 SF

      9252 Roan Ln

      APARTMENT HOUSE (UNDER 5 UNITS)
      9252 Roan Ln, West Palm Beach, FL 33403-1028
      View Details
    • Value Estimation by Request
      13,422 SF

      932 Kalmia Dr

      Multifamily properties
      932 Kalmia Dr, West Palm Beach, FL 33403
      View Details
    • Value Estimation by Request
      5,245 SF

      227 Foresteria Dr

      Multifamily properties
      227 Foresteria Dr, West Palm Beach, FL 33403
      View Details
    • Value Estimation
      $965,000
      0.10 Acres

      Jasmine Dr

      MOBILE HOME PARK, TRAILER PARK
      Jasmine Dr, Lake Park, FL 33403
      View Details

    Similar Nearby for Sale

    • New
      $1,450,000
      2,903 SF

      Lake Park Multifamily Investment Property

      Well-maintained 5-unit apartment property near Intracoastal Waterway.
      305 Cypress Dr E, Lake Park, FL 33403
      View Details
    • $249,999

      Renovated Multifamily Property, Tenant Occupied

      Renovated multifamily property with updated systems and high cap rate.
      2886 Croton Ln, West Palm Beach, FL 33403
      View Details

    Similar Nearby for Lease

    • $0.03 SF/Yr
      8,931 SF

      Prime Retail Space, Lake Park

      8,900 SF Retail, 32 Parking Spaces
      810 Park Ave, Lake Park, FL 33403
      View Details
    • Contact for pricing
      500 SF

      Industrial Space For Rent

      Industrial property available for rent with 500 square feet.
      210 Brant Rd, Lake Park, FL 33403
      View Details
    • Contact for pricing

      Retail Space in Lake Park

      Neighborhood shopping center with strong tenants and high visibility.
      1220 Northlake Blvd, Lake Park, FL 33403
      View Details
    • $5,000 /Mo
      15,464 SF

      Lake Park Retail Space Available

      Versatile commercial space for lease in Lake Park, Florida.
      359 10Th St, Lake Park, FL 33403
      View Details
    • $30 SF/Yr
      18,762 SF

      Lake Park Flex Warehouse Space

      1,800 SF flex warehouse space available for lease.
      1300 Old Dixie Hwy, Lake Park, FL 33403
      View Details
    • Sponsored
      Contact for pricing

      Financial District

      Discover many ways to work your way in Financial District
      3801 Pga Blvd, Palm Beach Gardens, FL 33403
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3788 Harwood St
    West Palm Beach, FL 33403-1008
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3788 Harwood St, West Palm Beach, FL, 33403
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!