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Property profile & analytics
OFF-MARKET
Estimated value
$6,070,000
Industrial properties
3805 Investment Ln West Palm Beach, FL 33404-1777
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-1160207
Property summary
AI-generated overview
This exceptional 1,800 square foot warehouse, located at 3805 Investment Lane in West Palm Beach, Florida (zip code 33404), presents a fantastic investment opportunity. The property, zoned IL and identified by APN 00434219050040050, is a single-tenant industrial space within a larger building (Building 3845, Unit #1). The layout is highly functional, featuring a reception area, two private offices, a convenient kitchen, and a full bathroom. A substantial warehouse area provides ample room for storage or operations. While the warehouse space itself does not have air conditioning, the office areas likely do (this is not explicitly stated). The property boasts ample parking for employees and clients, a significant advantage in a busy commercial area. The lot size is not currently specified. This property is ideal for a variety of businesses seeking a well-located, functional warehouse space in West Palm Beach. The property is currently available.
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1985
Construction
CONCRETE
Total area
5,086 SF
Lot
2.01 ac (87,373 SF)
Zoning code
IL
APN
00-43-42-19-05-004-0050
UPID
US18-1160207
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
-
Blue Logic IT Solutions Tech Support Center IT Consulting Firm
-
Farriss Farm, LLC Corporate Office
-
Perini Interiors Hardware & Home Improvement Interior Design
-
ProMag Air Conditioning West Palm Beach Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.07M
Owner & transaction history
Investment Lane Bays LLC · 3 yrs held
Investment Lane Bays LLC
since 2022
Last sale
$5.8M
3 recorded transactions
Zoning & alternative use
IL · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.9M
+236.7%
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
$6,310,000
ML approach
$6,365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,890,000
Change: +237% · Conversion: Difficult
Blend value · Realmo final
$6.07M
Range $5.46M – $6.68M · ±10% · vs last sale $5.80M (Oct 20 2022)
Last sale anchor
$5.80M
Oct 20 2022
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
$1,193 / 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
$71,211
Tax year 2023
Assessed value
$3,908,258
Assessed 2023
Previous assessed
$2,713,645
+44.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$873,880
Assessed improvement
$3,034,378
Land market value
$873,880
Improvement market value
$3,034,378
Total market value
$3,908,258
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
1985
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Bathrooms
4
Total area
5,086 SF
Lot
2.01 ac (87,373 SF)
Zoning code
IL
APN
00-43-42-19-05-004-0050
UPID
US18-1160207
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
RESTAURANT
Est. value
$3.9M
RESTAURANT
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
1985
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
4
Lot
2.01 ac
Current owner
From public records · entity-resolved
Investment Lane Bays LLC
Entity
Mailing address
280 NE 2ND AVE, DELRAY BEACH, FL 33444-3706
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2022
$5,800,000
Investment Lane Bays LLC
Anibal Gomez
Special Warranty Deed
$3,700,000 · First Republic Bank
Aug 7, 2019
$3,570,000
Anibal Gomez
Industrial Park INC
Warranty Deed
$2,775,000 · Industrial Park INC
—
—
Industrial Park INC
—
Deed Of Trust
related
$718,350 · Seacoast National 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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