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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Strip malls
385 Tequesta Dr Tequesta, FL 33469-3064
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-4114572
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1966
Construction
WOOD
Total area
3,256 SF
Lot
0.12 ac (5,232 SF)
Zoning code
C-1
APN
60-42-40-25-10-002-0081
UPID
US18-4114572
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$580k
Owner & transaction history
Lighthouse Artcenter INC · 7 yrs held
Lighthouse Artcenter INC
since 2019
4 recorded transactions
Zoning & alternative use
C-1 · Tequesta, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the purpose and intent of the C-1 neighborhood commercial district to provide lands within the village as depicted on the official zoning map for limited retail sales and business service activities primarily designed to serve residential neighborhoods of the village.
Zone name
Commercial
General category
COMMERCIAL
Zone area
13.17 ac
Source
Realmo
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 Tequesta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tequesta 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
$178 / 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
$8,551
Tax year 2023
Assessed value
$428,587
Assessed 2023
Previous assessed
$408,418
+4.9% YoY
Effective rate
2.00%
On assessed value
Assessed land
$193,663
Assessed improvement
$234,924
Land market value
$193,663
Improvement market value
$234,924
Total market value
$428,587
Applied tax rate
60,461.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1966
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
3,256 SF
Lot
0.12 ac (5,232 SF)
Zoning code
C-1
APN
60-42-40-25-10-002-0081
UPID
US18-4114572
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-1 · Tequesta, FLZoning C-1 · permitted uses
C-1 · Tequesta, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is the purpose and intent of the C-1 neighborhood commercial district to provide lands within the village as depicted on the official zoning map for limited retail sales and business service activities primarily designed to serve residential neighborhoods of the village.
Zone name
Commercial
General category
COMMERCIAL
Zone area
13.17 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1966
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Lighthouse Artcenter INC
Entity
Mailing address
373 TEQUESTA DR, TEQUESTA, FL 33469-3027
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2019
$610,000
Lighthouse Artcenter INC
Dmt Asset Management LLC
Warranty Deed
$610,000 · Dmt Asset Mgmt LLC
May 9, 2013
$485,000
Dmt Asset Management LLC
Williams,duncan C N
Warranty Deed
—
Jan 12, 2013
—
Duncan C Nimmo-williams
Williams Nora N
Quit Claim Deed
related
—
Jan 3, 2006
—
Nora N Williams
Manning,muriel G
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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