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388 S Military Trl, West Palm Beach, FL 33406
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Property summary
AI-generated overview
This exceptional 8,500-square-foot single-tenant flex space is ideally situated on a large one-acre lot with unparalleled visibility and convenient access to Military Trail in West Palm Beach, Florida. Built in 1972, this one-story building offers a versatile layout suitable for retail, office, medical, or industrial uses, making it an excellent opportunity for a variety of businesses. The property boasts exceptional signage opportunities due to its prominent location and frontage on Military Trail. The zoning is Palm Beach County - UI. The entire 8,500 square feet is currently vacant, presenting a blank canvas for your business needs. Enjoy easy ingress and egress from the highly desirable Military Trail location. This property has been occupied by the same tenant for decades, making it a rare find in the current market. Note that the lease rate excludes utilities, property expenses, and building services. This is a unique opportunity to establish your business in a high-traffic area with significant visibility and a substantial lot size. Inquire today to learn more about this remarkable property.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1972
Construction
STEEL FRAME
Total area
8,500 SF
Lot
1.14 ac (49,724 SF)
Zoning code
UI
APN
00-42-44-01-00-000-1120
UPID
US18-0142726
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Advertising Agency Marketing & Advertising
-
Restaurant
-
Computer & Electronic Repair Tech Support Center
-
(Bike/Boat/Book/etc) Store Florist
-
Barber Shop
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.99M
Comparable Approach
Comparable
$2.51M
Blend (final)
Blend
$1.94M
Owner & transaction history
since 2017
7 recorded transactions
Zoning & alternative use
UI · West Palm Beach, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.94M
Value range
$1.75M – $2.13M
±10% around blend
Estimated value / SF
$228 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
50
$1.75M
blend $1.94M
$2.13M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,500 SF
Lot area
1.14 ac
Year built
1972
Stories
1
APN
00-42-44-01-00-000-1120
Zoning
UI
Assessed value
$1,131,409
Annual tax
$19,823
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.99M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.15M
@ 6.5% CAP return
$1.99M
@ 7% CAP return
$1.85M
4
Sales comparison
Partial preview
Sales approach indication
$3.04M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.4 mi away · 6,308 SF
6.1 mi away · 7,492 SF
6.4 mi away · 9,242 SF
7.4 mi away · 8,199 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.94M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 370 sales
$389
-41%
County 866 sales
$470
-51%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $228/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.13M
Move the market yield to see immediate price impact.
Value / SF
$133
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$71k
$1.43M
$1.02M
$792k
$79k
$1.58M
$1.13M
$880k
$87k
$1.74M
$1.24M
$968k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$11.00M
2.8 mi · Oct 2025 · $1,091/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$19,823
Tax year 2023
Assessed value
$1,131,409
Assessed 2023
Previous assessed
$1,038,222
+9.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$659,327
Assessed improvement
$472,082
Land market value
$659,327
Improvement market value
$472,082
Total market value
$1,131,409
Applied tax rate
362.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1972
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
7
Total area
8,500 SF
Lot
1.14 ac (49,724 SF)
Zoning code
UI
APN
00-42-44-01-00-000-1120
UPID
US18-0142726
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
UI · West Palm Beach, FLZoning UI · permitted uses
UI · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1972
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
7
Lot
1.14 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
UI
Jurisdiction
West Palm Beach, FL
Recorded code
UI
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for UI in West Palm Beach, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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