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Property profile & analytics
FOR SALE
Showrooms
388 S Military Trl, West Palm Beach, FL 33406
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-0142726
For Sale
1 / 3
$1,940,000
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Blyndside Media Advertising Agency Marketing & Advertising
-
SMACKIN’ SMASH BURGER FOOD TRUCK Restaurant
-
fixitproz Computer & Electronic Repair Tech Support Center
-
Twins Flowers and Balloons (Bike/Boat/Book/etc) Store Florist
-
All City Mobile Barbershop Barber Shop
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
Wyndy Hills LLC · 9 yrs held
Wyndy Hills LLC
since 2017
7 recorded transactions
Zoning & alternative use
UI · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,150,000
6.5%
$1,985,000
7%
$1,845,000
Blend value · Realmo final
$1.94M
Range $1.75M – $2.13M · ±10%
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
$228 / 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
$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
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Sale
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, FL
Zoning UI · permitted uses
UI · 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.
Building & site characteristics
From public records
Year built
1972
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
7
Lot
1.14 ac
Current owner
From public records · entity-resolved
Wyndy Hills LLC
Entity
Mailing address
600 S DIXIE HWY APT #727, WEST PALM BEACH, FL 33401-5845
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2019
—
Wyndy Hill LLC
—
Deed
related
$200,000 · First Citizens Bank & Trust Co
Jan 20, 2017
$1,000,000
Wyndy Hills LLC
M & K Investments Of Palm Bch LLC
Warranty Deed
$174,223 · M&k Investments/palm Bch LLC
Oct 5, 2012
$525,000
M & K Investments Of Palm Bch LLC
388 South Military Trail LLC
Warranty Deed
$472,500 · 388 South Military Trail LLC
Sep 21, 2011
$450,000
388 South Military Trail LLC
Affordable Equipment Sales & S
Warranty Deed
—
Oct 16, 2007
—
John Bohmer
Bohmer Realty INC
Quit Claim Deed
related
—
Oct 16, 2007
$2,100,000
Equipment Sales Affordable
Bohmer,john
Warranty Deed
$1,136,000 · Cit Lending Services Corp
May 16, 2007
$1,426,100
Bohmer Realty INC
Bohmer,john B
Warranty Deed
$1,584,000 · Flagler Bank
May 15, 2006
—
John B Bohmer
—
Trustees Deed
related
$1,000,000 · Flagler Bank
Feb 26, 2003
$600,000
John B Bohmer
Beecham,tr
Grant Deed
$300,000 · Flagler 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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