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Property profile & analytics
OFF-MARKET
Estimated value
$4,280,000
Warehouses
3895 Westroads Dr Riviera Beach, FL 33407-1234
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US19-0750558
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1980
Construction
CONCRETE
Total area
15,040 SF
Lot
3.09 ac (134,705 SF)
Zoning code
IG
APN
56-42-42-36-15-001-0000
UPID
US19-0750558
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
$4.86M
Blend (final)
Blend
$4.28M
Owner & transaction history
Gator State Storage Wpb LLC · 9 yrs held
Gator State Storage Wpb LLC
since 2016
7 recorded transactions
Zoning & alternative use
IG · Riviera Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.4M
+11.5%
Industrial (general)
$6.3M
+8.9%
Retail stores
$6.2M
+8.2%
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 Riviera Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riviera 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,765,000
Current use
COMMERCIAL (GENERAL)
$6,430,000
Change: +11% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,280,000
Change: +9% · Conversion: Easy
RETAIL STORES
$6,240,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$4.28M
Range $3.85M – $4.71M · ±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
$285 / 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
$98,512
Tax year 2023
Assessed value
$6,037,695
Assessed 2023
Previous assessed
$4,113,473
+46.8% YoY
Effective rate
1.63%
On assessed value
Assessed land
$992,768
Assessed improvement
$5,044,927
Land market value
$992,768
Improvement market value
$5,044,927
Total market value
$6,037,695
Applied tax rate
56,407.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
3
Stories
2
Total area
15,040 SF
Lot
3.09 ac (134,705 SF)
Zoning code
IG
APN
56-42-42-36-15-001-0000
UPID
US19-0750558
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IG · Riviera Beach, FL
Zoning IG · permitted uses
IG · Riviera Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riviera Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$6.4M
INDUSTRIAL (GENERAL)
Est. value
$6.3M
RETAIL STORES
Est. value
$6.2M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1980
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Lot
3.09 ac
Current owner
From public records · entity-resolved
Gator State Storage Wpb LLC
Entity
Mailing address
PO BOX 27596, MINNEAPOLIS, MN 55427-0596
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2018
—
Gator State Storage Wpb LLC
—
Deed
related
$548,200 · First Bank Financial Centre
Jan 11, 2018
—
Gator State Storage Wpb LLC
—
Deed
related
$1,283,336 · Florida Cmnty Bk NA
Nov 10, 2016
$2,700,000
Gator State Storage Wpb LLC
Tampa Acres One LLC
Special Warranty Deed
$2,809 · Florida Community Bank NA
Sep 6, 2012
$1,400,000
Tampa Acres One LLC
Metro Storage East LLC
Quit Claim Deed
related
—
Mar 23, 2010
$114,675
Metro Storage East LLC
Apf Wo 25 LP
Deed
—
Sep 5, 2006
$3,123,473
Apf Wo 25 LP
Css West Palm Beach Ltd
Special Warranty Deed
$66,400,000 · Barclays Capital Real Estate INC
Aug 6, 1997
$1,460,000
Css-west Palm Beach Ltd
Regency Savings Bank Fsb
Grant Deed
—
—
—
Gator State Storage Wpb LLC
—
Loan Modification
related
$1,283,336 · Florida Cmnty Bk NA
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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