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Property profile & analytics
OFF-MARKET
Estimated value
$13,355,000
Strip malls
3899 Haverhill Rd West Palm Beach, FL 33417
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-5237651
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
CONCRETE
Total area
57,070 SF
Lot
4.87 ac (212,137 SF)
Zoning code
RS
APN
00-42-43-14-00-000-1030
UPID
US18-5237651
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
$12.89M
CAP Approach
CAP
$14.19M
Comparable Approach
Comparable
$14.69M
Blend (final)
Blend
$13.36M
Owner & transaction history
Vad Pbi Retail LLC · 4 yrs held
Vad Pbi Retail LLC
since 2021
Last sale
$12.5M
3 recorded transactions
Zoning & alternative use
RS · 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
$16,470,000
ML approach
$12,890,000
CAP Approach
CAP Return
Estimation
6%
$15,370,000
6.5%
$14,190,000
7%
$13,175,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$16,800,000
Current use
Blend value · Realmo final
$13.36M
Range $12.02M – $14.69M · ±10% · vs last sale $12.50M (Oct 25 2021)
Last sale anchor
$12.50M
Oct 25 2021
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
$234 / 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
$199,540
Tax year 2023
Assessed value
$10,968,835
Assessed 2023
Previous assessed
$10,489,413
+4.6% YoY
Effective rate
1.82%
On assessed value
Assessed land
$2,887,185
Assessed improvement
$8,081,650
Land market value
$2,887,185
Improvement market value
$8,081,650
Total market value
$10,968,835
Applied tax rate
192.0000
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
1986
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
74
Total area
57,070 SF
Lot
4.87 ac (212,137 SF)
Zoning code
RS
APN
00-42-43-14-00-000-1030
UPID
US18-5237651
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RS · West Palm Beach, FL
Zoning RS · permitted uses
RS · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$16.8M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1986
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
74
Lot
4.87 ac
Current owner
From public records · entity-resolved
Vad Pbi Retail LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3500 PIEDMONT RD NE STE #330, ATLANTA, GA 30305-1503
Ownership since
2021
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 25, 2021
$12,495,000
Vad Pbi Retail LLC
Allstate Investments INC
Warranty Deed
—
Feb 1, 2012
—
Allstate Investments INC
—
Deed Of Trust
related
$3,500,000 · First United Bank
—
—
Allstate Investments INC
—
Deed Of Trust
related
$3,500,000 · First United 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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