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Property profile & analytics
OFF-MARKET
Estimated value
$1,645,000
Office buildings
390 Tequesta Dr Ste A Tequesta, FL 33469-3085
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US19-0542493
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1963
Construction
WOOD
Total area
6,330 SF
Lot
0.57 ac (24,751 SF)
Zoning code
C-1
APN
60-42-40-25-06-022-0170
UPID
US19-0542493
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
$2.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.96M
Blend (final)
Blend
$1.65M
Owner & transaction history
390 Tequesta Drive LLC · 6 yrs held
390 Tequesta Drive LLC
since 2020
Last sale
$1.3M
7 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
Top alternative use upside
Retail stores
$2.5M
+13.3%
Neighborhood: shopping center
$2.5M
+12.3%
Medical building
$2.5M
+12.0%
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
Method
Estimation
Statistic approach
$1,850,000
ML approach
$2,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,225,000
Current use
RETAIL STORES
$2,525,000
Change: +13% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,500,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$2,495,000
Change: +12% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,425,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$1.65M
Range $1.48M – $1.81M · ±10% · vs last sale $1.30M (Feb 4 2020)
Last sale anchor
$1.30M
Feb 4 2020
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
$260 / 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
$31,553
Tax year 2023
Assessed value
$1,539,013
Assessed 2023
Previous assessed
$1,454,755
+5.8% YoY
Effective rate
2.05%
On assessed value
Assessed land
$447,462
Assessed improvement
$1,091,551
Land market value
$447,462
Improvement market value
$1,091,551
Total market value
$1,539,013
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1963
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
6,330 SF
Lot
0.57 ac (24,751 SF)
Zoning code
C-1
APN
60-42-40-25-06-022-0170
UPID
US19-0542493
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.2M
RETAIL STORES
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.4M
OFFICE BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1963
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
390 Tequesta Drive LLC
Entity
Mailing address
5591 CTR ST, JUPITER, FL 33458-3941
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2020
$1,500,000
390 Tequesta Drive LLC
390 Tequesta Drive LLC
Warranty Deed
related
—
Apr 10, 2017
$1,300,000
390 Tequesta Drive LLC
My Place 722 LLC
Warranty Deed
$975,000 · Seacoast National Bank
Oct 31, 2014
—
My Place 722 LLC
My Place 722 LLC
Quit Claim Deed
related
—
Jun 3, 2014
—
My Place 722 LLC
My Place 722 LLC
Quit Claim Deed
—
Sep 19, 2007
$1,331,250
My Place 722 LLC
Highstreet Properties Associates
Warranty Deed
$531,000 · Wachovia Bank NA
Apr 7, 2004
$574,000
High Street Properties Assoc
Blue Funnel Properties LLC
Grant Deed
$430,500 · Independent Community Bank
Jul 31, 2001
$370,000
Blue Funnel Properties INC
Magyar Properties INC
Grant Deed
—
—
—
My Place 722 LLC
—
Deed Of Trust
related
$500,000 · Sebastiano Setticasi
—
—
Highstreet Properties Assocs
—
Deed Of Trust
related
$20,000 · Independent Community Bank
—
—
Highstreet Properties Assocs
—
Deed Of Trust
related
$55,000 · Independent Community Bank
—
—
Highstreet Properties Assocs
—
Deed Of Trust
related
$400,000 · Independent Community 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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