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Property profile & analytics
OFF-MARKET
Estimated value
$20,000,000
High-rise multifamily apartments
3907 Flagler Dr West Palm Beach, FL 33405-2354
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5623118
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1972
Construction
CONCRETE
Total area
13,338 SF
Lot
0.58 ac (25,378 SF)
Zoning code
MF32
APN
74-43-44-03-01-000-0082
UPID
US18-5623118
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
$20.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.00M
Owner & transaction history
Wpb S Flagler Owner LLC · 1 yrs held
Wpb S Flagler Owner LLC
since 2024
Last sale
$20.0M
7 recorded transactions
Zoning & alternative use
MF32 · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Sec. 94-77. - Multifamily high density (MF32) residential district. Sec. 94-78. - Historic residential districts. Sec. 94-79. - Historic residential design standards. Sec. 94-80. - Historic single-family low density residential, context 4 (SF7-C4).
Zone name
Multifamily High Density Residential
General category
RESIDENTIAL
Zone area
372.01 ac
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
$20,000,000
ML approach
$20,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$20.00M
Range $18.00M – $22.00M · ±10% · vs last sale $20.00M (Nov 26 2024)
Last sale anchor
$20.00M
Nov 26 2024
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
$1,499 / 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
$52,566
Tax year 2023
Assessed value
$2,382,848
Assessed 2023
Previous assessed
$2,277,060
+4.6% YoY
Effective rate
2.21%
On assessed value
Assessed land
$1,304,280
Assessed improvement
$1,078,568
Land market value
$1,304,280
Improvement market value
$1,078,568
Total market value
$2,382,848
Applied tax rate
74,402.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
5
Units
17
Rooms
20
Bathrooms
11
Total area
13,338 SF
Lot
0.58 ac (25,378 SF)
Zoning code
MF32
APN
74-43-44-03-01-000-0082
UPID
US18-5623118
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MF32 · West Palm Beach, FLZoning MF32 · permitted uses
MF32 · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Sec. 94-77. - Multifamily high density (MF32) residential district. Sec. 94-78. - Historic residential districts. Sec. 94-79. - Historic residential design standards. Sec. 94-80. - Historic single-family low density residential, context 4 (SF7-C4).
Zone name
Multifamily High Density Residential
General category
RESIDENTIAL
Zone area
372.01 ac
Building & site characteristics
From public records
Year built
1972
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
5
Buildings
2
Units
17
Rooms
20
Bathrooms
11
Lot
0.58 ac
Current owner
From public records · entity-resolved
Wpb S Flagler Owner LLC
Entity
Mailing address
40 CUTTERMILL RD STE #206, GREAT NECK, NY 11021-3213
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2024
$20,000,000
Wpb S Flagler Owner LLC
Flagler Wpb Owner LLC
Special Warranty Deed
$11,000,000 · Emg Transfer Agent LLC
May 16, 2016
—
Flagler Wpb Owner LLC
—
Deed
related
$2,767,523 · Us Century Bk
Sep 18, 2013
$3,350,000
Vuppn Flagler LLC
Flagler/washington Properties LLC
Warranty Deed
$1,750,000 · Wells Fargo Bank NA
Jun 28, 2012
—
Diplomat Apartments LLC
Stratton,leaword G III
Warranty Deed
—
Aug 4, 2010
—
Diplomat Apartments LLC
Stratton,elizabeth B
Warranty Deed
—
Jul 21, 2010
—
Leaword G Stratton III
Stratton Leaword G JR Trust
Quit Claim Deed
related
—
—
—
Flagler Wpb Owner LLC
—
Loan Modification
related
$2,767,523 · Us Century Bk
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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