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Property profile & analytics
OFF-MARKET
Industrial land
3rd Ave West Palm Beach, FL 33401
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-7251529
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
0.02 ac (919 SF)
Zoning code
NWD-8
APN
74-43-43-21-06-036-0030
UPID
US18-7251529
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
FLORIDA EAST COAST RAILWAY LLC LESSOR
FLORIDA EAST COAST RAILWAY LLC LESSOR
Zoning & alternative use
NWD-8 · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the NWD is to preserve its existing residential scale and provide for open space created through setback requirements, the historic character of the district shall be preserved and enhanced through rehabilitation and adaptive reuse for commercial, low scale multifamily, and mixed uses along Tamarind Avenue, Rosemary Avenue, and Palm Beach Lakes…
Zone name
Northwest Neighborhood District 8
General category
MIXED_USE
Zone area
10.42 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$170
Tax year 2023
Assessed value
$8,583
Assessed 2023
Previous assessed
$7,802
+10.0% YoY
Effective rate
1.98%
On assessed value
Assessed land
$8,583
Land market value
$8,583
Total market value
$8,583
Applied tax rate
74,407.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
0.02 ac (919 SF)
Zoning code
NWD-8
APN
74-43-43-21-06-036-0030
UPID
US18-7251529
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
NWD-8 · West Palm Beach, FLZoning NWD-8 · permitted uses
NWD-8 · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the NWD is to preserve its existing residential scale and provide for open space created through setback requirements, the historic character of the district shall be preserved and enhanced through rehabilitation and adaptive reuse for commercial, low scale multifamily, and mixed uses along Tamarind Avenue, Rosemary Avenue, and Palm Beach Lakes Boulevard, infill housing is encouraged as an opportunity to promote attainable and workforce housing options
Zone name
Northwest Neighborhood District 8
General category
MIXED_USE
Zone area
10.42 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.02 ac
Current owner
From public records · entity-resolved
FLORIDA EAST COAST RAILWAY LLC LESSOR
Entity
Free & Clear · 0 yrs held
Mailing address
7150 PHILIPS HWY, JACKSONVILLE, FL 32256-6802
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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