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Property profile & analytics
OFF-MARKET
Estimated value
$4,910,000
Office buildings
400 Hibiscus St West Palm Beach, FL 33401-5822
Entity Owned
1-yr Hold
Property ID
US18-3455634
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2001
Construction
CONCRETE
Total area
11,934 SF
Lot
0.86 ac (37,305 SF)
Zoning code
QGD-10
APN
74-43-43-21-08-056-0010
UPID
US18-3455634
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
Current use
Occupant on record · Public records
-
Simple Digital Branding Marketing & Advertising
-
Arthritis Foundation National Health Foundation Association Or Organization
-
Paragon Corporate Office
-
Peter Hall 58 Artist
-
SEIU Florida Public Services Union Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.34M
CAP Approach
CAP
$6.83M
Comparable Approach
Comparable
$3.53M
Blend (final)
Blend
$4.91M
Owner & transaction history
400 Hibiscus Acquisitions LLC · 1 yrs held
400 Hibiscus Acquisitions LLC
since 2025
Last sale
$5.2M
3 recorded transactions
Zoning & alternative use
QGD-10 · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$7.1M
+41.7%
Retail stores
$6.8M
+36.3%
Medical building
$6.5M
+28.7%
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
$4,355,000
ML approach
$4,340,000
CAP Approach
CAP Return
Estimation
6%
$7,395,000
6.5%
$6,825,000
7%
$6,340,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,015,000
Current use
APARTMENT HOUSE (5+ UNITS)
$7,105,000
Change: +42% · Conversion: Easy
RETAIL STORES
$6,840,000
Change: +36% · Conversion: Moderate
MEDICAL BUILDING
$6,460,000
Change: +29% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,295,000
Change: +26% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,140,000
Change: +22% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,980,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$4.91M
Range $4.42M – $5.40M · ±10% · vs last sale $5.20M (Apr 14 2025)
Last sale anchor
$5.20M
Apr 14 2025
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
$411 / 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
$2,998
Tax year 2023
Assessed value
$6,918,659
Assessed 2023
Previous assessed
$5,858,493
+18.1% YoY
Effective rate
0.04%
On assessed value
Assessed land
$4,849,780
Assessed improvement
$2,068,879
Land market value
$4,849,780
Improvement market value
$2,068,879
Total market value
$6,918,659
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
11,934 SF
Lot
0.86 ac (37,305 SF)
Zoning code
QGD-10
APN
74-43-43-21-08-056-0010
UPID
US18-3455634
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
QGD-10 · West Palm Beach, FL
Zoning QGD-10 · permitted uses
QGD-10 · 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
OFFICE BUILDING Current
Est. value
$5.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.1M
RETAIL STORES
Est. value
$6.8M
MEDICAL BUILDING
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$6.1M
INDUSTRIAL (GENERAL)
Est. value
$5.0M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
INDUSTRIAL (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
2001
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
400 Hibiscus Acquisitions LLC
Entity
Mailing address
400 HIBISCUS ST #200, WEST PALM BEACH, FL 33401-5822
Ownership since
2025
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
Mar 13, 2026
—
400 Hibiscus Acquisitions LLC
—
Deed
related
$20,000,000 · S3 Re Perpetual Yield Funding LLC
Apr 14, 2025
$5,200,000
400 Hibiscus Acquisitions LLC
400 Hibiscus LLC
Special Warranty Deed
—
Feb 27, 1997
$407,000
Foundation Florida Arthritis
Landmark Equity Corp
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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