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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Office buildings
400 Royal Palm Way Palm Beach, FL 33480-4117
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-4019268
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
1,864 SF
Lot
0.11 ac (5,001 SF)
Zoning code
C-OPI
APN
50-43-43-23-05-001-0223
UPID
US18-4019268
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
-
Frisbie Palm Beach - The Corcoran Group Real Estate Agency
-
Harvey Capital Management Inc Financial Advisor
-
Don Todorich Real Estate Real Estate Agency
-
Wendy Bowes & William McManus Palm Beach Fine Property Real Estate Agency
-
Yary Madan with The Corcoran Group Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$738k
Blend (final)
Blend
$600k
Owner & transaction history
Kinsale Partners LLC · 8 yrs held
Kinsale Partners LLC
since 2018
1 recorded transaction
Zoning & alternative use
C-OPI · Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$920,000
+24.5%
Commercial (general)
$875,000
+18.6%
Retail stores
$745,000
+0.5%
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 Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
by Request
ML approach
$375,000
CAP Approach
CAP Return
Estimation
6%
$880,000
6.5%
$810,000
7%
$755,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$740,000
Current use
AUTO REPAIR, GARAGE
$920,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$875,000
Change: +19% · Conversion: Easy
RETAIL STORES
$745,000
Change: +1% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$735,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$735,000
Change: -1% · Conversion: Easy
WAREHOUSE, STORAGE
$635,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±10%
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
$322 / 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
$18,572
Tax year 2023
Assessed value
$1,249,456
Assessed 2023
Previous assessed
$1,160,107
+7.7% YoY
Effective rate
1.49%
On assessed value
Assessed land
$1,187,178
Assessed improvement
$62,278
Land market value
$1,187,178
Improvement market value
$62,278
Total market value
$1,249,456
Applied tax rate
50,411.0000
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
Status
Off-Market
Heating
NONE
Stories
2
Total area
1,864 SF
Lot
0.11 ac (5,001 SF)
Zoning code
C-OPI
APN
50-43-43-23-05-001-0223
UPID
US18-4019268
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-OPI · Palm Beach, FL
Zoning C-OPI · permitted uses
C-OPI · Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$920,000
COMMERCIAL (GENERAL)
Est. value
$875,000
RETAIL STORES
Est. value
$745,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$735,000
MEDICAL BUILDING
Est. value
$735,000
WAREHOUSE, STORAGE
Est. value
$635,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
Heating
NONE
Stories
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Kinsale Partners LLC
Entity
Free & Clear · 8 yrs held
Mailing address
230 S COUNTY RD, PALM BEACH, FL 33480-4202
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2018
$14,750,000
Kinsale Partners LLC
Cp 400 Royal Palm Way LLC
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.
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