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Property profile & analytics
FOR LEASE
Industrial properties
407 Commerce Way, Jupiter, FL 33458
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-3867219
For Lease
1 / 2
$36 SF/Yr
407 Commerce Way, Jupiter, FL 33458
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1989
Construction
CONCRETE
Total area
14,728 SF
Lot
1.89 ac (82,503 SF)
Zoning code
I2
APN
30-42-41-02-09-002-0010
UPID
US18-3867219
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
-
Laura Noel Studios Art Gallery Professional Services
-
George A Israel Jr Inc Industrial Manufacturer Production Facility
-
RECON ROOFING, INC. Roofing Company General Contractor
-
Windowscapes Inc Hardware & Home Improvement Interior Design
-
Monahan Dumpster Rental Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.91M
Comparable Approach
Comparable
$3.87M
Blend (final)
Blend
$3.59M
Owner & transaction history
407 Commerce Way LLC · 10 yrs held
407 Commerce Way LLC
since 2015
2 recorded transactions
Zoning & alternative use
I2 · Jupiter, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.9M
+5.5%
Retail stores
$5.9M
+4.4%
Neighborhood: shopping center
$5.8M
+3.4%
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 Jupiter submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jupiter 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
by Request
CAP Approach
CAP Return
Estimation
6%
$4,235,000
6.5%
$3,910,000
7%
$3,630,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,630,000
Current use
OFFICE BUILDING
$5,940,000
Change: +6% · Conversion: Easy
RETAIL STORES
$5,875,000
Change: +4% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,820,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$5,805,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$3.59M
Range $3.23M – $3.95M · ±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
$244 / 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
$68,936
Tax year 2023
Assessed value
$3,855,631
Assessed 2023
Previous assessed
$3,482,540
+10.7% YoY
Effective rate
1.79%
On assessed value
Assessed land
$1,442,995
Assessed improvement
$2,412,636
Land market value
$1,442,995
Improvement market value
$2,412,636
Total market value
$3,855,631
Applied tax rate
30,571.0000
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 properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
For Lease
Year built
1989
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
14,728 SF
Lot
1.89 ac (82,503 SF)
Zoning code
I2
APN
30-42-41-02-09-002-0010
UPID
US18-3867219
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I2 · Jupiter, FL
Zoning I2 · permitted uses
I2 · Jupiter, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jupiter. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.6M
OFFICE BUILDING
Est. value
$5.9M
RETAIL STORES
Est. value
$5.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$5.8M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1989
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.89 ac
Current owner
From public records · entity-resolved
407 Commerce Way LLC
Entity
Mailing address
1416 OKEECHOBEE RD, WEST PALM BEACH, FL 33401-6824
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2021
—
407 Commerce Way LLC
—
Deed
related
$1,358,558 · Seacoast National Bank
Dec 17, 2015
$2,550,000
407 Commerce Way LLC
Me Mayo Construction Co INC
Warranty Deed
$1,657,500 · Me Mayo Construction Co INC
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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