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Property profile & analytics
FOR LEASE
Community centers
4075 N Haverhill Rd West Palm Beach, FL 33417
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3324616
For Lease
1 / 8
$14,560,000
4075 N Haverhill Rd, West Palm Beach, FL 33417
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2003
Construction
CONCRETE
Total area
71,154 SF
Lot
8.24 ac (359,117 SF)
Zoning code
CPD
APN
74-42-43-11-01-048-0010
UPID
US18-3324616
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
-
City National Bank - Presto ATM Bank Loan Service
-
Presto! ATM at Publix® Atm
-
Publix Pharmacy at Paradise Place Pharmacy
-
Publix Super Market at Paradise Place Specialty Food Shop Supermarket
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$14.20M
CAP Approach
CAP
$17.69M
Comparable Approach
Comparable
$16.62M
Blend (final)
Blend
$14.56M
Owner & transaction history
Frep V Paradise Place LLC · 1 yrs held
Frep V Paradise Place LLC
since 2025
Last sale
$12.1M
7 recorded transactions
Zoning & alternative use
CPD · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$19,770,000
ML approach
$14,200,000
CAP Approach
CAP Return
Estimation
6%
$19,165,000
6.5%
$17,690,000
7%
$16,425,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$20,945,000
Current use
Blend value · Realmo final
$14.56M
Range $13.10M – $16.02M · ±10% · vs last sale $12.15M (Mar 4 2020)
Last sale anchor
$12.15M
Mar 4 2020
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
$205 / 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
$324,967
Tax year 2023
Assessed value
$12,404,655
Assessed 2023
Previous assessed
$12,647,853
-1.9% YoY
Effective rate
2.62%
On assessed value
Assessed land
$3,699,631
Assessed improvement
$8,705,024
Land market value
$3,699,631
Improvement market value
$8,705,024
Total market value
$12,404,655
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
2003
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
71,154 SF
Lot
8.24 ac (359,117 SF)
Zoning code
CPD
APN
74-42-43-11-01-048-0010
UPID
US18-3324616
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CPD · West Palm Beach, FL
Zoning CPD · permitted uses
CPD · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$20.9M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2003
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
8.24 ac
Current owner
From public records · entity-resolved
Frep V Paradise Place LLC
Entity
Mailing address
1111 METROPOLITAN AVE STE #700, CHARLOTTE, NC 28204-3424
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2025
—
Frep V Paradise Place LLC
Cc Paradise Place LLC
Deed
related
—
Mar 4, 2020
$11,650,000
Cc Paradise Place LLC
Paradise Place Station LLC
Grant Deed
$985,000 · Inpoint Reit Operating Ptshp L
May 14, 2018
—
Paradise Place Station LLC
—
Deed
related
$200,000,000 · Wells Fargo Bk
Aug 21, 2017
—
Paradise Place Station LLC
—
Loan Modification
related
$200,000,000 · Wells Fargo Bk
Oct 20, 2016
—
Paradise Place Station LLC
—
Deed
related
$200,000,000 · Wells Fargo Bk
Oct 11, 2016
$10,250,000
Paradise Place Station LLC
Ia West Palm Bch Paradise LLC
Grant Deed
—
Mar 9, 2010
$12,148,501
Ia West Palm Beach Paradise LLC
Ddrtc Paradise Place LLC
Special Warranty Deed
—
Mar 2, 2007
—
Ddrtc Paradise Place LLC
Inland Southeast Paradise Plac
Quit Claim Deed
related
$10,148,501 · Bank Of America
Jun 2, 2005
—
Grand Isle Fl Apartments LLC
—
Deed Of Trust
related
$50,405,000 · Key Bank NA
Jun 1, 2001
$2,200,000
Paradise Haverhill Ltd
Kassouf,lawrence
Grant Deed
$8,050,000 · Suntrust Bank Georgia
—
—
Paradise Place Station LLC
—
Loan Modification
related
$200,000,000 · Wells Fargo 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.
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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