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Property profile & analytics
OFF-MARKET
Estimated value
$3,630,000
Warehouses
411 7th St West Palm Beach, FL 33401-3921
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2721658
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Construction
CONCRETE
Total area
29,968 SF
Lot
1.09 ac (47,528 SF)
Zoning code
BPD-5
APN
74-43-43-15-20-004-0290
UPID
US18-2721658
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
-
Vital Health Chiropractic Alternative Medicine Practice
-
East Coast Dry Cleaners Dry Cleaner Clothing Alteration Service
-
Air Fellows Hardware & Home Improvement HVAC Service
-
Texstyles Fabrics Home Decor Store Department Store
-
Palm Beach FIT Therapy Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.74M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.63M
Owner & transaction history
Prime Storage West Palm Bch Ll · 8 yrs held
Prime Storage West Palm Bch Ll
since 2017
7 recorded transactions
Zoning & alternative use
BPD-5 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,125,000
6.5%
$4,735,000
7%
$4,395,000
Blend value · Realmo final
$3.63M
Range $3.27M – $3.99M · ±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
$121 / 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
$118,479
Tax year 2023
Assessed value
$6,090,304
Assessed 2023
Previous assessed
$5,164,089
+17.9% YoY
Effective rate
1.95%
On assessed value
Assessed land
$850,680
Assessed improvement
$5,239,624
Land market value
$850,680
Improvement market value
$5,239,624
Total market value
$6,090,304
Applied tax rate
84,407.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
2
Stories
2
Total area
29,968 SF
Lot
1.09 ac (47,528 SF)
Zoning code
BPD-5
APN
74-43-43-15-20-004-0290
UPID
US18-2721658
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
BPD-5 · West Palm Beach, FL
Zoning BPD-5 · permitted uses
BPD-5 · 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.
Building & site characteristics
From public records
Year built
2000
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
1.09 ac
Current owner
From public records · entity-resolved
Prime Storage West Palm Bch Ll
Individual
Mailing address
85 RAILROAD PL, SARATOGA SPRINGS, NY 12866-2124
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2023
—
Prime Storage West Palm Beach LLC
—
Deed
related
$470,000,000 · Citi Real Estate Funding INC
Jun 7, 2019
—
Prime Storage W Palm Bch LLC
—
Deed
related
$219,000 · Citi R/e Fndg INC
Jan 9, 2018
—
Prime Storage West Palm Bch Ll
—
Loan Modification
related
$11,800,000 · Arbor Realty SR
Dec 29, 2017
$5,346,405
Prime Storage West Palm Bch Ll
Burlington Self Storage Of West P
Warranty Deed
—
Aug 15, 2016
—
Burlington Self Storage Of West P
—
Deed
related
$8,500,000 · Belmont Svgs Bk
May 26, 2005
$272,000
Gloria J Hunt
Wooster,malinda L & Jeffery S
Warranty Deed
$217,600 · Citimortgage INC
Apr 23, 2003
$4,800,000
Burlington Self Storage Of Wpb
Downtown Business Park Assoc
Grant Deed
$3,312,000 · General Electric Capital Corp
Jun 1, 1999
—
Downtown Business Park Associa
—
Grant Deed
related
$2,850,000 · Bankatlantic Fsb
Dec 22, 1998
$420,000
Downtown Business Park Assoc
Village Of Soutrhern Roses INC
Grant Deed
—
Sep 8, 1997
$325,000
Village Of Southern Roses INC
Rinker Materials Corp
Grant Deed
—
—
—
Burlington Self Storage Of West P
—
Deed Of Trust
related
$4,461,000 · General Electric Capital Corp
—
—
Prime Storage W Palm Bch LLC
—
Loan Modification
related
$219,000 · Citi R/e Fndg INC
—
—
Burlington Self Storage Of West P
—
Deed Of Trust
related
$8,500,000 · Belmont Svgs 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.
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