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Property profile & analytics
OFF-MARKET
Estimated value
$2,090,000
Retail space
412 Clematis St West Palm Beach, FL 33401-5312
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US19-0587626
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1949
Construction
CONCRETE
Total area
3,445 SF
Lot
0.11 ac (4,591 SF)
Zoning code
CWD-CD
APN
74-43-43-21-01-017-0021
UPID
US19-0587626
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
-
Field of Greens - West Palm Beach Restaurant
-
West Palm Beach Garage Door Repair Service Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.09M
Owner & transaction history
412 Clematis Ventures LLC · 3 yrs held
412 Clematis Ventures LLC
since 2022
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
CWD-CD · 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
$2,175,000
ML approach
$2,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,975,000
Current use
MEDICAL BUILDING
$1,865,000
Change: -6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,815,000
Change: -8% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,775,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$2.09M
Range $1.88M – $2.30M · ±10% · vs last sale $2.00M (Oct 25 2022)
Last sale anchor
$2.00M
Oct 25 2022
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
$607 / 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
$37,518
Tax year 2023
Assessed value
$1,533,670
Assessed 2023
Previous assessed
$1,182,030
+29.7% YoY
Effective rate
2.45%
On assessed value
Assessed land
$734,400
Assessed improvement
$799,270
Land market value
$734,400
Improvement market value
$799,270
Total market value
$1,533,670
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1949
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
3,445 SF
Lot
0.11 ac (4,591 SF)
Zoning code
CWD-CD
APN
74-43-43-21-01-017-0021
UPID
US19-0587626
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CWD-CD · West Palm Beach, FL
Zoning CWD-CD · permitted uses
CWD-CD · 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
RETAIL STORES Current
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1949
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
412 Clematis Ventures LLC
Entity
Mailing address
3415 N FLAGLER DR, WEST PALM BEACH, FL 33407-4917
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2022
$2,000,000
412 Clematis Ventures LLC
Fog Re LLC
Warranty Deed
$1,500,000 · Anchor Bank
Jan 19, 2018
$1,200,000
Big Dog Restaurant Group LLC
Clematis 416 LLC
Warranty Deed
$900,000 · Centennial Bk
Dec 27, 2006
—
Clematis 416 LLC
—
Deed Of Trust
related
$3,000,000 · Enterprise Nat'l Bank Palm Bea
Feb 24, 2006
$2,800,000
Clematis 416 LLC
Cardaci,philip
Grant Deed
—
Aug 14, 1997
$250,000
Philip Cardaci
Cates,r S & Daryl M
Grant Deed
—
Jan 8, 1997
$250,000
Cates R S
Wolfe,gaye A
Grant Deed
$175,000 · Seller
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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