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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Banks
415 5th St, West Palm Beach, FL 33401-3903
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-7688706
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1921
Construction
WOOD
Total area
3,404 SF
Lot
0.43 ac (18,726 SF)
Zoning code
QGD-5
APN
74-43-43-21-33-000-0010
UPID
US18-7688706
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
-
National BancPac Advisory Board Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$814k
Blend (final)
Blend
$1.07M
Owner & transaction history
415 5th Street LLC · 5 yrs held
415 5th Street LLC
since 2020
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
QGD-5 · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+8.3%
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
$855,000
ML approach
$1,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$1,620,000
Current use
AUTO REPAIR, GARAGE
$1,750,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$1,430,000
Change: -12% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,355,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±10% · vs last sale $1.20M (Aug 12 2020)
Last sale anchor
$1.20M
Aug 12 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
$314 / 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
$33,899
Tax year 2023
Assessed value
$1,992,288
Assessed 2023
Previous assessed
$1,506,327
+32.3% YoY
Effective rate
1.70%
On assessed value
Assessed land
$1,287,138
Assessed improvement
$705,150
Land market value
$1,287,138
Improvement market value
$705,150
Total market value
$1,992,288
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1921
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
3,404 SF
Lot
0.43 ac (18,726 SF)
Zoning code
QGD-5
APN
74-43-43-21-33-000-0010
UPID
US18-7688706
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
QGD-5 · West Palm Beach, FL
Zoning QGD-5 · permitted uses
QGD-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.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.4M
FINANCIAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE 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
Year built
1921
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
415 5th Street LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 1088, PALM BEACH, FL 33480-1088
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2020
$1,200,000
415 5th Street LLC
Seacoast Natl Bk
Warranty Deed
—
Jan 3, 2013
$1,450,000
First Bk Of The Palm Beaches
Palm Beach Inv Group LLP
Warranty Deed
—
Mar 3, 2005
$2,400,000
Palm Beach Investment Group LLP
Richard M Scrushy Charitable Founda
Warranty Deed
$2,600,000 · Nexity Bank
—
—
Palm Beach Inv Group LLP
—
Loan Modification
related
$27,651 · First Bk/the Palm Beaches
—
—
Palm Beach Inv Group LLP
—
Loan Modification
related
$1,600,000 · First Bk/the Palm Beaches
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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