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Property profile & analytics
OFF-MARKET
Estimated value
$1,750,000
Retail space
416 Clematis St West Palm Beach, FL 33401-5312
Entity Owned
5-yr Hold
Free & Clear
Property ID
US19-0530630
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1942
Construction
WOOD
Total area
8,862 SF
Lot
0.16 ac (6,952 SF)
Zoning code
CWD-CD
APN
74-43-43-21-01-017-0022
UPID
US19-0530630
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
-
ALLleaf Medical Marijuana Education & Certification Medical Clinic
-
Opioid Dependency Clinic Physician
-
Anand M Dhanda MD Physician
-
Dr. Anand M Dhanda MD Physician Medical Clinic
-
Anand Dhanda MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.00M
CAP Approach
CAP
$1.93M
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.75M
Owner & transaction history
Fog Re LLC · 5 yrs held
Fog Re LLC
since 2021
Last sale
$1.5M
7 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
$1,975,000
ML approach
$2,000,000
CAP Approach
CAP Return
Estimation
6%
$2,090,000
6.5%
$1,925,000
7%
$1,790,000
Blend value · Realmo final
$1.75M
Range $1.58M – $1.93M · ±10% · vs last sale $1.50M (May 26 2021)
Last sale anchor
$1.50M
May 26 2021
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
$197 / 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
$42,583
Tax year 2023
Assessed value
$2,090,000
Assessed 2023
Previous assessed
$1,580,000
+32.3% YoY
Effective rate
2.04%
On assessed value
Assessed improvement
$2,090,000
Improvement market value
$2,090,000
Total market value
$2,090,000
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
1942
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
8,862 SF
Lot
0.16 ac (6,952 SF)
Zoning code
CWD-CD
APN
74-43-43-21-01-017-0022
UPID
US19-0530630
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.
Building & site characteristics
From public records
Year built
1942
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Fog Re LLC
Entity
Free & Clear · 5 yrs held
Mailing address
416 CLEMATIS ST, WEST PALM BEACH, FL 33401-5312
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2022
—
Clematis Realty Management LLC
—
Deed
related
$5,200,000 · South State Bank NA
May 26, 2021
$1,500,000
Fog Re LLC
Big Dog Restaurant Group LLC
Special Warranty Deed
—
Aug 28, 2018
$1,107,000
Florida Busn Dev Corp
Center City Pharmacy INC
Grant Deed
—
Aug 28, 2018
—
Clematis Realty Management LLC
—
Deed
related
$1,107,000 · Centennial Bk
Apr 3, 2018
$2,300,000
Clematis Realty Management LLC
Clematis 416 LLC
Warranty Deed
$1,350,000 · Centennial Bank
Mar 27, 2018
—
Operting Company
—
Deed
related
$1,350,000 · Centennial Bank
Feb 24, 2006
$2,800,000
Clematis 416 LLC
Cardaci,philip & Diane
Grant Deed
—
—
—
Clematis Realty Management LLC
—
Loan Modification
related
$1,107,000 · Centennial 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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