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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Retail space
419 Northwood Rd West Palm Beach, FL 33407-5815
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-0885451
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1953
Construction
WOOD
Total area
1,325 SF
Lot
0.14 ac (6,077 SF)
Zoning code
NMUD-TR
APN
74-43-43-09-05-051-0360
UPID
US18-0885451
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
-
Row House Shop and Interiors Interior Design Home Decor Store
-
Eralyn Interiors, LLC Interior Design Home Decor Store
-
Row House Interiors Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$425k
Blend (final)
Blend
$520k
Owner & transaction history
Columbia Northwood LLC · 8 yrs held
Columbia Northwood LLC
since 2018
6 recorded transactions
Zoning & alternative use
NMUD-TR · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$715,000
+30.4%
Auto repair, garage
$680,000
+24.0%
Commercial (general)
$565,000
+3.0%
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
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$550,000
Current use
MEDICAL BUILDING
$715,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$680,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$565,000
Change: +3% · Conversion: Easy
WAREHOUSE, STORAGE
$510,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$392 / 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
$24,939
Tax year 2023
Assessed value
$1,146,235
Assessed 2023
Previous assessed
$1,075,711
+6.6% YoY
Effective rate
2.18%
On assessed value
Assessed land
$273,375
Assessed improvement
$872,860
Land market value
$273,375
Improvement market value
$872,860
Total market value
$1,146,235
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1953
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
1,325 SF
Lot
0.14 ac (6,077 SF)
Zoning code
NMUD-TR
APN
74-43-43-09-05-051-0360
UPID
US18-0885451
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
NMUD-TR · West Palm Beach, FL
Zoning NMUD-TR · permitted uses
NMUD-TR · 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
$550,000
MEDICAL BUILDING
Est. value
$715,000
AUTO REPAIR, GARAGE
Est. value
$680,000
COMMERCIAL (GENERAL)
Est. value
$565,000
WAREHOUSE, STORAGE
Est. value
$510,000
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1953
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
Columbia Northwood LLC
Entity
Mailing address
4300 NW 24TH WAY, BOCA RATON, FL 33431-8430
Ownership since
2018
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
Mar 29, 2018
$1,150,000
Columbia Northwood LLC
401 Northwood Road LLC
Warranty Deed
$1,610,000 · Us Century Bank
Mar 7, 2016
$1,300,000
401 Northwood Road LLC
Pipper LLC
Warranty Deed
—
Nov 28, 2011
$330,000
Pipper LLC
World Famous Restaurant INC
Warranty Deed
—
Sep 27, 2011
—
Pipper LLC
World Famous Restaurant INC
Grant Deed
related
—
Feb 10, 1999
$300,000
World Famous Restaurant INC
Streets,judith W
Grant Deed
$203,000 · Upland Mortgage
—
—
World Famous Restaurant INC
—
Deed Of Trust
related
$5,000 · Wingate Corp
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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