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Property profile & analytics
OFF-MARKET
Estimated value
$3,465,000
Industrial properties
4201 Westgate Ave West Palm Beach, FL 33409-4719
Entity Owned
19-yr Hold
Free & Clear
Property ID
US18-4593852
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2000
Construction
CONCRETE
Total area
10,792 SF
Lot
1.63 ac (71,003 SF)
Zoning code
CG
APN
00-42-43-25-00-000-1050
UPID
US18-4593852
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
-
Runway Clothes Consignment Marketing & Advertising IT Consulting Firm
-
Travel With Sue-Z Travel Agency
-
Emerald Scorpion Soccer League Sports School Sports Field & Court
-
Enterprise Seamless Gutters Hardware & Home Improvement General Contractor
-
La Guia News Advertising Agency Newspaper & Magazine
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.52M
Comparable Approach
Comparable
$3.79M
Blend (final)
Blend
$3.47M
Owner & transaction history
4201 WESTGATE AVENUE LLC
4201 WESTGATE AVENUE LLC
Zoning & alternative use
CG · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.6M
+41.8%
Industrial (general)
$4.5M
+15.0%
Retail stores
$4.5M
+14.4%
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%
$2,730,000
6.5%
$2,520,000
7%
$2,340,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,915,000
Current use
AUTO REPAIR, GARAGE
$5,555,000
Change: +42% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,505,000
Change: +15% · Conversion: Moderate
RETAIL STORES
$4,480,000
Change: +14% · Conversion: Easy
WAREHOUSE, STORAGE
$4,290,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$3.47M
Range $3.12M – $3.81M · ±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
$321 / 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
$47,033
Tax year 2023
Assessed value
$2,972,116
Assessed 2023
Previous assessed
$2,763,062
+7.6% YoY
Effective rate
1.58%
On assessed value
Assessed land
$970,733
Assessed improvement
$2,001,383
Land market value
$970,733
Improvement market value
$2,001,383
Total market value
$2,972,116
Applied tax rate
197.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
10,792 SF
Lot
1.63 ac (71,003 SF)
Zoning code
CG
APN
00-42-43-25-00-000-1050
UPID
US18-4593852
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · West Palm Beach, FL
Zoning CG · permitted uses
CG · 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
COMMERCIAL (GENERAL) Current
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$5.6M
INDUSTRIAL (GENERAL)
Est. value
$4.5M
RETAIL STORES
Est. value
$4.5M
WAREHOUSE, STORAGE
Est. value
$4.3M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2000
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.63 ac
Current owner
From public records · entity-resolved
4201 WESTGATE AVENUE LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4201 WESTGATE AVE STE A17, WEST PALM BEACH, FL 33409-4778
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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