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Property profile & analytics
OFF-MARKET
Estimated value
$12,985,000
Industrial properties
422 7th St West Palm Beach, FL 33401-3922
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-0477320
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2000
Construction
CONCRETE
Total area
56,382 SF
Lot
1.22 ac (53,017 SF)
Zoning code
NORA-5
APN
74-43-43-21-06-001-0080
UPID
US18-0477320
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
-
idealnutrition sofla Corporate Office
-
Prime Storage Storage Facility
-
Palm Beach Barber Studio Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.17M
Comparable Approach
Comparable
$17.46M
Blend (final)
Blend
$12.99M
Owner & transaction history
Prime Storage West Palm Bch Ll · 8 yrs held
Prime Storage West Palm Bch Ll
since 2017
7 recorded transactions
Zoning & alternative use
NORA-5 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$14,265,000
6.5%
$13,165,000
7%
$12,225,000
Blend value · Realmo final
$12.99M
Range $11.69M – $14.28M · ±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
$230 / 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
$164,526
Tax year 2023
Assessed value
$8,244,605
Assessed 2023
Previous assessed
$7,331,797
+12.4% YoY
Effective rate
2.00%
On assessed value
Assessed land
$950,058
Assessed improvement
$7,294,547
Land market value
$950,058
Improvement market value
$7,294,547
Total market value
$8,244,605
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
56,382 SF
Lot
1.22 ac (53,017 SF)
Zoning code
NORA-5
APN
74-43-43-21-06-001-0080
UPID
US18-0477320
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
NORA-5 · West Palm Beach, FL
Zoning NORA-5 · permitted uses
NORA-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.
Building & site characteristics
From public records
Year built
2000
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.22 ac
Current owner
From public records · entity-resolved
Prime Storage West Palm Bch Ll
Individual
Mailing address
PO BOX 480, SARATOGA SPRINGS, NY 12866-0480
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2023
—
Prime Storage West Palm Beach LLC
—
Deed
related
$470,000,000 · Citi Real Estate Funding INC
Mar 15, 2022
—
Prime Storage West Palm Beach LLC
—
Deed
related
$475,000,000 · Citibank NA
Sep 6, 2019
—
Citi R & E Fndg INC
—
Deed
related
—
Jun 7, 2019
—
Prime Storage W Palm Bch LLC
—
Deed
related
$219,000 · Citi R/e Fndg INC
Jan 9, 2018
—
Prime Storage West Palm Bch Ll
—
Loan Modification
related
$11,800,000 · Arbor Realty SR
Dec 29, 2017
$7,103,595
Prime Storage West Palm Bch Ll
Burlington Self Storage Of West P
Warranty Deed
—
Aug 15, 2016
—
Burlington Self Storage Of West P
—
Deed
related
$8,500,000 · Belmont Svgs Bk
Aug 23, 2011
—
Burlington Self Storage Of West P
—
Deed Of Trust
related
$4,461,000 · General Electric Capital Corp
Apr 23, 2003
$4,800,000
Burlington Self Storage Of Wpb
Downtown Business Park Assoc
Grant Deed
$3,312,000 · General Electric Capital Corp
Dec 22, 1998
$420,000
Downtown Business Park Assoc
Village Of Soutrhern Roses INC
Grant Deed
—
Sep 8, 1997
$325,000
Village Of Southern Roses INC
Rinker Materials Corp
Grant Deed
—
—
—
Prime Storage W Palm Bch LLC
—
Loan Modification
related
$219,000 · Citi R/e Fndg INC
—
—
Citi R & E Fndg INC
—
Loan Modification
related
—
—
—
Burlington Self Storage Of West P
—
Deed Of Trust
related
$8,500,000 · Belmont Svgs 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.
Try Rey
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