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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4225 45th St West Palm Beach, FL 33407-1919

    • Warehouses
    • 190,674 SF
    • 19.05 lot acres
    OFF-MARKET
    Value Estimations
    $30,115,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0299944
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Walmart Bakery / Bakery / Specialty Food Shop
    • Walmart Pet Services / Kennel & Boarding Facility
    • Walmart Home Services / Social Service Agency
    • Walmart Home Theater Installation / Electrical Service / General Contractor
    • Walmart House Cleaning Services / Hardware & Home Improvement

    Property Details for 4225 45th St

    Year built
    2009
    Construction
    CONCRETE
    Lot size
    19.05 lot acres
    Property size
    190,674 SF
    Zone code
    CPD
    Property type
    Warehouses
    APN
    74-42-43-01-00-000-1010
    APU
    74424301000001010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $35,395,000
      6.5%
      $32,675,000
      7%
      $30,340,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $30,611,000
      Market price range: $26.5M - $61.6M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1032
    Latitude
    26.7614
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $501,995
    $8,057,329
    $12,370,932
    $20,428,261
    -
    $8,057,329
    $12,370,932
    $20,428,261

    Comparable in this City

    • Value Estimation
      $4,280,000
      15,040 SF

      3895 Westroads Dr

      MINI-WAREHOUSE, STORAGE • 15,040 SF
      3895 Westroads Dr, Riviera Beach, FL 33407-1234
      View Details
    • Value Estimation
      $1,440,000
      4,200 SF

      4411 45th St

      MINI-WAREHOUSE, STORAGE • 4,200 SF
      4411 45th St, West Palm Beach, FL 33407-1827
      View Details
    • Value Estimation by Request

      5401 East Ave

      Distribution properties
      5401 East Ave, West Palm Beach, FL 33407
      View Details
    • Value Estimation by Request
      0.13 Acres

      1008 26th St

      STORAGE YARD, OPEN STORAGE • 0.13 Acres
      1008 26th St, West Palm Beach, FL 33407
      View Details
    • Value Estimation by Request
      0.28 Acres

      Columbia Cir

      STORAGE YARD, OPEN STORAGE • 0.28 Acres
      Columbia Cir, Mangonia Park, FL 33407
      View Details
    • Value Estimation by Request
      2.94 Acres

      714 25th St

      STORAGE YARD, OPEN STORAGE • 2.94 Acres
      714 25th St, West Palm Beach, FL 33407
      View Details

    Similar Nearby for Sale

    • $1,400,000
      10,460 SF

      Industrial Warehouse with Office Space

      10,460 SF industrial building with office area for sale.
      1500 53Rd St, Mangonia Park, FL 33407
      View Details
    • $1,675,000

      Unique Office/Warehouse in Dixie/NORA Corridor

      3742 SF office/warehouse with 6000 SF lot in booming area.
      408 17Th St, West Palm Beach, FL 33407
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    • $1,150,000
      3,500 SF

      Versatile Industrial Condo with Office

      2,500 SF ground floor plus 1,000 SF mezzanine.
      5401 N Haverhill Rd, West Palm Beach, FL 33407
      View Details
    • Contact for pricing
      Pending

      Freestanding Warehouse/Retail Building For Sale

      Versatile 5,500 SF building in West Palm Beach industrial area.
      900 25Th St, West Palm Beach, FL 33407
      View Details
    • $1,150,000
      3,500 SF

      West Palm Beach Warehouse - $1.15M

      3,500 SF Warehouse, Ideal Owner-User
      5401 Haverhill Rd, West Palm Beach, FL 33407
      View Details
    • Contact for pricing
      Pending

      West Palm Beach Warehouse/Retail Building

      Freestanding building with warehouse/retail space in West Palm Beach, FL.
      900 25Th St, West Palm Beach, FL 33407
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      3,200 SF

      Riviera Beach Warehouse Space

      3,200 SF warehouse space available for lease.
      4248 Westroads Dr, Riviera Beach, FL 33407
      View Details
    • $45 SF/Yr
      2,675 SF

      West Palm Beach Flex Space

      Freestanding commercial building in a rapidly growing corridor.
      2300 N Dixie Hwy, West Palm Beach, FL 33407
      View Details
    • $25 SF/Yr
      8,400 SF

      Riviera Beach Warehouse Space

      8,400 SF warehouse space available for lease.
      4200 Westroads Dr, Riviera Beach, FL 33407
      View Details
    • $4 SF/Yr
      36,000 SF

      West Palm Beach Warehouse Portfolio

      36,000 SF Warehouse, Land Available
      750 25Th St, West Palm Beach, FL 33407
      View Details
    • Contact for pricing
      114,058 SF

      Mangonia Park Warehouse Spaces Available

      Industrial warehouses for rent, convenient location near I-95.
      5470-5490 53Rd St, Mangonia Park, FL 33407
      View Details
    • Contact for pricing
      49,000 SF

      Mangonia Park Flex Warehouse Project

      Flex warehouse spaces available near I-95 and Palm Beach.
      4711 N Australian Ave, Mangonia Park, FL 33407
      View Details
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    4225 45th St
    West Palm Beach, FL 33407-1919
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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