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Property profile & analytics
OFF-MARKET
Estimated value
$30,115,000
Warehouses
4225 45th St West Palm Beach, FL 33407-1919
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-0299944
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2009
Construction
CONCRETE
Total area
190,674 SF
Lot
19.05 ac (829,796 SF)
Zoning code
CPD
APN
74-42-43-01-00-000-1010
UPID
US18-0299944
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$32.68M
Comparable Approach
Comparable
$30.61M
Blend (final)
Blend
$30.12M
Owner & transaction history
Palm Beach County · 18 yrs held
Palm Beach County
since 2008
3 recorded transactions
Zoning & alternative use
CPD · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
111. - Parking and loading requirements. Sec. 94-112. - Alleys and public rights-of-way. Sec. 94-113. - Landscape and streetscape requirements. Sec. 94-114. - Urban core planning area. Sec. 94-115. - CityPlace district (CPD). Sec. 94-116. - ClearLake district (CLD). Sec. 94-117. - Cultural arts district (CAD). Sec. 94-118. - Quadrille garden district (QGD).…
Zone name
Commercial Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
1,034.97 ac
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%
$35,395,000
6.5%
$32,675,000
7%
$30,340,000
Blend value · Realmo final
$30.12M
Range $27.10M – $33.13M · ±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
$158 / 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
$501,995
Tax year 2023
Assessed value
$20,428,261
Assessed 2023
Previous assessed
$20,428,261
+0.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$8,057,329
Assessed improvement
$12,370,932
Land market value
$8,057,329
Improvement market value
$12,370,932
Total market value
$20,428,261
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2009
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
1
Total area
190,674 SF
Lot
19.05 ac (829,796 SF)
Zoning code
CPD
APN
74-42-43-01-00-000-1010
UPID
US18-0299944
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CPD · West Palm Beach, FLZoning CPD · permitted uses
CPD · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
111. - Parking and loading requirements. Sec. 94-112. - Alleys and public rights-of-way. Sec. 94-113. - Landscape and streetscape requirements. Sec. 94-114. - Urban core planning area. Sec. 94-115. - CityPlace district (CPD). Sec. 94-116. - ClearLake district (CLD). Sec. 94-117. - Cultural arts district (CAD). Sec. 94-118. - Quadrille garden district (QGD). Sec. 94-119. - Quadrille business district (QBD). Sec. 94-120. - Transit oriented d
Zone name
Commercial Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
1,034.97 ac
Building & site characteristics
From public records
Year built
2009
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
19.05 ac
Current owner
From public records · entity-resolved
Palm Beach County
Entity
Free & Clear · 18 yrs held
Mailing address
2001 SE 10TH ST, BENTONVILLE, AR 72712-6489
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2008
—
Palm Beach County
Wal-mart Stores East
Grant Deed
related
—
Jun 13, 2007
$9,801,673
Stores East Wal-mart
Akers Away Ltd
Grant Deed
—
May 8, 2007
$402,678
Gary I Krantz
Akers Away Ltd
Quit Claim Deed
related
—
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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