Individually Owned 
For Lease
1 / 8
Contact for pricing
4249 Westroads Dr, Riviera Beach, FL 33407
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Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1979
Construction
CONCRETE
Total area
9,300 SF
Lot
1.74 ac (75,794 SF)
Zoning code
IG
APN
56-42-42-36-02-002-0010
UPID
US18-3514370
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hardware & Home Improvement Building Supply
-
Law Firm
-
Auto Repair Shop
-
Auto Repair Shop
-
Auto Repair Shop
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.02M
Owner & transaction history
since 2025
Last sale
$4.8M
5 recorded transactions
Zoning & alternative use
IG · Riviera Beach, FL
General category
INDUSTRIAL
Top alternative use upside
Restaurant
$7.1M
+78.9%
Apartment house (5+ units)
$5.5M
+39.3%
Medical building
$5.0M
+26.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 7 comparables with addresses
8 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.02M
Value range
$3.61M – $4.42M
±10% around blend
Estimated value / SF
$432 / SF
Confidence
High
7 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
70
Income certainty
100
$3.61M
blend $4.02M
$4.42M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,300 SF
Lot area
1.74 ac
Year built
1979
Stories
1
APN
56-42-42-36-02-002-0010
Zoning
IG
Assessed value
$2,641,914
Annual tax
$56,867
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$56,867
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.74M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.1 mi away · 7,492 SF
2.3 mi away · 9,242 SF
4.3 mi away · 10,080 SF
12.3 mi away · 8,199 SF
12.3 mi away · 6,800 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.02M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 72 sales
$427
+1%
Submarket 370 sales
$389
+11%
County 866 sales
$470
-8%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $432/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+79%
vs current-use indication
Apartment House (5+ Units)
Medical Building
Auto Repair, Garage
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
3.50%
Selected cap rate for this showrooms
Derived from the Riviera Beach market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.50%
9.0%
NOI (est.)
$294k *
Last sale · Mar 2025
$4.79M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$8.39M
Move the market yield to see immediate price impact.
Value / SF
$902
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.00%3.50%4.00%
$264k
$8.81M
$7.55M
$6.61M
$294k
$9.79M
$8.39M
$7.34M
$323k
$10.77M
$9.23M
$8.08M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$2.70M
0.8 mi · Dec 2025 · $230/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$56,867
Tax year 2023
Assessed value
$2,641,914
Assessed 2023
Previous assessed
$2,329,095
+13.4% YoY
Effective rate
2.15%
On assessed value
Assessed land
$776,878
Assessed improvement
$1,865,036
Land market value
$776,878
Improvement market value
$1,865,036
Total market value
$2,641,914
Applied tax rate
56,407.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1979
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Total area
9,300 SF
Lot
1.74 ac (75,794 SF)
Zoning code
IG
APN
56-42-42-36-02-002-0010
UPID
US18-3514370
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IG · Riviera Beach, FLZoning IG · permitted uses
IG · Riviera Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
General category
INDUSTRIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
1.74 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
IG
INDUSTRIAL
Jurisdiction
Riviera Beach, FL
Recorded code
IG
Official district
IG
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IG in Riviera Beach, FL.
What opens after registration
Zoning profile
District factsZone name, category and district area
Cited sourceThe exact document the profile quotes
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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