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Property profile & analytics
OFF-MARKET
Estimated value
$14,105,000
Office buildings
4360 Northlake Blvd Ste 100 Palm Beach Gardens, FL 33410-6264
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-1121642
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1983
Construction
CONCRETE
Total area
34,062 SF
Lot
4.65 ac (202,497 SF)
Zoning code
CG1
APN
52-42-42-24-00-000-1430
UPID
US18-1121642
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.31M
CAP Approach
CAP
$19.49M
Comparable Approach
Comparable
$15.94M
Blend (final)
Blend
$14.11M
Owner & transaction history
Palm Beach Gardens Corporate Center · 3 yrs held
Palm Beach Gardens Corporate Center
since 2023
Last sale
$14.0M
7 recorded transactions
Zoning & alternative use
CG1 · Palm Beach Gardens, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$20.3M
+70.0%
Medical building
$18.4M
+54.5%
Auto repair, garage
$17.5M
+46.9%
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 Palm Beach Gardens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Beach Gardens 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
$12,480,000
ML approach
$9,310,000
CAP Approach
CAP Return
Estimation
6%
$21,110,000
6.5%
$19,485,000
7%
$18,095,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,935,000
Current use
APARTMENT HOUSE (5+ UNITS)
$20,285,000
Change: +70% · Conversion: Easy
MEDICAL BUILDING
$18,435,000
Change: +54% · Conversion: Easy
AUTO REPAIR, GARAGE
$17,530,000
Change: +47% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$14,220,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$14,135,000
Change: +18% · Conversion: Moderate
WAREHOUSE, STORAGE
$13,545,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$14.11M
Range $12.69M – $15.52M · ±10% · vs last sale $14.00M (Apr 19 2023)
Last sale anchor
$14.00M
Apr 19 2023
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
$414 / 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
$215,757
Tax year 2023
Assessed value
$12,016,192
Assessed 2023
Previous assessed
$10,441,736
+15.1% YoY
Effective rate
1.80%
On assessed value
Assessed land
$4,252,458
Assessed improvement
$7,763,734
Land market value
$4,252,458
Improvement market value
$7,763,734
Total market value
$12,016,192
Applied tax rate
52,401.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1983
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
34,062 SF
Lot
4.65 ac (202,497 SF)
Zoning code
CG1
APN
52-42-42-24-00-000-1430
UPID
US18-1121642
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG1 · Palm Beach Gardens, FL
Zoning CG1 · permitted uses
CG1 · Palm Beach Gardens, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Beach Gardens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$11.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.3M
MEDICAL BUILDING
Est. value
$18.4M
AUTO REPAIR, GARAGE
Est. value
$17.5M
INDUSTRIAL (GENERAL)
Est. value
$14.2M
RETAIL STORES
Est. value
$14.1M
WAREHOUSE, STORAGE
Est. value
$13.5M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1983
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
4.65 ac
Current owner
From public records · entity-resolved
Palm Beach Gardens Corporate Center
Individual
Mailing address
4651 SHERIDAN ST STE #200, HOLLYWOOD, FL 33021-3422
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2023
$14,000,000
Palm Beach Gardens Corporate Center
Palm Beach Gardens Office Park LLC
Warranty Deed
related
$9,800,000 · City National Bank Of Florida
Oct 13, 2015
$10,550,000
Palm Bch Gardens Office Park L
Summit Northlake Palm Bch LLC
Grant Deed
—
Jul 27, 2011
$10,100,000
Summit Northlake Palm Bch LLC
Cr Palm LLC
Grant Deed
—
Aug 31, 2010
$8,000,000
Cr Palm LLC
Yes Palm Beach LLC
Grant Deed
—
Aug 31, 2010
—
Cr Palm LLC
—
Deed Of Trust
related
$8,000,000 · Arbor Realty Mtg Secs #2006-1
Jul 2, 2007
$11,000,000
Yes Palm Beach LLC
Palm Beach Gardens Office Investors
Warranty Deed
$10,200,000 · Arbor Reality SR INC
Mar 11, 2002
$5,983,000
Acp Office II LLC
Acp Office I LLC
Grant Deed
related
—
Jun 11, 1999
$5,819,000
Acp Office I LLC
Highwoods\florida Holdings
Grant Deed
—
Oct 2, 1997
$5,250,000
Highwoods/florida Holdings LP
Palm Beach Gardens LP
Grant 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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