Property profile

440 Royal Palm Way Palm Beach, FL 33480

OFF-MARKET
Parking lots & garages
Property ID
US18-4482819
15,236 SF 1.38 ac lot Built 1986
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1986
Construction STEEL FRAME
Total area 15,236 SF
Lot 1.38 ac (60,000 SF)
Zoning code C-OPI
APN 50-43-43-23-05-023-0520
UPID US18-4482819

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
  • Law Firm
  • Law Firm
  • (Bike/Boat/Book/etc) Store
  • Postal Service Courier Service
  • Financial Advisor

Location

440 Royal Palm Way Palm Beach, FL 33480-4138
Palm Beach metro Census 3513 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$40.12M

Owner & transaction history

since 2021
Last sale
$37.8M
3 recorded transactions
2021
$37.8M
2020
$38.5M
2011
Price N/A

Zoning & alternative use

C-OPI · Palm Beach, FL
Zoning description

The purpose of the C-OPI office, professional and institutional district is to provide locations for administrative, professional business and institutional offices which are adequate for the town's needs and convenient…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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