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Property profile & analytics
OFF-MARKET
Estimated value
$9,720,000
Industrial properties
440 Tall Pnes Rd West Palm Beach, FL 33413-1744
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-5323395
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2003
Construction
CONCRETE
Total area
28,584 SF
Lot
5.1 ac (221,982 SF)
Zoning code
IL
APN
00-42-43-27-05-005-1090
UPID
US18-5323395
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
$9.22M
CAP Approach
CAP
$6.68M
Comparable Approach
Comparable
$9.67M
Blend (final)
Blend
$9.72M
Owner & transaction history
Tall Pines Property Owner LLC · 3 yrs held
Tall Pines Property Owner LLC
since 2023
Last sale
$10.0M
5 recorded transactions
Zoning & alternative use
IL · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$15.5M
+39.3%
Auto repair, garage
$14.7M
+32.5%
Industrial (general)
$11.9M
+7.4%
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
$10,740,000
ML approach
$9,220,000
CAP Approach
CAP Return
Estimation
6%
$7,230,000
6.5%
$6,675,000
7%
$6,200,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$11,105,000
Current use
MEDICAL BUILDING
$15,470,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$14,710,000
Change: +32% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$11,930,000
Change: +7% · Conversion: Moderate
RETAIL STORES
$11,860,000
Change: +7% · Conversion: Easy
WAREHOUSE, STORAGE
$11,370,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$9.72M
Range $8.75M – $10.69M · ±10% · vs last sale $10.00M (Jan 18 2023)
Last sale anchor
$10.00M
Jan 18 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
$340 / 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
$126,909
Tax year 2023
Assessed value
$8,053,786
Assessed 2023
Previous assessed
$6,746,550
+19.4% YoY
Effective rate
1.58%
On assessed value
Assessed land
$3,107,762
Assessed improvement
$4,946,024
Land market value
$3,107,762
Improvement market value
$4,946,024
Total market value
$8,053,786
Applied tax rate
192.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
28,584 SF
Lot
5.1 ac (221,982 SF)
Zoning code
IL
APN
00-42-43-27-05-005-1090
UPID
US18-5323395
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IL · West Palm Beach, FL
Zoning IL · permitted uses
IL · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Palm Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$11.1M
MEDICAL BUILDING
Est. value
$15.5M
AUTO REPAIR, GARAGE
Est. value
$14.7M
INDUSTRIAL (GENERAL)
Est. value
$11.9M
RETAIL STORES
Est. value
$11.9M
WAREHOUSE, STORAGE
Est. value
$11.4M
COMMERCIAL (GENERAL) Current
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
2003
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
5.1 ac
Current owner
From public records · entity-resolved
Tall Pines Property Owner LLC
Entity
Mailing address
110 SE 2ND ST STE #101, DELRAY BEACH, FL 33444-3680
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2023
$10,000,000
Tall Pines Property Owner LLC
Tidal Wave Realty Corp
Special Warranty Deed
$6,900,000 · Nassau Life And Annuity Company
Jul 26, 2019
—
Tidal Wave Realty Corp
—
Deed
related
$2,000,000 · Centerstate Bk NA
—
—
Tidal Wave Realty Corp
—
Deed Of Trust
related
$3,452,192 · Perkins Randal Living Tr (pt)
—
—
Tidal Wave Realty Corp
—
Deed Of Trust
related
$2,000,000 · Centerstate Bk NA
—
—
Tidal Wave Realty Corp
—
Loan Modification
related
$2,500,000 · Perkins Randal Living Tr (pt)
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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