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Property profile & analytics
OFF-MARKET
Estimated value
$1,440,000
Warehouses
4411 45th St West Palm Beach, FL 33407-1827
Entity Owned
29-yr Hold
Free & Clear
Property ID
US18-5033833
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1998
Construction
CONCRETE
Total area
4,200 SF
Lot
6.49 ac (282,704 SF)
Zoning code
CPD
APN
74-42-43-01-00-000-1100
UPID
US18-5033833
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
-
Eastern Self Storage Storage Facility
-
Tophat Heating & Cooling Hardware & Home Improvement Home Appliance Store
-
Palm Beach Nutrition & Wellness Physician
-
Budget Truck Rental Car Rental Facility
-
Mattress Mens Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.44M
Owner & transaction history
Forty-fifth Street LLC · 29 yrs held
Forty-fifth Street LLC
since 1997
2 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
Top alternative use upside
Medical building
$2.3M
+41.1%
Auto repair, garage
$2.2M
+34.2%
Commercial (general)
$1.8M
+11.5%
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
$1,105,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,610,000
Current use
MEDICAL BUILDING
$2,275,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,160,000
Change: +34% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,795,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$1,745,000
Change: +8% · Conversion: Moderate
OFFICE BUILDING
$1,315,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±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
$343 / 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
$231,490
Tax year 2023
Assessed value
$12,815,542
Assessed 2023
Previous assessed
$12,815,542
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$2,525,639
Assessed improvement
$10,289,903
Land market value
$2,525,639
Improvement market value
$10,289,903
Total market value
$12,815,542
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
7
Stories
1
Total area
4,200 SF
Lot
6.49 ac (282,704 SF)
Zoning code
CPD
APN
74-42-43-01-00-000-1100
UPID
US18-5033833
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.3M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
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
1998
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
7
Lot
6.49 ac
Current owner
From public records · entity-resolved
Forty-fifth Street LLC
Entity
Free & Clear · 29 yrs held
Mailing address
4411 45TH ST, WEST PALM BEACH, FL 33407-1827
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 1997
$1,015,000
Forty-fifth Street LLC
Wpb Holdings INC
Trustees Deed
—
May 9, 1997
$25,000
Dudle Y Capital Corp
Wpb Holding INC
Trustees 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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