4412 Wastewater Way West Palm Beach, FL 33417
Individually Owned
Free & Clear
Estimated value (blended)
$3.39M
Range $3.05M – $3.72M (±10%)
Property ID
US18-6118399
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2018
Construction
CONCRETE
Total area
11,182 SF
Lot
126.98 ac (5,531,053 SF)
Zoning code
UT
APN
74-42-43-11-01-004-0010
UPID
US18-6118399
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.61M
Comparable Approach
Comparable
$3.09M
Blend (final)
Blend
$3.39M
Owner & transaction history
Zoning & alternative use
UT · West Palm Beach, FL
Zoning description
. 94-204. - Recreation and open space (ROS) district. Sec. 94-205. - Conservation (CON) district. Sec. 94-206. - Planned community (PC) district. Sec. 94-207. - Planned development (PD) district. Sec. 94-208. - Utility (…
General category
UNKNOWN
Top alternative use upside
Industrial (general)
$4.7M
+7.4%
Retail stores
$4.6M
+6.8%
Warehouse, storage
$4.4M
+2.4%
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.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.39M
Value range
$3.05M – $3.72M
±10% around blend
Estimated value / SF
$303 / SF
Confidence
High
6 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
60
$3.05M
blend $3.39M
$3.72M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,182 SF
Lot area
126.98 ac
Year built
2018
Stories
1
APN
74-42-43-11-01-004-0010
Assessed value
$12,461,086
Annual tax
$9,067
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.61M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.83M
@ 6.5% CAP return
$2.61M
@ 7% CAP return
$2.43M
4
Sales comparison
Partial preview
Sales approach indication
$4.18M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.1 mi away · 11,738 SF
3.5 mi away · 9,242 SF
4.0 mi away · 13,745 SF
4.8 mi away · 12,672 SF
7.9 mi away · 9,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.39M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 370 sales
$389
-22%
County 866 sales
$470
-36%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $303/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Industrial (general)
Gross theoretical uplift
+7%
vs current-use indication
Retail Stores
Warehouse, Storage
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
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$12.46M
Move the market yield to see immediate price impact.
Value / SF
$1,114
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
5.00%7.00%9.00%
$785k
$15.70M
$11.21M
$8.72M
$872k
$17.45M
$12.46M
$9.69M
$960k
$19.19M
$13.71M
$10.66M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$11.00M
2.9 mi · Oct 2025 · $1,091/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,067
Tax year 2023
Assessed value
$12,461,086
Assessed 2023
Previous assessed
$11,592,807
+7.5% YoY
Effective rate
0.07%
On assessed value
Assessed land
$5,332,971
Assessed improvement
$7,128,115
Land market value
$5,332,971
Improvement market value
$7,128,115
Total market value
$12,461,086
Applied tax rate
74,407.0000
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
Off-Market
Year built
2018
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
6
Stories
1
Total area
11,182 SF
Lot
126.98 ac (5,531,053 SF)
Zoning code
UT
APN
74-42-43-11-01-004-0010
UPID
US18-6118399
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
UT · West Palm Beach, FLZoning UT · permitted uses
UT · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
. 94-204. - Recreation and open space (ROS) district. Sec. 94-205. - Conservation (CON) district. Sec. 94-206. - Planned community (PC) district. Sec. 94-207. - Planned development (PD) district. Sec. 94-208. - Utility (…
General category
UNKNOWN
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
2018
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Lot
126.98 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
UT
UNKNOWN
Jurisdiction
West Palm Beach, FL
Recorded code
UT
Official district
UT
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for UT in West Palm Beach, FL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
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 · 5 · 30 · 100 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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