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Property profile & analytics
OFF-MARKET
Estimated value
$1,390,000
Bars & Pubs
4458 Purdy Ln West Palm Beach, FL 33406-7564
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3222760
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1971
Construction
CONCRETE
Total area
7,538 SF
Lot
0.62 ac (26,990 SF)
Zoning code
UI
APN
00-42-44-13-02-001-0210
UPID
US18-3222760
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
-
The Rose Gentleman's Club Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.39M
Owner & transaction history
Imtiaz Ahmed · 5 yrs held
Imtiaz Ahmed
since 2020
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
UI · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,705,000
ML approach
$1,755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,995,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,930,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,785,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,760,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,520,000
Change: 0% · Conversion: Difficult
RESTAURANT
$1,335,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,235,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.39M
Range $1.25M – $1.53M · ±10% · vs last sale $1.05M (Oct 16 2020)
Last sale anchor
$1.05M
Oct 16 2020
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
$184 / 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
$24,856
Tax year 2023
Assessed value
$1,158,332
Assessed 2023
Previous assessed
$941,166
+23.1% YoY
Effective rate
2.15%
On assessed value
Assessed land
$404,835
Assessed improvement
$753,497
Land market value
$404,835
Improvement market value
$753,497
Total market value
$1,158,332
Applied tax rate
203.0000
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1971
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
7,538 SF
Lot
0.62 ac (26,990 SF)
Zoning code
UI
APN
00-42-44-13-02-001-0210
UPID
US18-3222760
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
UI · West Palm Beach, FL
Zoning UI · permitted uses
UI · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.5M
RESTAURANT
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RESTAURANT
INDUSTRIAL (GENERAL)
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
1971
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Imtiaz Ahmed
Individual
Mailing address
2826 WATERS EDGE CIR, GREENACRES, FL 33413-2157
Ownership since
2020
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
Oct 16, 2020
$1,047,610
Imtiaz Ahmed
Incol II LLC
Grant Deed
—
Oct 16, 2020
—
Zmaq Corp LLC
Imtiaz Ahmed
Quit Claim Deed
related
—
Mar 5, 2020
—
Incol II LLC
—
Deed
related
$1,177,937 · Imtiaz & Mujahed Ahmed
Mar 8, 2018
—
Incol II LLC
Incol LLC
Quit Claim Deed
related
$850,000 · Imtiaz & Mujahed Ahmed
Nov 28, 2017
$850,000
Incol LLC
Purdy Lane INC
Warranty Deed
$850,000 · Imtiaz & Mujahed Ahmed
—
—
Incol II LLC
—
Loan Modification
related
$1,177,937 · Imtiaz & Mujahed Ahmed
—
—
Purdy Lane INC
—
Deed Of Trust
related
$200,000 · Individual
—
—
Purdy Lane INC
—
Deed Of Trust
related
$425,000 · Security Bank
—
—
Purdy Lane INC
—
Deed Of Trust
related
$218,114 · Security Bank
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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