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Property profile & analytics
OFF-MARKET
Estimated value
$1,530,000
Auto shops
4476 Park Ln Palm Springs, FL 33406-7558
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US18-4782758
Property summary
AI-generated overview
This exceptional 1.069-acre commercial land parcel, located at 4476 Park Ln in West Palm Beach, Florida (zip code 33406), presents a unique redevelopment opportunity. Zoned CG Commercial General (2700 Auto Sales- Palm Springs), this property is ideally suited for a variety of auto-related businesses, including a gas station and convenience store. The asking price is $5,000,000. Lenders are prepped and ready to review financing options for qualified buyers. The property's location in Palm Beach County offers excellent visibility and accessibility, situated near an existing Cumberland Farms gas station, indicating strong market demand. This established location, previously home to a local automotive business since 1992, provides a solid foundation for a new venture. The substantial lot size allows for ample space to develop a comprehensive facility, incorporating additional services beyond a standard gas station. This is a turnkey opportunity for a national brand or an ambitious entrepreneur seeking to capitalize on a prime location in a thriving market. The property is owned by Park Lane Enterprises LLC. The latitude and longitude coordinates are 26.6365648, -80.1116502 respectively.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1987
Construction
CONCRETE
Total area
5,000 SF
Lot
1.07 ac (46,596 SF)
Zoning code
CG
APN
70-42-44-13-00-000-5030
UPID
US18-4782758
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.53M
Owner & transaction history
Park Lane Ents LLC · 20 yrs held
Park Lane Ents LLC
since 2006
3 recorded transactions
Zoning & alternative use
CG · Palm Springs, 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 Palm Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Springs 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,085,000
Change: -19% · Conversion: Easy
RETAIL STORES
$2,075,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.53M
Range $1.38M – $1.68M · ±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
$306 / 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
$30,130
Tax year 2023
Assessed value
$1,490,039
Assessed 2023
Previous assessed
$1,370,290
+8.7% YoY
Effective rate
2.02%
On assessed value
Assessed land
$613,682
Assessed improvement
$876,357
Land market value
$613,682
Improvement market value
$876,357
Total market value
$1,490,039
Applied tax rate
70,453.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Bathrooms
4
Total area
5,000 SF
Lot
1.07 ac (46,596 SF)
Zoning code
CG
APN
70-42-44-13-00-000-5030
UPID
US18-4782758
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · Palm Springs, FL
Zoning CG · permitted uses
CG · Palm Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES
Est. value
$2.1M
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1987
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
4
Lot
1.07 ac
Current owner
From public records · entity-resolved
Park Lane Ents LLC
Entity
Mailing address
4476 PARK LNA, WEST PALM BEACH, FL 33406-7558
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2021
—
Park Lane Enterprises LLC
—
Deed
related
$790,000 · Bankunited NA
Jun 12, 2006
$1,500,000
Park Lane Ents LLC
Steele,billie J
Warranty Deed
$754,308 · Zions First National Bank
Jun 28, 1999
$675,000
Billie J Steele
Vaughn,b H
Grant Deed
$500,000 · Seller
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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