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Property profile & analytics
OFF-MARKET
Estimated value
$13,150,000
Assisted living facilities
4847 David S Mack Dr West Palm Beach, FL 33417-8023
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-5981293
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1989
Construction
CONCRETE
Total area
47,380 SF
Lot
16.85 ac (734,117 SF)
Zoning code
CSPD
APN
74-42-43-12-26-001-0000
UPID
US18-5981293
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
$12.44M
Blend (final)
Blend
$13.15M
Owner & transaction history
The Joseph L Morse Health Center In · 1 yrs held
The Joseph L Morse Health Center In
since 2025
1 recorded transaction
Zoning & alternative use
CSPD · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ents. Secs. 94-176-94-200. - Reserved. ARTICLE VII. - SPECIAL DISTRICTS Sec. 94-201. - General development standards. Sec. 94-202. - Community service (CS) district. Sec. 94-203. - Community service planned development (CSPD) district. Sec. 94-204. - Recreation and open space (ROS) district. Sec. 94-205. - Conservation (CON) district. Sec. 94-206. - Planned…
Zone name
Community Service Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
1,149.03 ac
Top alternative use upside
Industrial (general)
$19.8M
+16.3%
Retail stores
$19.7M
+15.6%
Warehouse, storage
$18.8M
+10.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$17,005,000
Current use
INDUSTRIAL (GENERAL)
$19,780,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$19,660,000
Change: +16% · Conversion: Difficult
WAREHOUSE, STORAGE
$18,845,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$13.15M
Range $11.84M – $14.47M · ±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
$278 / 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
$87,194
Tax year 2023
Assessed value
$34,535,310
Assessed 2023
Previous assessed
$33,542,153
+3.0% YoY
Effective rate
0.25%
On assessed value
Assessed land
$5,872,944
Assessed improvement
$28,662,366
Land market value
$5,872,944
Improvement market value
$28,662,366
Total market value
$34,535,310
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1989
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
8
Stories
1
Total area
47,380 SF
Lot
16.85 ac (734,117 SF)
Zoning code
CSPD
APN
74-42-43-12-26-001-0000
UPID
US18-5981293
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CSPD · West Palm Beach, FLZoning CSPD · permitted uses
CSPD · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ents. Secs. 94-176-94-200. - Reserved. ARTICLE VII. - SPECIAL DISTRICTS Sec. 94-201. - General development standards. Sec. 94-202. - Community service (CS) district. Sec. 94-203. - Community service planned development (CSPD) district. Sec. 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. 94-2
Zone name
Community Service Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
1,149.03 ac
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$17.0M
INDUSTRIAL (GENERAL)
Est. value
$19.8M
RETAIL STORES
Est. value
$19.7M
WAREHOUSE, STORAGE
Est. value
$18.8M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
1989
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
8
Lot
16.85 ac
Current owner
From public records · entity-resolved
The Joseph L Morse Health Center In
Individual
Mailing address
4847 DAVID S MACK DR, WEST PALM BEACH, FL 33417-8023
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2025
—
The Joseph L Morse Health Center In
—
Deed
related
$5,475,000 · Us Bank Trust Co NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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