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Property profile & analytics
OFF-MARKET
Estimated value
$92,790,000
High-rise multifamily apartments
499 Evernia St West Palm Beach, FL 33401-5407
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-8449341
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2018
Construction
STEEL FRAME
Total area
334,422 SF
Lot
2.6 ac (113,086 SF)
Zoning code
QGD-10
APN
74-43-43-21-34-001-0000
UPID
US18-8449341
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
-
Tanner Marine LLC Property Management Company
-
Zhulry (Bike/Boat/Book/etc) Store
-
Erin’s Place Physician
-
Bleu Palms Real Estate Real Estate Agency
-
Social Circle WPB Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$89.55M
Comparable Approach
Comparable
$74.62M
Blend (final)
Blend
$92.79M
Owner & transaction history
Trea Sole At City Center LLC · 6 yrs held
Trea Sole At City Center LLC
since 2020
Last sale
$103.5M
1 recorded transaction
Zoning & alternative use
QGD-10 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$97,005,000
6.5%
$89,545,000
7%
$83,150,000
Blend value · Realmo final
$92.79M
Range $83.51M – $102.07M · ±10% · vs last sale $103.49M (Jan 16 2020)
Last sale anchor
$103.49M
Jan 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
$277 / 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
$2,265,634
Tax year 2023
Assessed value
$108,288,887
Assessed 2023
Previous assessed
$104,162,293
+4.0% YoY
Effective rate
2.09%
On assessed value
Assessed land
$21,420,000
Assessed improvement
$86,868,887
Land market value
$21,420,000
Improvement market value
$86,868,887
Total market value
$108,288,887
Applied tax rate
84,407.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2018
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
8
Total area
334,422 SF
Lot
2.6 ac (113,086 SF)
Zoning code
QGD-10
APN
74-43-43-21-34-001-0000
UPID
US18-8449341
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
QGD-10 · West Palm Beach, FL
Zoning QGD-10 · permitted uses
QGD-10 · 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.
Building & site characteristics
From public records
Year built
2018
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
8
Lot
2.6 ac
Current owner
From public records · entity-resolved
Trea Sole At City Center LLC
Entity
Free & Clear · 6 yrs held
Mailing address
501 BRICKELL KEY DR STE #504, MIAMI, FL 33131-2608
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2020
$103,494,000
Trea Sole At City Center LLC
Broadstone City Center LLC
Grant Deed
—
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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