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Property profile & analytics
OFF-MARKET
Estimated value
$5,865,000
Medical Office Space
4998 10th N Ave Greenacres, FL 33463-2210
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-4518345
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1999
Construction
CONCRETE
Total area
13,596 SF
Lot
2.88 ac (125,453 SF)
Zoning code
CG
APN
18-42-44-24-35-001-0000
UPID
US18-4518345
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
$7.08M
Blend (final)
Blend
$5.87M
Owner & transaction history
Ejb Greenacres LLC · 5 yrs held
Ejb Greenacres LLC
since 2020
Last sale
$5.9M
4 recorded transactions
Zoning & alternative use
CG · Greenacres, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The commercial general (CG) district is intended for general commercial activity. Permitted uses and special exceptions within this designation require land areas and location convenient to automotive traffic. This district will serve a group of neighborhoods and provide goods and services for a consumer market within a three-mile radius. This district will…
Zone name
Commercial General
General category
COMMERCIAL
Zone area
100.09 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$9.3M
+73.9%
Restaurant
$7.9M
+47.0%
Commercial (general)
$6.2M
+16.5%
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 Greenacres submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenacres 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
MEDICAL BUILDING
$5,360,000
Current use
APARTMENT HOUSE (5+ UNITS)
$9,320,000
Change: +74% · Conversion: Moderate
RESTAURANT
$7,875,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,245,000
Change: +17% · Conversion: Easy
OFFICE BUILDING
$5,995,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,595,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,945,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$5.87M
Range $5.28M – $6.45M · ±10% · vs last sale $5.85M (Aug 4 2020)
Last sale anchor
$5.85M
Aug 4 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
$431 / 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
$96,206
Tax year 2023
Assessed value
$4,923,365
Assessed 2023
Previous assessed
$4,752,714
+3.6% YoY
Effective rate
1.95%
On assessed value
Assessed land
$1,360,704
Assessed improvement
$3,562,661
Land market value
$1,360,704
Improvement market value
$3,562,661
Total market value
$4,923,365
Applied tax rate
18,982.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
13,596 SF
Lot
2.88 ac (125,453 SF)
Zoning code
CG
APN
18-42-44-24-35-001-0000
UPID
US18-4518345
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · Greenacres, FLZoning CG · permitted uses
CG · Greenacres, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The commercial general (CG) district is intended for general commercial activity. Permitted uses and special exceptions within this designation require land areas and location convenient to automotive traffic. This district will serve a group of neighborhoods and provide goods and services for a consumer market within a three-mile radius. This district will be found primarily along thoroughfares designated as a regional collector or minor arterials in the Comprehensive Plan. In some instances, this district may also be found along major arterials. It is not the intent of this district that it shall be used to encourage the extension of strip commercial areas.
Zone name
Commercial General
General category
COMMERCIAL
Zone area
100.09 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$5.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.3M
RESTAURANT
Est. value
$7.9M
COMMERCIAL (GENERAL)
Est. value
$6.2M
OFFICE BUILDING
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$5.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.9M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1999
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.88 ac
Current owner
From public records · entity-resolved
Ejb Greenacres LLC
Entity
Free & Clear · 5 yrs held
Mailing address
9136 SEMINOLE BLVD, SEMINOLE, FL 33772-3148
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2020
$5,850,000
Ejb Greenacres LLC
Haverhill Road Realty LLC
Grant Deed
—
Jun 11, 2020
—
Haverhill Road Realty LLC
—
Deed
related
$3,510,000 · First Carolina Bk
Nov 20, 2018
$2,250,000
Haverhill Road Realty LLC
Federated Industries INC
Special Warranty Deed
$2,946,980 · City National Bank Of Florida
—
—
Haverhill Road Realty LLC
—
Deed Of Trust
related
$3,510,000 · First Carolina Bk
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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