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Property profile & analytics
OFF-MARKET
Estimated value
$15,475,000
Distribution centers
501 103rd N Ave Royal Palm Beach, FL 33411-4344
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-7889314
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2014
Construction
CONCRETE
Total area
86,710 SF
Lot
5.18 ac (225,841 SF)
Zoning code
IL
APN
72-41-43-36-00-000-3140
UPID
US18-7889314
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
$13.34M
CAP Approach
CAP
$14.86M
Comparable Approach
Comparable
$18.19M
Blend (final)
Blend
$15.48M
Owner & transaction history
Cicf II-fl2m01 LLC · 5 yrs held
Cicf II-fl2m01 LLC
since 2020
Last sale
$15.5M
5 recorded transactions
Zoning & alternative use
IL · Royal 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 Royal Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Royal 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
$13,340,000
CAP Approach
CAP Return
Estimation
6%
$16,095,000
6.5%
$14,860,000
7%
$13,795,000
Blend value · Realmo final
$15.48M
Range $13.93M – $17.02M · ±10% · vs last sale $15.50M (Jul 24 2020)
Last sale anchor
$15.50M
Jul 24 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
$178 / 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
$319,799
Tax year 2023
Assessed value
$17,758,046
Assessed 2023
Previous assessed
$17,758,046
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$2,680,721
Assessed improvement
$15,077,325
Land market value
$2,680,721
Improvement market value
$15,077,325
Total market value
$17,758,046
Applied tax rate
72,486.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2014
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
86,710 SF
Lot
5.18 ac (225,841 SF)
Zoning code
IL
APN
72-41-43-36-00-000-3140
UPID
US18-7889314
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IL · Royal Palm Beach, FL
Zoning IL · permitted uses
IL · Royal Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Royal Palm Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2014
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
5.18 ac
Current owner
From public records · entity-resolved
Cicf II-fl2m01 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1 BEACON ST STE #1700, BOSTON, MA 02108-3106
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2024
—
Cicf II - Fl2m01 LLC
—
Deed
related
—
Jul 24, 2020
$15,500,000
Cicf II-fl2m01 LLC
Eje-wcg Royal Palm LLC
Grant Deed
—
Jun 22, 2015
—
Eje-wcg Royal Palm LLC
Exeter Florida II LLC
Quit Claim Deed
related
—
Apr 2, 2015
$9,597,542
Eje Wcg Royal Palm LLC
Exeter Florida II LLC
Special Warranty Deed
—
—
—
Exeter Florida II LLC
—
Deed Of Trust
related
$52,100,000 · Wells Fargo 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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