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Property profile & analytics
OFF-MARKET
Estimated value
$45,825,000
Office buildings
501 Flagler Dr West Palm Beach, FL 33401-5909
Entity Owned
Free & Clear
Property ID
US18-3971043
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1978
Construction
STEEL FRAME
Total area
89,914 SF
Lot
3.21 ac (139,849 SF)
Zoning code
FWD-5
APN
74-43-43-22-00-006-0010
UPID
US18-3971043
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
-
Integra Healthcare, LLC Employment Agency
-
James K. Green, P.A. Law Firm
-
Palm Beach High School Historical Committee Association / Organization
-
Truist - ATM Atm
-
Making Every Day Count, Inc., Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$51.44M
Comparable Approach
Comparable
$59.46M
Blend (final)
Blend
$45.83M
Owner & transaction history
FLAGLER CENTER PROP
FLAGLER CENTER PROP
Zoning & alternative use
FWD-5 · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$68.8M
+82.0%
Apartment house (5+ units)
$53.5M
+41.7%
Retail stores
$51.5M
+36.3%
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%
$55,720,000
6.5%
$51,435,000
7%
$47,760,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$37,795,000
Current use
RESTAURANT
$68,765,000
Change: +82% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$53,545,000
Change: +42% · Conversion: Easy
RETAIL STORES
$51,520,000
Change: +36% · Conversion: Moderate
MEDICAL BUILDING
$48,655,000
Change: +29% · Conversion: Easy
COMMERCIAL (GENERAL)
$47,435,000
Change: +26% · Conversion: Easy
AUTO REPAIR, GARAGE
$46,275,000
Change: +22% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$37,535,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$45.83M
Range $41.24M – $50.41M · ±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
$510 / 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
$1,709,710
Tax year 2023
Assessed value
$84,072,725
Assessed 2023
Previous assessed
$76,533,496
+9.9% YoY
Effective rate
2.03%
On assessed value
Assessed land
$26,844,720
Assessed improvement
$57,228,005
Land market value
$26,844,720
Improvement market value
$57,228,005
Total market value
$84,072,725
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1978
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
4
Stories
6
Total area
89,914 SF
Lot
3.21 ac (139,849 SF)
Zoning code
FWD-5
APN
74-43-43-22-00-006-0010
UPID
US18-3971043
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
FWD-5 · West Palm Beach, FL
Zoning FWD-5 · permitted uses
FWD-5 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$37.8M
RESTAURANT
Est. value
$68.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$53.5M
RETAIL STORES
Est. value
$51.5M
MEDICAL BUILDING
Est. value
$48.7M
COMMERCIAL (GENERAL)
Est. value
$47.4M
AUTO REPAIR, GARAGE
Est. value
$46.3M
INDUSTRIAL (GENERAL)
Est. value
$37.5M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1978
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
6
Buildings
4
Lot
3.21 ac
Current owner
From public records · entity-resolved
FLAGLER CENTER PROP
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 85, WEST PALM BEACH, FL 33402-0085
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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