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Property profile & analytics
OFF-MARKET
Estimated value
$9,810,000
Residential income homes
5015 Elmhurst Rd, West Palm Beach, FL 33417-4555
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-3187886
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1984
Construction
WOOD
Total area
3,456 SF
Lot
4.23 ac (184,259 SF)
Zoning code
RH
APN
00-42-43-26-00-000-1270
UPID
US18-3187886
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
$10.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.81M
Owner & transaction history
West Palm Gardens Fl LLC · 3 yrs held
West Palm Gardens Fl LLC
since 2023
Last sale
$9.5M
3 recorded transactions
Zoning & alternative use
RH · 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
$10,180,000
ML approach
$10,105,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.81M
Range $8.83M – $10.79M · ±10% · vs last sale $9.48M (Jan 12 2023)
Last sale anchor
$9.48M
Jan 12 2023
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
$2,839 / 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
$88,189
Tax year 2023
Assessed value
$4,591,550
Assessed 2023
Previous assessed
$4,591,550
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$2,250,000
Assessed improvement
$2,341,550
Land market value
$2,250,000
Improvement market value
$2,341,550
Total market value
$4,591,550
Applied tax rate
192.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Buildings
6
Stories
1
Units
4
Bathrooms
4
Total area
3,456 SF
Lot
4.23 ac (184,259 SF)
Zoning code
RH
APN
00-42-43-26-00-000-1270
UPID
US18-3187886
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RH · West Palm Beach, FL
Zoning RH · permitted uses
RH · 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
1984
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
6
Units
4
Bathrooms
4
Lot
4.23 ac
Current owner
From public records · entity-resolved
West Palm Gardens Fl LLC
Entity
Free & Clear · 3 yrs held
Mailing address
501 CHESTNUT RDG RD STE #306, SPRING VALLEY, NY 10977-5669
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2023
$9,478,208
West Palm Gardens Fl LLC
Empirian Elmwood I LLC
Special Warranty Deed
—
Dec 20, 2011
—
Holly Sands Apartments Ltd
—
Deed Of Trust
related
$384,750,000 · Us Bank NA Series 2007-c1 (ce)
—
—
Elmwood Apartments II Ltd
—
Deed Of Trust
related
$1,350,000 · Key Bank 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.
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