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Property profile & analytics
OFF-MARKET
Estimated value
$4,800,000
Specialty properties
505 Commerce Way Jupiter, FL 33458-5572
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-5171390
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
2001
Construction
CONCRETE
Total area
11,602 SF
Lot
1.07 ac (46,775 SF)
Zoning code
I2
APN
30-42-41-02-09-002-0040
UPID
US18-5171390
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
-
Southeast Veterinary Neurology Veterinary Clinic
-
MedVet Jupiter (open 24/7) Veterinary Clinic
-
MedVet Jupiter Veterinary Clinic
-
Sawgrass Veterinary Cardiology Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.80M
Owner & transaction history
Rowpow Property Holdings LLC · 1 yrs held
Rowpow Property Holdings LLC
since 2024
Last sale
$4.8M
4 recorded transactions
Zoning & alternative use
I2 · Jupiter, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of I2 zone is to provide areas in appropriate locations for industrial uses consisting of light and general manufacturing, processing, assembly, distribution or warehousing involving the finishing of intermediate products, research and development, wholesale trade, repair and building and construction services
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
121.46 ac
Source
Realmo
Top alternative use upside
Warehouse, storage
$3.4M
+170.2%
Restaurant
$3.1M
+150.8%
Office building
$3.0M
+144.5%
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 Jupiter submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jupiter 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
$4,800,000
ML approach
$4,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,365,000
Change: +170% · Conversion: Difficult
RESTAURANT
$3,125,000
Change: +151% · Conversion: Difficult
OFFICE BUILDING
$3,045,000
Change: +144% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,890,000
Change: +132% · Conversion: Difficult
Blend value · Realmo final
$4.80M
Range $4.32M – $5.28M · ±10% · vs last sale $4.80M (Aug 12 2024)
Last sale anchor
$4.80M
Aug 12 2024
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
$414 / 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
$53,735
Tax year 2023
Assessed value
$2,955,027
Assessed 2023
Previous assessed
$2,930,035
+0.9% YoY
Effective rate
1.82%
On assessed value
Assessed land
$750,287
Assessed improvement
$2,204,740
Land market value
$750,287
Improvement market value
$2,204,740
Total market value
$2,955,027
Applied tax rate
30,571.0000
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
11,602 SF
Lot
1.07 ac (46,775 SF)
Zoning code
I2
APN
30-42-41-02-09-002-0040
UPID
US18-5171390
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I2 · Jupiter, FLZoning I2 · permitted uses
I2 · Jupiter, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of I2 zone is to provide areas in appropriate locations for industrial uses consisting of light and general manufacturing, processing, assembly, distribution or warehousing involving the finishing of intermediate products, research and development, wholesale trade, repair and building and construction services
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
121.46 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$3.4M
RESTAURANT
Est. value
$3.1M
OFFICE BUILDING
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.9M
WAREHOUSE, STORAGE
RESTAURANT
OFFICE BUILDING
COMMERCIAL (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
2001
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Rowpow Property Holdings LLC
Entity
Mailing address
505 SW COMMERCE WAY, JUPITER, FL 33458-5572
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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 12, 2024
$4,800,000
Rowpow Property Holdings LLC
Lati Col LLC
Warranty Deed
$3,840,000 · Pnc Bank NA
Apr 4, 2017
$2,700,000
Lati Col LLC
Balvir Khangura
Warranty Deed
$2,295,000 · Seacoast National Bank
Jan 16, 2004
—
Balvir Khangura
—
Trustees Deed
related
$500,000 · Bank Of America
—
—
Khangura Balvir S & J K Trust
—
Deed Of Trust
related
$516,236 · Bank Of America
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.
Try Rey
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