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    Property profile & analytics

    505 Northlake Blvd North Palm Beach, FL 33408-5424

    • Showrooms
    • 2,600 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimation
    $365,000
    Last Sale
    Aug 31, 2021
    $375,000
    Location Intelligence
    Property ID
    US18-4696584
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • North Palm Beach Upholstery tapiceria / Upholstery Shop

    Property Details for 505 Northlake Blvd

    Year built
    1974
    Construction
    CONCRETE
    Lot size
    0.22 lot acres
    Property size
    2,600 SF
    Zone code
    C-NB
    Property type
    Showrooms
    APN
    68-43-42-16-07-000-0420
    APU
    68434216070000420

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $355,000

    • CAP approach

      CAP return
      Estimation
      6%
      $360,000
      6.5%
      $355,000
      7%
      $375,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $335,000
      Geo Method
      $415,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $330,000
      Retail
      $315,000
      Mixed-Use
      $380,000
      Hospitality
      $305,000
      Educational
      $370,000
      Residential Income
      $320,000
      Energy
      $280,000
      Income-Based Land
      $300,000
      Food Service
      $350,000

    Location Insight

    • Map
    • Local Demand
    City
    North Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0609
    Latitude
    26.8081
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,409
    $176,213
    $174,631
    $350,844
    -
    $176,213
    $174,631
    $350,844

    Comparable in this City

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    • Value Estimation by Request
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      645 Prosperity Farms Rd

      SHOW ROOM, WAREHOUSE • 6,100 SF
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      Anchorage Dr

      SHOW ROOM, WAREHOUSE • 742 SF
      Anchorage Dr, North Palm Beach, FL 33408
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    • Value Estimation by Request
      11,172 SF

      1499 Seminole Blvd, Unit 4

      SHOW ROOM, WAREHOUSE • 11,172 SF
      1499 Seminole Blvd, Juno Beach, FL 33408-2500
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    • Value Estimation
      $305,000
      693 SF

      Us Hwy 1st 1

      SHOW ROOM, WAREHOUSE • 693 SF
      Us Hwy 1st 1, North Palm Beach, FL 33408
      View Details
    • Value Estimation
      $295,000
      1,344 SF

      1811 Bomar Dr

      SHOW ROOM, WAREHOUSE • 1,344 SF
      1811 Bomar Dr, North Palm Beach, FL 33408-3045
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
      35,992 SF

      Retail Space in Juno Beach

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    North Palm Beach, FL 33408-5424
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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