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Property profile & analytics
OFF-MARKET
Estimated value
$12,610,000
Community centers
506 Us Hwy 1st 1 Tequesta, FL 33469-2372
Individually Owned
26-yr Hold
Free & Clear
Property ID
US18-3704301
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1988
Construction
CONCRETE
Total area
49,780 SF
Lot
10.96 ac (477,304 SF)
Zoning code
C-2
APN
60-43-40-30-00-001-0080
UPID
US18-3704301
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
by Request
CAP Approach
CAP
$14.75M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.61M
Owner & transaction history
Terrace Communities Tequesta · 26 yrs held
Terrace Communities Tequesta
since 2000
1 recorded transaction
Zoning & alternative use
C-2 · Tequesta, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the purpose and intent of the C-2 community commercial district to provide lands within the village as depicted on the official zoning map for the development of commercial activities with a location convenient to U.S. Highway 1 automotive traffic.
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
89.24 ac
Source
Realmo
Top alternative use upside
Retail stores
$19.9M
+0.9%
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 Tequesta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tequesta 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%
$15,970,000
6.5%
$14,745,000
7%
$13,690,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$19,665,000
Current use
RETAIL STORES
$19,850,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$19,620,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$19,070,000
Change: -3% · Conversion: Easy
OFFICE BUILDING
$17,515,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$12.61M
Range $11.35M – $13.87M · ±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
$253 / 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
$321,326
Tax year 2023
Assessed value
$13,712,241
Assessed 2023
Previous assessed
$13,243,681
+3.5% YoY
Effective rate
2.34%
On assessed value
Assessed land
$5,018,630
Assessed improvement
$8,693,611
Land market value
$5,018,630
Improvement market value
$8,693,611
Total market value
$13,712,241
Applied tax rate
60,461.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
49,780 SF
Lot
10.96 ac (477,304 SF)
Zoning code
C-2
APN
60-43-40-30-00-001-0080
UPID
US18-3704301
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Tequesta, FLZoning C-2 · permitted uses
C-2 · Tequesta, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is the purpose and intent of the C-2 community commercial district to provide lands within the village as depicted on the official zoning map for the development of commercial activities with a location convenient to U.S. Highway 1 automotive traffic.
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
89.24 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$19.7M
RETAIL STORES
Est. value
$19.9M
MEDICAL BUILDING
Est. value
$19.6M
COMMERCIAL (GENERAL)
Est. value
$19.1M
OFFICE BUILDING
Est. value
$17.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1988
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
10.96 ac
Current owner
From public records · entity-resolved
Terrace Communities Tequesta
Individual
Free & Clear · 26 yrs held
Mailing address
1340 BRUCKNER BLVD, BRONX, NY 10459-3866
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2000
$36,300
Terrace Communities Tequesta
Tamwest Realty INC
Grant Deed
—
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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