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Property profile & analytics
OFF-MARKET
Estimated value
$7,690,000
Assisted living facilities
5065 Wallis Rd West Palm Beach, FL 33415-1947
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-0915945
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1985
Construction
CONCRETE
Total area
33,044 SF
Lot
4.65 ac (202,502 SF)
Zoning code
RM
APN
00-42-43-35-01-011-0020
UPID
US18-0915945
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
-
Aspire at West Palm Beach Retirement Home Senior Citizen Center
-
Clarissa Martinez Physician
-
Kristen Whalen Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.94M
Blend (final)
Blend
$7.69M
Owner & transaction history
5065 Wallis Rd Fl Owner LLC · 2 yrs held
5065 Wallis Rd Fl Owner LLC
since 2023
Last sale
$7.6M
4 recorded transactions
Zoning & alternative use
RM · 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
$8,210,000
ML approach
$7,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$11,860,000
Current use
Blend value · Realmo final
$7.69M
Range $6.92M – $8.46M · ±10% · vs last sale $7.65M (Nov 13 2023)
Last sale anchor
$7.65M
Nov 13 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
$233 / 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
$79,575
Tax year 2023
Assessed value
$4,697,718
Assessed 2023
Previous assessed
$4,523,072
+3.9% YoY
Effective rate
1.69%
On assessed value
Assessed land
$1,536,000
Assessed improvement
$3,161,718
Land market value
$1,536,000
Improvement market value
$3,161,718
Total market value
$4,697,718
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
120
Rooms
84
Bathrooms
201
Total area
33,044 SF
Lot
4.65 ac (202,502 SF)
Zoning code
RM
APN
00-42-43-35-01-011-0020
UPID
US18-0915945
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RM · West Palm Beach, FL
Zoning RM · permitted uses
RM · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$11.9M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
1985
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
120
Rooms
84
Bathrooms
201
Lot
4.65 ac
Current owner
From public records · entity-resolved
5065 Wallis Rd Fl Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
885 3RD AVE, NEW YORK, NY 10022-4834
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2023
$7,645,090
5065 Wallis Rd Fl Owner LLC
Fc Encore W Palm Beach LLC
Special Warranty Deed
—
Aug 23, 2016
$8,682,316
Fc Encore W Palm Beach LLC
Fc Encore Core Properties LLC
Grant Deed
—
Oct 12, 2006
—
Formation Properties I LLC
Formation Properties I LLC
Quit Claim Deed
—
—
—
Fc Encore Core Properties LLC
—
Deed Of Trust
related
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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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