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Property profile & analytics
OFF-MARKET
Estimated value
$3,355,000
Strip malls
5096 Frst Hl Blvd, West Palm Beach, FL 33415-9368
Entity Owned
11-yr Hold
Free & Clear
Property ID
US18-5260249
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Construction
CONCRETE
Total area
17,009 SF
Lot
1.93 ac (84,023 SF)
Zoning code
MUPD
APN
00-42-44-11-38-002-0010
UPID
US18-5260249
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
-
FXT Air Conditioning - AC & HVAC Repair & Replacement Company - Maintenance Services Heating & Cooling Hardware & Home Improvement HVAC Service
-
Golden Dragon Arcade Arcade & Gaming Center (Bike/Boat/Book/etc) Store
-
El corral carne a la llanera Restaurant
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Island Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.36M
Owner & transaction history
5096 Forest Hill Invs LLC · 11 yrs held
5096 Forest Hill Invs LLC
since 2014
6 recorded transactions
Zoning & alternative use
MUPD · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,580,000
6.5%
$4,230,000
7%
$3,925,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,005,000
Current use
Blend value · Realmo final
$3.36M
Range $3.02M – $3.69M · ±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
$197 / 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
$75,824
Tax year 2023
Assessed value
$3,806,490
Assessed 2023
Previous assessed
$3,662,445
+3.9% YoY
Effective rate
1.99%
On assessed value
Assessed land
$1,028,442
Assessed improvement
$2,778,048
Land market value
$1,028,442
Improvement market value
$2,778,048
Total market value
$3,806,490
Applied tax rate
362.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
17,009 SF
Lot
1.93 ac (84,023 SF)
Zoning code
MUPD
APN
00-42-44-11-38-002-0010
UPID
US18-5260249
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MUPD · West Palm Beach, FL
Zoning MUPD · permitted uses
MUPD · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.0M
NEIGHBORHOOD: SHOPPING CENTER 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
2008
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.93 ac
Current owner
From public records · entity-resolved
5096 Forest Hill Invs LLC
Entity
Free & Clear · 11 yrs held
Mailing address
215 N FEDERAL HWY STE #1, BOCA RATON, FL 33432-3928
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2020
—
5096 Forest Hill Invs LLC
—
Deed
related
$1,800,000 · Flagler Bk
Jun 13, 2018
—
5096 Forest Hill Invs LLC
—
Deed
related
$1,800,000 · James H & Marta Batmasian
Dec 17, 2014
—
5096 Forest Hill Invs LLC
Batmasian,james H
Quit Claim Deed
related
—
Sep 12, 2013
$2,150,000
James H Batmasian
Forest Hill Partners LLC
Warranty Deed
—
—
—
5096 Forest Hill Invs LLC
—
Loan Modification
related
$1,800,000 · James H & Marta Batmasian
—
—
5096 Forest Hill Invs LLC
—
Loan Modification
related
$1,800,000 · Flagler Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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